Kilroy Realty’s (KRC) “Equal Weight” Rating Reiterated at Barclays

Barclays restated their equal weight rating on shares of Kilroy Realty (NYSE:KRC) in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has a $43.00 price objective on the real estate investment trust’s stock.

Several other research analysts have also commented on KRC. Zacks Research upgraded Kilroy Realty to a “hold” rating in a research report on Friday, August 8th. Mizuho lowered 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. Scotiabank lifted their target price on Kilroy Realty from $37.00 to $40.00 and gave the stock a “sector underperform” rating in a report on Thursday, August 28th. Evercore ISI decreased their price target on Kilroy Realty from $43.00 to $42.00 and set an “in-line” rating on the stock in a report on Monday, August 18th. Finally, Wells Fargo & Company lifted their price objective on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Wednesday, August 27th. Two analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have issued a Sell rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus price target of $38.45.

Kilroy Realty Trading Up 3.1%

Shares of KRC opened at $42.69 on Thursday. The stock has a market capitalization of $5.05 billion, a PE ratio of 23.20 and a beta of 1.26. The company’s fifty day moving average is $37.99 and its 200 day moving average is $34.68. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78.

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

Insider Transactions at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company’s stock, valued at $1,667,579.30. This trade represents a 8.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the completion of the sale, the chief accounting officer directly owned 26,435 shares of the company’s stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of large investors have recently modified their holdings of KRC. Mercer Global Advisors Inc. ADV raised its position in Kilroy Realty by 466.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 48,062 shares of the real estate investment trust’s stock valued at $1,944,000 after purchasing an additional 39,579 shares in the last quarter. Ameriprise Financial Inc. increased its stake in shares of Kilroy Realty by 9.6% during the fourth quarter. Ameriprise Financial Inc. now owns 193,835 shares of the real estate investment trust’s stock valued at $7,841,000 after buying an additional 16,959 shares during the period. Bank of America Corp DE raised its holdings in shares of Kilroy Realty by 9.8% in the fourth quarter. Bank of America Corp DE now owns 464,457 shares of the real estate investment trust’s stock valued at $18,787,000 after acquiring an additional 41,356 shares in the last quarter. Cetera Investment Advisers lifted its stake in Kilroy Realty by 6.7% in the fourth quarter. Cetera Investment Advisers now owns 13,830 shares of the real estate investment trust’s stock worth $559,000 after acquiring an additional 874 shares during the period. Finally, Deutsche Bank AG lifted its stake in Kilroy Realty by 1,226.2% in the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock worth $32,987,000 after acquiring an additional 753,999 shares during the period. Hedge funds and other institutional investors own 94.22% 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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.