Kilroy Realty (NYSE:KRC) PT Raised to $44.00

Kilroy Realty (NYSE:KRC) had its price objective raised by equities research analysts at Barclays from $38.00 to $44.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target would indicate a potential upside of 4.36% from the stock’s current price.

Other analysts also recently issued research reports about the company. Wells Fargo & Company dropped their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Evercore ISI upped their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday, September 16th. Scotiabank lowered their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Finally, KeyCorp reduced their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Six analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $39.29.

Kilroy Realty Price Performance

KRC stock traded up $0.74 during trading on Monday, hitting $42.16. The company had a trading volume of 15,880 shares, compared to its average volume of 1,048,269. The business has a 50 day moving average of $37.95 and a 200 day moving average of $34.98. The firm has a market capitalization of $4.95 billion, a price-to-earnings ratio of 24.23 and a beta of 1.04. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. Kilroy Realty has a fifty-two week low of $27.39 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The company had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same period in the prior year, the company posted $1.19 earnings per share. The company’s revenue was down 1.2% on a year-over-year basis. As a group, research analysts predict that Kilroy Realty will post 4.25 earnings per share for the current year.

Insider Buying and Selling

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by corporate insiders.

Institutional Trading of Kilroy Realty

Several large investors have recently made changes to their positions in the stock. abrdn plc lifted its holdings in Kilroy Realty by 9.0% in the 3rd quarter. abrdn plc now owns 23,661 shares of the real estate investment trust’s stock worth $916,000 after purchasing an additional 1,962 shares during the last quarter. DekaBank Deutsche Girozentrale increased its position in Kilroy Realty by 19.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 46,597 shares of the real estate investment trust’s stock worth $1,768,000 after acquiring an additional 7,533 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in Kilroy Realty by 24.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 6,288 shares of the real estate investment trust’s stock worth $246,000 after purchasing an additional 1,251 shares during the last quarter. Ballentine Partners LLC increased its holdings in shares of Kilroy Realty by 8.0% during the 3rd quarter. Ballentine Partners LLC now owns 18,733 shares of the real estate investment trust’s stock worth $725,000 after purchasing an additional 1,394 shares during the period. Finally, International Assets Investment Management LLC raised its position in shares of Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after buying an additional 13,096 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

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.