Kilroy Realty (NYSE:KRC – Get Free Report) had its price objective boosted by analysts at Citigroup from $34.00 to $40.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price target suggests a potential upside of 1.23% from the stock’s previous close.
A number of other research firms also recently weighed in on KRC. BMO Capital Markets raised their price target on shares of Kilroy Realty from $34.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, June 15th. UBS Group set a $44.00 target price on shares of Kilroy Realty in a research note on Tuesday, June 16th. The Goldman Sachs Group upped their price target on shares of Kilroy Realty from $28.00 to $31.00 and gave the stock a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Finally, Needham & Company LLC reissued a “buy” rating on shares of Kilroy Realty in a report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $39.13.
Check Out Our Latest Analysis on KRC
Kilroy Realty Stock Performance
Kilroy Realty (NYSE:KRC – Get Free Report) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The firm had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. During the same quarter in the previous year, the company earned $1.13 earnings per share. The company’s quarterly revenue was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, sell-side analysts expect that Kilroy Realty will post 3.58 earnings per share for the current year.
Insider Buying and Selling
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 value of $419,926.08. Following the completion of the sale, the president directly owned 519,872 shares in the company, valued at $20,124,245.12. This represents a 2.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Jolie A. Hunt sold 15,800 shares of the firm’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director directly owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 29,648 shares of company stock valued at $1,120,958 over the last 90 days. 0.83% of the stock is owned by insiders.
Hedge Funds Weigh In On Kilroy Realty
A number of hedge funds and other institutional investors have recently made changes to their positions in KRC. Quadrant Capital Group LLC lifted its position in shares of Kilroy Realty by 2.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 10,881 shares of the real estate investment trust’s stock worth $460,000 after purchasing an additional 295 shares during the period. Parallel Advisors LLC raised its stake in Kilroy Realty by 9.6% during the fourth quarter. Parallel Advisors LLC now owns 3,650 shares of the real estate investment trust’s stock worth $136,000 after buying an additional 320 shares during the last quarter. Whittier Trust Co. lifted its holdings in Kilroy Realty by 4.1% in the fourth quarter. Whittier Trust Co. now owns 9,503 shares of the real estate investment trust’s stock valued at $377,000 after buying an additional 375 shares during the period. NorthRock Partners LLC lifted its holdings in Kilroy Realty by 4.0% in the third quarter. NorthRock Partners LLC now owns 11,907 shares of the real estate investment trust’s stock valued at $503,000 after buying an additional 460 shares during the period. Finally, State of Michigan Retirement System boosted its position in Kilroy Realty by 1.9% during the first quarter. State of Michigan Retirement System now owns 26,265 shares of the real estate investment trust’s stock valued at $741,000 after acquiring an additional 500 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.
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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