Kilroy Realty Corporation (NYSE:KRC) Receives Consensus Recommendation of “Hold” from Analysts

Kilroy Realty Corporation (NYSE:KRC) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a sell recommendation, six have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $37.6364.

A number of research firms have weighed in on KRC. Scotiabank reduced 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. Zacks Research upgraded Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. BMO Capital Markets lowered Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research note on Wednesday, July 16th. Wells Fargo & Company reduced 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, The Goldman Sachs Group reiterated a “sell” rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business’s stock in a transaction that occurred on Wednesday, August 13th. The stock was 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 in the company, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the business’s stock in a transaction that occurred on Friday, August 8th. The stock was 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 in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Institutional Trading of Kilroy Realty

Large investors have recently modified their holdings of the stock. Wells Fargo & Company MN increased its holdings in Kilroy Realty by 7.5% in the fourth quarter. Wells Fargo & Company MN now owns 83,461 shares of the real estate investment trust’s stock valued at $3,376,000 after buying an additional 5,845 shares during the last quarter. Envestnet Asset Management Inc. increased its holdings in Kilroy Realty by 39.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 29,230 shares of the real estate investment trust’s stock valued at $1,182,000 after buying an additional 8,313 shares during the last quarter. Bank of Montreal Can increased its holdings in Kilroy Realty by 21.5% in the fourth quarter. Bank of Montreal Can now owns 19,408 shares of the real estate investment trust’s stock valued at $785,000 after buying an additional 3,436 shares during the last quarter. United Capital Financial Advisors LLC purchased a new position in Kilroy Realty in the fourth quarter valued at $218,000. Finally, Marshall Wace LLP purchased a new position in Kilroy Realty in the fourth quarter valued at $19,844,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Up 3.3%

KRC opened at $40.1520 on Monday. The stock’s fifty day moving average is $36.69 and its two-hundred day moving average is $34.30. The company has a market capitalization of $4.75 billion, a P/E ratio of 21.82 and a beta of 1.22. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

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

About Kilroy Realty

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.