#7 - Kilroy Realty (NYSE:KRC)
Kilroy Realty (NYSE: KRC) - Real estate stocks are particularly sensitive to rises in interest rates, and Kilroy was reporting problems before the latest interest rate hike. Their stock fell almost 7% since it reached its 52-week high in July. It has stayed below its 50-day moving average. With a current stock price in the low 70s, the question is if investors will see the stock as fairly valued or undervalued. In a rising interest rate environment, it's fair to say there may still be room for the stock to drop. However, that's hard to say since it's been a while since the markets have had to truly factor in higher interest rates. The real estate investment trust (REIT) is scheduled to report earnings on October 24, where they forecasted an increase in earnings per share and revenue. However, analysts will be interested to see how the latest interest rate hike may affect their earnings report and impact future guidance. Investors looking for good news on this stock can point to its Funds from Operation (FFO) that suggests the majority of its $347 million in earnings are high-quality and recurring.
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.
Read More - Current Price
- $40.50
- Consensus Rating
- Hold
- Ratings Breakdown
- 3 Buy Ratings, 4 Hold Ratings, 1 Sell Ratings.
- Consensus Price Target
- $40.63 (0.3% Upside)
