Barclays Increases Kilroy Realty (NYSE:KRC) Price Target to $44.00

Kilroy Realty (NYSE:KRC) had its target price raised by research analysts at Barclays from $38.00 to $44.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target suggests a potential upside of 6.54% from the stock’s previous close.

KRC has been the subject of several other research reports. Wells Fargo & Company decreased their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Evercore ISI increased their target price on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a research note on Monday, September 16th. Scotiabank lowered their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a report on Wednesday, August 7th. Finally, KeyCorp reduced their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Six research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $39.29.

Kilroy Realty Stock Performance

NYSE KRC opened at $41.30 on Monday. The company has a fifty day moving average of $38.09 and a two-hundred day moving average of $35.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. Kilroy Realty has a 1 year low of $27.39 and a 1 year high of $43.78. The company has a market capitalization of $4.85 billion, a PE ratio of 23.74 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the prior year, the business earned $1.12 EPS. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. As a group, analysts expect that Kilroy Realty will post 4.25 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at $352,720. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Trading of Kilroy Realty

Several institutional investors and hedge funds have recently modified their holdings of KRC. Wiser Advisor Group LLC raised its position in shares of Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 305 shares during the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kilroy Realty by 0.5% in the first 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 in the last quarter. GAMMA Investing LLC boosted its stake in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 371 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in 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 raised its stake in Kilroy Realty by 3.2% in the 2nd quarter. Ballentine Partners LLC now owns 17,339 shares of the real estate investment trust’s stock valued at $540,000 after purchasing an additional 530 shares during the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.