In yesterday’s Wall Street session, Kilroy Realty Corporation (NYSE:KRC) shares traded at $35.14, down -1.57% from the previous session.
13 analysts cover Kilroy Realty Corporation (NYSE:KRC), according to research data. The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $48.00 and a low of $29.00, we find $39.00. Given the previous closing price of $35.70, this indicates a potential upside of 9.24 percent. KRC stock price is now 14.64% away from the 50-day moving average and -0.13% away from the 200-day moving average. The market capitalization of the company currently stands at $4.03B.
The stock has received a hold rating from 7 analysts and a buy rating from 6. Brokers who have rated the stock have averaged $38.42 as their price target over the next twelve months.
Insiders disposed of 361,986 shares of company stock worth roughly $12.72 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 WATERFRONT CAPITAL PARTNERS, LLC during the first quarter worth $20,781,000. DAVIDSON KEMPNER PARTNERS invested $15,959,000 in shares of KRC during the first quarter. In the first quarter, ALYESKA INVESTMENT GROUP, L.P. acquired a new stake in Kilroy Realty Corporation valued at approximately $7,702,000. M&G INVESTMENT MANAGEMENT LTD acquired a new stake in KRC for approximately $5,600,000. MAN GROUP PLC purchased a new stake in KRC valued at around $4,317,000 in the second quarter. In total, there are 434 active investors with 106.79% ownership of the company’s stock.
On Tuesday morning Kilroy Realty Corporation (NYSE: KRC) stock kicked off with the opening price of $36.17. During the past 12 months, Kilroy Realty Corporation has had a low of $25.99 and a high of $54.22. The fifty day moving average price for KRC is $30.82 and a two-hundred day moving average price translates $35.16 for the stock.
The latest earnings results from Kilroy Realty Corporation (NYSE: KRC) was released for Jun, 2023. According to the REIT – Office Company, earnings per share came in at $0.47, beating analysts’ expectations of $0.36 by 0.11. This compares to $0.45 EPS in the same period last year. The net profit margin was 20.90% and return on equity was 4.30% for KRC. The company reported revenue of $292.8 million for the quarter, compared to $265.5 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 10.28 percent. For the current quarter, analysts expect KRC to generate $277.82M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/12/2023. Investors who held shares on 06/30/2023 were paid a $0.54 dividend. On an annualized basis, this represents a $2.16 dividend and a 6.15% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, KRC is presently at 105.40%.
Kilroy Realty Corporation(KRC) 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, the Pacific Northwest and Austin, Texas. 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 and productivity for some of the world’s leading technology, entertainment, life science and business services companies. The company 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, life science and mixed-use projects. As of March 31, 2023, Kilroy’s stabilized portfolio totaled approximately 16.2 million square feet of primarily office and life science space that was 89.6% occupied and 91.6% leased. The company also had more than 1,000 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 93.4%. In addition, the company had two in-process life science redevelopment projects with total estimated redevelopment costs of $80.0 million, totaling approximately 100,000 square feet, and three in-process development projects with an estimated total investment of $1.7 billion, totaling approximately 1.7 million square feet of office and life science space. The in-process development and redevelopment office and life science space is 34% leased.
