Kilroy Realty (NYSE:KRC) Price Target Cut to $38.00

Kilroy Realty (NYSE:KRC) had its price objective lowered by Wells Fargo & Company from $39.00 to $38.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 8.02% from the company’s current price.

A number of other equities analysts have also recently commented on KRC. KeyCorp reduced their price target on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Scotiabank reduced their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $38.30.

Kilroy Realty Stock Up 1.3 %

KRC stock opened at $35.18 on Wednesday. The company has a market cap of $4.13 billion, a price-to-earnings ratio of 20.22 and a beta of 1.04. Kilroy Realty has a twelve month low of $26.78 and a twelve month high of $43.37. The business has a 50 day moving average price of $34.68 and a two-hundred day moving average price of $34.16. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91.

Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the consensus estimate of $1.08 by ($0.67). The firm had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 earnings per share. Analysts anticipate that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC raised its position in shares of Kilroy Realty by 6.4% in the fourth quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock valued at $196,000 after buying an additional 295 shares in the last quarter. Wiser Advisor Group LLC raised its holdings in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 305 shares in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kilroy Realty by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock valued at $2,444,000 after acquiring an additional 349 shares during the period. Mercer Global Advisors Inc. ADV grew its holdings in shares of Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 383 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Kilroy Realty by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after purchasing an additional 438 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

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.