Kilroy Realty’s (KRC) “Equal Weight” Rating Reiterated at Barclays

Kilroy Realty (NYSE:KRC)‘s stock had its “equal weight” rating reiterated by research analysts at Barclays in a report released on Thursday, MarketBeat.com reports. They currently have a $43.00 price objective on the real estate investment trust’s stock. Barclays‘s price objective points to a potential upside of 3.26% from the stock’s previous close.

A number of other equities analysts have also recently weighed in on KRC. Evercore ISI dropped their price target on Kilroy Realty from $43.00 to $42.00 and set an “in-line” rating on the stock in a research note on Monday, August 18th. Zacks Research raised Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Royal Bank Of Canada lifted their price target on Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. lowered their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 2nd. Finally, Scotiabank lifted their target price on Kilroy Realty from $37.00 to $40.00 and gave the company a “sector underperform” rating in a research note on Thursday, August 28th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have given a Sell rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Reduce” and an average target price of $38.45.

Kilroy Realty Trading Up 1.6%

Shares of KRC opened at $41.64 on Thursday. The business’s 50-day moving average price is $37.69 and its 200 day moving average price is $34.58. The stock has a market capitalization of $4.93 billion, a P/E ratio of 22.63 and a beta of 1.26. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $43.78. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. The firm 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%.Kilroy Realty’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Analysts expect that Kilroy Realty will post 4 earnings per share for the current year.

Insider Activity at Kilroy Realty

In related news, 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 completion of the sale, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, 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 value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares of the company’s stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CANADA LIFE ASSURANCE Co lifted its holdings in Kilroy Realty by 3.8% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 271,090 shares of the real estate investment trust’s stock worth $9,302,000 after purchasing an additional 9,886 shares during the last quarter. Corient Private Wealth LLC lifted its holdings in shares of Kilroy Realty by 47.1% during the second quarter. Corient Private Wealth LLC now owns 34,377 shares of the real estate investment trust’s stock worth $1,180,000 after buying an additional 11,003 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Kilroy Realty during the second quarter worth approximately $442,000. Route One Investment Company L.P. acquired a new position in shares of Kilroy Realty during the second quarter worth approximately $34,341,000. Finally, BNP Paribas Financial Markets lifted its holdings in shares of Kilroy Realty by 217.0% during the second quarter. BNP Paribas Financial Markets now owns 40,276 shares of the real estate investment trust’s stock worth $1,382,000 after buying an additional 27,570 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Company Profile

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.