Kilroy Realty Corp. (KRC) Trading Up 2.3%
Kilroy Realty Corp. (NYSE:KRC) was up 2.3% during mid-day trading on Wednesday . The stock traded as high as $73.13 and last traded at $72.37, with a volume of 604,057 shares. The stock had previously closed at $70.77.
Several equities research analysts recently issued reports on KRC shares. Stifel Nicolaus increased their price objective on Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a research note on Thursday. DA Davidson upped their target price on Kilroy Realty Corp. from $70.00 to $78.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 27th. Robert W. Baird reaffirmed a “buy” rating on shares of Kilroy Realty Corp. in a research report on Monday, May 16th. Citigroup Inc. upped their target price on Kilroy Realty Corp. from $71.00 to $76.00 and gave the stock a “neutral” rating in a research report on Friday, July 29th. Finally, Zacks Investment Research lowered Kilroy Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Five analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $75.75.
The firm’s 50 day moving average is $71.20 and its 200 day moving average is $64.04. The firm has a market capitalization of $6.63 billion and a PE ratio of 20.53.
Kilroy Realty Corp. (NYSE:KRC) last released its earnings results on Monday, July 25th. The real estate investment trust reported $0.86 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.01. The company earned $160.10 million during the quarter, compared to analyst estimates of $140.64 million. During the same period in the prior year, the firm posted $0.82 EPS. Kilroy Realty Corp.’s revenue was up 9.5% compared to the same quarter last year. Analysts forecast that Kilroy Realty Corp. will post $3.41 earnings per share for the current year.
A hedge fund recently raised its stake in Kilroy Realty Corp. stock. Utah Retirement Systems raised its position in Kilroy Realty Corp. (NYSE:KRC) by 0.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,550 shares of the real estate investment trust’s stock after buying an additional 100 shares during the period. Utah Retirement Systems’ holdings in Kilroy Realty Corp. were worth $1,174,000 at the end of the most recent reporting period.
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
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