Citigroup Cuts Kilroy Realty (NYSE:KRC) Price Target to $34.00

Kilroy Realty (NYSE:KRC) had its price target cut by Citigroup from $42.00 to $34.00 in a report released on Thursday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

KRC has been the subject of several other research reports. Evercore cut their price objective on Kilroy Realty from $47.00 to $46.00 and set an “in-line” rating for the company in a research report on Friday, November 14th. KeyCorp reiterated a “sector weight” rating on shares of Kilroy Realty in a report on Thursday, December 4th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kilroy Realty in a research note on Monday, December 29th. Deutsche Bank Aktiengesellschaft restated a “hold” rating and set a $35.00 target price on shares of Kilroy Realty in a research report on Tuesday, January 6th. Finally, BMO Capital Markets reiterated a “market perform” rating on shares of Kilroy Realty in a research report on Wednesday, January 7th. One analyst has rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $40.43.

Kilroy Realty Stock Up 4.6%

Shares of NYSE:KRC opened at $31.72 on Thursday. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The company has a quick ratio of 2.56, a current ratio of 2.13 and a debt-to-equity ratio of 0.81. The firm’s 50-day simple moving average is $37.09 and its 200-day simple moving average is $39.76. The company has a market cap of $3.76 billion, a price-to-earnings ratio of 13.73 and a beta of 1.10.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.88). Kilroy Realty had a return on equity of 4.91% and a net margin of 24.82%.The firm had revenue of $272.19 million for the quarter, compared to analysts’ expectations of $270.21 million. During the same period in the prior year, the company earned $1.20 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.250-3.450 EPS. As a group, equities research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 7th. Stockholders of record on Wednesday, December 31st were given a $0.54 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 6.8%. Kilroy Realty’s dividend payout ratio is currently 93.51%.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in Kilroy Realty during the fourth quarter worth $340,131,000. M&T Bank Corp boosted its stake in shares of Kilroy Realty by 34,820.2% during the fourth quarter. M&T Bank Corp now owns 2,756,598 shares of the real estate investment trust’s stock valued at $103,014,000 after acquiring an additional 2,748,704 shares during the last quarter. Daiwa Securities Group Inc. increased its position in Kilroy Realty by 168.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock worth $122,246,000 after purchasing an additional 2,236,539 shares in the last quarter. Morgan Stanley raised its stake in Kilroy Realty by 231.5% in the 4th quarter. Morgan Stanley now owns 2,643,973 shares of the real estate investment trust’s stock valued at $98,805,000 after purchasing an additional 1,846,325 shares during the last quarter. Finally, Wellington Management Group LLP acquired a new position in Kilroy Realty in the 3rd quarter valued at about $58,948,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.