Kilroy Realty Co. (NYSE:KRC) Receives Consensus Rating of “Hold” from Analysts

Kilroy Realty Co. (NYSE:KRC) has received a consensus recommendation of “Hold” from the nine research firms that are presently covering the company, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $38.33.

A number of research analysts have weighed in on KRC shares. Deutsche Bank Aktiengesellschaft dropped their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research note on Thursday, May 30th. Scotiabank decreased their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Finally, KeyCorp dropped their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a report on Tuesday, July 2nd.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently made changes to their positions in KRC. Centersquare Investment Management LLC increased its holdings in Kilroy Realty by 1.0% during the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after buying an additional 24,855 shares during the last quarter. Sei Investments Co. increased its stake in shares of Kilroy Realty by 139.4% during the 1st quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after purchasing an additional 403,807 shares during the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kilroy Realty by 33.8% during the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 33,857 shares during the last quarter. APG Asset Management US Inc. raised its holdings in shares of Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock worth $214,369,000 after purchasing an additional 255,835 shares during the period. Finally, Norges Bank purchased a new position in Kilroy Realty in the fourth quarter valued at approximately $360,831,000. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $34.82 on Monday. The business has a 50-day simple moving average of $34.47 and a 200 day simple moving average of $34.19. Kilroy Realty has a one year low of $26.78 and a one year high of $43.37. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The firm has a market capitalization of $4.09 billion, a price-to-earnings ratio of 20.01 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. During the same period in the previous year, the company earned $1.19 earnings per share. Kilroy Realty’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, research analysts anticipate that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

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.