Kilroy Realty Corporation (NYSE:KRC) Receives $38.00 Average Target Price from Brokerages

Kilroy Realty Corporation (NYSE:KRC) has been assigned a consensus rating of “Hold” from the twelve ratings firms that are presently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $37.9091.

Several research firms recently weighed in on KRC. Mizuho dropped their price objective on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, July 14th. Evercore ISI dropped their price objective on Kilroy Realty from $43.00 to $42.00 and set an “in-line” rating for the company in a research note on Monday. Scotiabank dropped their price objective on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating for the company in a research note on Monday, July 14th. Wells Fargo & Company dropped their price objective on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research note on Monday, May 19th. Finally, JPMorgan Chase & Co. dropped their price objective on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, July 2nd.

Insiders Place Their Bets

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction of $152,085.85. Following the sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer owned 26,435 shares in the company, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds have recently made changes to their positions in the business. American National Bank & Trust acquired a new stake in shares of Kilroy Realty during the second quarter worth $25,000. Quaker Wealth Management LLC boosted its holdings in shares of Kilroy Realty by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 1,510 shares during the last quarter. Allworth Financial LP boosted its holdings in shares of Kilroy Realty by 192.1% during the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 634 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in shares of Kilroy Realty during the second quarter worth $34,000. Finally, UMB Bank n.a. boosted its holdings in shares of Kilroy Realty by 46.0% during the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock worth $58,000 after purchasing an additional 534 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

NYSE KRC opened at $38.9350 on Monday. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $43.78. The company has a market capitalization of $4.61 billion, a P/E ratio of 21.16 and a beta of 1.22. The business has a 50 day moving average price of $36.53 and a 200 day moving average price of $34.27. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the business posted $1.10 EPS. Kilroy Realty’s quarterly revenue was up 3.3% on a year-over-year basis. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Sell-side analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.