Kilroy Realty Corporation (KRC) Receives Average Rating of “Hold” from Brokerages
Kilroy Realty Corporation (NYSE:KRC) has been assigned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $78.83.
KRC has been the topic of several analyst reports. BidaskClub upgraded Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Stifel Nicolaus reiterated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Deutsche Bank AG raised their target price on Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, May 25th. KeyCorp reiterated a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday, August 25th. Finally, Bank of America Corporation downgraded Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $77.00 in a report on Wednesday, August 16th.
In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of Kilroy Realty Corporation stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $76.66, for a total transaction of $766,600.00. Following the sale, the insider now directly owns 93,017 shares in the company, valued at approximately $7,130,683.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.28% of the stock is owned by insiders.
Large investors have recently bought and sold shares of the company. BlackRock Inc. increased its stake in Kilroy Realty Corporation by 4,354.2% in the first quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock valued at $803,452,000 after buying an additional 10,896,443 shares in the last quarter. Morgan Stanley increased its stake in Kilroy Realty Corporation by 617.2% in the first quarter. Morgan Stanley now owns 1,070,178 shares of the real estate investment trust’s stock valued at $77,138,000 after buying an additional 920,954 shares in the last quarter. Vanguard Group Inc. increased its stake in Kilroy Realty Corporation by 5.7% in the first quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock valued at $1,076,904,000 after buying an additional 799,701 shares in the last quarter. Standard Life Investments LTD acquired a new stake in Kilroy Realty Corporation during the second quarter valued at about $42,070,000. Finally, Goldman Sachs Group Inc. increased its stake in Kilroy Realty Corporation by 41.9% in the second quarter. Goldman Sachs Group Inc. now owns 1,301,194 shares of the real estate investment trust’s stock valued at $97,785,000 after buying an additional 384,304 shares in the last quarter. Institutional investors own 99.72% of the company’s stock.
Kilroy Realty Corporation (KRC) remained flat at $69.23 during mid-day trading on Friday. The company had a trading volume of 245,453 shares. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The firm has a 50 day moving average price of $70.10 and a 200 day moving average price of $72.81. The company has a market capitalization of $6.80 billion, a PE ratio of 50.31 and a beta of 0.75.
Kilroy Realty Corporation (NYSE:KRC) last announced its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. The business had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The company’s revenue was up 12.8% on a year-over-year basis. During the same period last year, the business posted $0.86 EPS. Analysts forecast that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.
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About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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