Kilroy Realty Corporation (KRC) Earns Buy Rating from Stifel Nicolaus
Kilroy Realty Corporation (NYSE:KRC)‘s stock had its “buy” rating reaffirmed by research analysts at Stifel Nicolaus in a report issued on Thursday.
A number of other equities analysts also recently weighed in on the company. Zacks Investment Research downgraded Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. BidaskClub raised Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. BMO Capital Markets reissued a “buy” rating and set a $82.00 price target on shares of Kilroy Realty Corporation in a research report on Wednesday, April 5th. Finally, Deutsche Bank AG boosted their price target on Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a “hold” rating in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $79.20.
Shares of Kilroy Realty Corporation (NYSE KRC) traded down 0.16% during mid-day trading on Thursday, reaching $70.50. The company had a trading volume of 843,319 shares. The company has a market capitalization of $6.93 billion, a price-to-earnings ratio of 51.24 and a beta of 0.74. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The firm’s 50-day moving average is $73.97 and its 200 day moving average is $73.65.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. The firm had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.86 earnings per share. On average, equities research analysts predict that Kilroy Realty Corporation will post $1.29 earnings per share for the current year.
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In other news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $76.86, for a total value of $768,600.00. Following the transaction, the insider now owns 93,017 shares of the company’s stock, valued at $7,149,286.62. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.28% of the stock is currently owned by corporate insiders.
Several institutional investors have recently bought and sold shares of the stock. Teachers Advisors LLC increased its position in Kilroy Realty Corporation by 42.0% in the fourth quarter. Teachers Advisors LLC now owns 681,216 shares of the real estate investment trust’s stock valued at $49,879,000 after buying an additional 201,451 shares during the last quarter. Bank of Montreal Can boosted its stake in shares of Kilroy Realty Corporation by 707.1% in the first quarter. Bank of Montreal Can now owns 952,162 shares of the real estate investment trust’s stock valued at $68,632,000 after buying an additional 834,194 shares during the period. Capstone Asset Management Co. boosted its stake in shares of Kilroy Realty Corporation by 11.9% in the first quarter. Capstone Asset Management Co. now owns 10,322 shares of the real estate investment trust’s stock valued at $744,000 after buying an additional 1,100 shares during the period. Fox Run Management L.L.C. boosted its stake in shares of Kilroy Realty Corporation by 100.0% in the first quarter. Fox Run Management L.L.C. now owns 7,600 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 3,800 shares during the period. Finally, Louisiana State Employees Retirement System boosted its stake in shares of Kilroy Realty Corporation by 8.3% in the first quarter. Louisiana State Employees Retirement System now owns 24,700 shares of the real estate investment trust’s stock valued at $1,780,000 after buying an additional 1,900 shares during the period. 99.60% of the stock is currently owned by institutional investors.
About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A 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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