Kilroy Realty (NYSE:KRC – Free Report) had its target price boosted by The Goldman Sachs Group from $40.00 to $45.00 in a research report sent to investors on Tuesday morning, Benzinga reports. The firm currently has a buy rating on the real estate investment trust’s stock.
Several other equities research analysts also recently issued reports on the company. StockNews.com began coverage on Kilroy Realty in a research report on Thursday, May 18th. They set a hold rating on the stock. Bank of America lowered Kilroy Realty from a buy rating to a neutral rating in a research note on Tuesday. Royal Bank of Canada decreased their target price on Kilroy Realty from $45.00 to $40.00 in a research note on Tuesday, May 30th. Finally, JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $47.00 to $38.00 in a research report on Thursday, June 15th. Nine analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Hold and an average price target of $42.67.
Get Our Latest Analysis on KRC
Kilroy Realty Trading Up 0.4 %
Kilroy Realty Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Stockholders of record on Friday, June 30th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, June 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.88%. Kilroy Realty’s dividend payout ratio (DPR) is 103.85%.
Hedge Funds Weigh In On Kilroy Realty
Large investors have recently added to or reduced their stakes in the business. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Kilroy Realty by 96.4% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 809 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 397 shares during the last quarter. Lindbrook Capital LLC lifted its stake in shares of Kilroy Realty by 48.7% in the 2nd quarter. Lindbrook Capital LLC now owns 956 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 313 shares during the last quarter. Janiczek Wealth Management LLC purchased a new stake in Kilroy Realty during the 1st quarter valued at about $31,000. CWM LLC grew its position in Kilroy Realty by 155.4% during the 1st quarter. CWM LLC now owns 1,060 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 645 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Kilroy Realty by 618.0% in the 2nd quarter. Allworth Financial LP now owns 1,235 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 1,063 shares during the period. Hedge funds and other institutional investors own 92.93% of the company’s stock.
Kilroy Realty Company Profile
Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.
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