Kilroy Realty (NYSE:KRC – Get Free Report) was upgraded by research analysts at Bank of America from a “neutral” rating to a “buy” rating in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a $44.00 price target on the real estate investment trust’s stock, up from their previous price target of $42.00. Bank of America‘s target price would suggest a potential upside of 14.65% from the company’s current price.
Several other research analysts also recently weighed in on the company. Mizuho set a $29.00 price target on Kilroy Realty and gave the stock an “underperform” rating in a research note on Tuesday, February 24th. Needham & Company LLC reaffirmed a “buy” rating on shares of Kilroy Realty in a report on Monday, June 8th. JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $44.00 to $39.00 and set a “neutral” rating on the stock in a report on Monday, April 13th. Royal Bank Of Canada decreased their price objective on Kilroy Realty from $46.00 to $40.00 and set an “outperform” rating on the stock in a report on Monday, March 2nd. Finally, Barclays decreased their price objective on Kilroy Realty from $39.00 to $31.00 and set an “equal weight” rating on the stock in a report on Thursday, February 26th. Five equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $37.43.
Read Our Latest Stock Analysis on KRC
Kilroy Realty Trading Up 0.0%
Kilroy Realty (NYSE:KRC – Get Free Report) last posted its quarterly earnings results on Monday, April 27th. The real estate investment trust reported ($0.16) earnings per share for the quarter, missing the consensus estimate of $0.14 by ($0.30). Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.The business had revenue of $270.05 million during the quarter, compared to the consensus estimate of $263.08 million. During the same quarter in the previous year, the company earned $1.02 earnings per share. The company’s revenue for the quarter was down .3% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Research analysts anticipate that Kilroy Realty will post 3.57 EPS for the current fiscal year.
Insider Buying and Selling at Kilroy Realty
In related news, President Justin William Smart sold 10,848 shares of the stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $38.71, for a total transaction of $419,926.08. Following the sale, the president owned 519,872 shares in the company, valued at approximately $20,124,245.12. This represents a 2.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Lauren N. Stadler sold 3,000 shares of the stock in a transaction on Wednesday, May 6th. The shares were sold at an average price of $34.65, for a total value of $103,950.00. Following the sale, the insider owned 15,456 shares in the company, valued at $535,550.40. The trade was a 16.25% decrease in their position. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.83% of the company’s stock.
Institutional Trading of Kilroy Realty
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC purchased a new stake in Kilroy Realty during the 1st quarter valued at $17,541,000. Groupe la Francaise purchased a new position in shares of Kilroy Realty during the first quarter valued at approximately $412,000. Bank of America Corp DE boosted its position in shares of Kilroy Realty by 118.1% during the first quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock valued at $45,745,000 after buying an additional 877,907 shares during the period. Amundi boosted its position in shares of Kilroy Realty by 3.9% during the first quarter. Amundi now owns 66,051 shares of the real estate investment trust’s stock valued at $1,863,000 after buying an additional 2,488 shares during the period. Finally, California State Teachers Retirement System boosted its position in shares of Kilroy Realty by 24.3% during the first quarter. California State Teachers Retirement System now owns 133,111 shares of the real estate investment trust’s stock valued at $3,755,000 after buying an additional 26,040 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.
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.
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