Kilroy Realty (NYSE:KRC - Get Free Report) had its price target decreased by stock analysts at Royal Bank of Canada from $44.00 to $39.00 in a note issued to investors on Monday,Benzinga reports. The brokerage presently has a "sector perform" rating on the real estate investment trust's stock. Royal Bank of Canada's target price would indicate a potential upside of 18.49% from the stock's previous close.
Other research analysts also recently issued research reports about the company. Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and lifted their price target for the stock from $42.00 to $44.00 in a research note on Thursday, February 27th. Evercore ISI cut their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Mizuho reaffirmed a "neutral" rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. The Goldman Sachs Group dropped their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and upped their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, Kilroy Realty has an average rating of "Hold" and a consensus price target of $40.73.
Read Our Latest Stock Analysis on Kilroy Realty
Kilroy Realty Price Performance
KRC traded up $0.45 on Monday, hitting $32.92. 3,593,746 shares of the company were exchanged, compared to its average volume of 1,520,544. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The firm has a market capitalization of $3.89 billion, a P/E ratio of 18.60 and a beta of 1.02. The business's fifty day moving average is $36.52 and its 200 day moving average is $38.44.
Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, sell-side analysts anticipate that Kilroy Realty will post 4 EPS for the current year.
Insiders Place Their Bets
In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the company's stock in a transaction that occurred on Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company's stock, valued at $99,153.65. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.49% of the company's stock.
Institutional Trading of Kilroy Realty
A number of hedge funds have recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB purchased a new position in shares of Kilroy Realty during the 3rd quarter worth about $34,000. Summit Securities Group LLC acquired a new position in Kilroy Realty during the fourth quarter worth approximately $49,000. GAMMA Investing LLC raised its stake in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after purchasing an additional 374 shares during the period. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the 4th quarter valued at $82,000. Finally, Fifth Third Bancorp grew its stake in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock valued at $102,000 after buying an additional 607 shares during the period. 94.22% of the stock is owned by institutional investors and hedge funds.
About Kilroy Realty
(
Get Free Report)
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.
See Also
Before you consider Kilroy Realty, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kilroy Realty wasn't on the list.
While Kilroy Realty currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
