Stocks of Kilroy Realty Corporation (NYSE:KRC) traded higher last session on Wall Street, up 1.86% to $38.98.
According to the data, Kilroy Realty Corporation (NYSE:KRC) has 16 analysts covering its stock. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $57.00 and a low of $38.00, we find $48.00. Given the previous closing price of $38.27, this indicates a potential upside of 25.42 percent. KRC stock price is now -4.91% away from the 50-day moving average and -26.16% away from the 200-day moving average. The market capitalization of the company currently stands at $4.57B.
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A total of 8 analysts have issued a hold rating and 7 have given it a buy rating. Brokers who have rated the stock have averaged $48.07 as their price target over the next twelve months.
With the price target reduced from $48 to $39, Jefferies Downgraded its rating from Buy to Hold for Kilroy Realty Corporation (NYSE: KRC). On October 10, 2022, Robert W. Baird Downgraded its previous ‘Outperform’ rating to ‘Neutral’ on the stock keeping its target price maintained at $49, while ‘Citigroup’ rates the stock as ‘Neutral’.
In other news, Osmond John, EVP, Head of Asset Management sold 1,000 shares of the company’s stock on May 12. The stock was sold for $60,080 at an average price of $60.08. Upon completion of the transaction, the EVP, Head of Asset Management now directly owns 11,749 shares in the company, valued at $0.46 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Mar 09, See Remarks Paratte A. Robert sold 3,425 shares of the business’s stock. A total of $250,984 was realized by selling the stock at an average price of $73.28. This leaves the insider owning 27,210 shares of the company worth $1.06 million. Insiders disposed of 267,304 shares of company stock worth roughly $10.42 million over the past 1 year. A total of 1.30% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in KRC stock. A new stake in Kilroy Realty Corporation shares was purchased by PGGM INVESTMENTS during the first quarter worth $74,806,000. RUSH ISLAND MANAGEMENT, LP invested $18,725,000 in shares of KRC during the first quarter. In the first quarter, GREAT WEST LIFE ASSURANCE CO /CAN/ acquired a new stake in Kilroy Realty Corporation valued at approximately $6,360,000. JANE STREET GROUP, LLC acquired a new stake in KRC for approximately $3,012,000. AMALGAMATED FINANCIAL CORP. purchased a new stake in KRC valued at around $2,920,000 in the second quarter.
Wednesday’s opening bell rang with an opening price of $38.98 for Kilroy Realty Corporation (NYSE: KRC). During the past 12 months, Kilroy Realty Corporation has had a low of $37.57 and a high of $79.06. The fifty day moving average price for KRC is $40.99 and a two-hundred day moving average price translates $52.79 for the stock.
The latest earnings results from Kilroy Realty Corporation (NYSE: KRC) was released for Sep, 2022. According to the REIT – Office Company, earnings per share came in at $0.68, beating analysts’ expectations of $0.38 by 0.3. This compares to $0.40 EPS in the same period last year. The net profit margin was 21.10% and return on equity was 4.20% for KRC. The company reported revenue of $275.96 million for the quarter, compared to $232.33 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 18.78 percent. For the current quarter, analysts expect KRC to generate $267.48M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 01/11/2023. Investors who held shares on 12/30/2022 were paid a $0.54 dividend. On an annualized basis, this represents a $2.16 dividend and a 5.54% percent yield. There was an ex-dividend date of 12/29/2022 for this dividend. In terms of dividend payout ratio, KRC is presently at 107.30%.
Kilroy Realty Corporation(KRC) Company Profile
Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased. The company also had 808 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 85.0% and 37.5%, respectively. In addition, KRC had seven in-process development projects with an estimated total investment of $1.9 billion, totaling approximately 2.3 million square feet of office and life science space. The office and life science space was 90% leased.
