JPMorgan Chase & Co. Cuts Kilroy Realty (NYSE:KRC) Price Target to $39.00

Kilroy Realty (NYSE:KRC) had its price target lowered by JPMorgan Chase & Co. from $40.00 to $39.00 in a research note published on Tuesday,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

Several other research firms have also commented on KRC. Mizuho boosted their price target on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a report on Tuesday. Barclays increased their price objective on shares of Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday. Bank of America raised shares of Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $42.00 to $44.00 in a report on Tuesday, June 16th. Weiss Ratings raised Kilroy Realty from a “hold (c-)” rating to a “hold (c)” rating in a research report on Wednesday, July 1st. Finally, Wells Fargo & Company increased their target price on Kilroy Realty from $31.00 to $33.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Five analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and an average target price of $38.87.

Kilroy Realty Trading Down 0.7%

Shares of NYSE KRC opened at $38.37 on Tuesday. Kilroy Realty has a twelve month low of $27.36 and a twelve month high of $45.03. The firm has a market cap of $4.46 billion, a PE ratio of 21.08 and a beta of 1.12. The business has a fifty day simple moving average of $37.21 and a two-hundred day simple moving average of $34.09. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.84.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The firm had revenue of $270.05 million for the quarter, compared to the consensus estimate of $263.08 million. Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.Kilroy Realty’s quarterly revenue was down .3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.02 EPS. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Analysts expect that Kilroy Realty will post 3.59 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 8th. Stockholders of record on Tuesday, June 30th were paid a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 5.6%. The ex-dividend date was Tuesday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is presently 118.68%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, Director Jolie A. Hunt sold 15,800 shares of Kilroy Realty stock in a transaction that occurred on Monday, June 29th. The shares were sold at an average price of $37.79, for a total transaction of $597,082.00. Following the completion of the sale, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. The trade was a 53.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Lauren N. Stadler sold 3,000 shares of the company’s stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $34.65, for a total transaction of $103,950.00. Following the completion of the sale, the insider directly owned 15,456 shares in the company, valued at $535,550.40. This trade represents a 16.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 29,648 shares of company stock worth $1,120,958 over the last quarter. Insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Norges Bank acquired a new stake in Kilroy Realty during the 4th quarter worth about $340,131,000. State Street Corp raised its stake in shares of Kilroy Realty by 1.2% during the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock valued at $203,514,000 after buying an additional 67,546 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in shares of Kilroy Realty by 23.5% in the 4th quarter. Principal Financial Group Inc. now owns 5,228,666 shares of the real estate investment trust’s stock valued at $195,396,000 after buying an additional 994,299 shares during the period. Rush Island Management LP lifted its holdings in shares of Kilroy Realty by 84.5% in the 1st quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after buying an additional 2,226,821 shares during the period. Finally, Daiwa Securities Group Inc. boosted its stake in shares of Kilroy Realty by 0.4% in the third quarter. Daiwa Securities Group Inc. now owns 3,578,185 shares of the real estate investment trust’s stock worth $151,178,000 after buying an additional 15,193 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.