Brokerages Set Kilroy Realty Co. (NYSE:KRC) Target Price at $38.33

Shares of Kilroy Realty Co. (NYSE:KRC) have been assigned a consensus recommendation of “Hold” from the nine analysts that are currently covering the firm, MarketBeat Ratings reports. Five analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $38.33.

Several equities analysts have recently weighed in on the stock. Scotiabank decreased their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft lowered their target price on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a report on Thursday, May 30th. Finally, KeyCorp cut 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.

Hedge Funds Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of the business. Parallel Advisors LLC raised its holdings in Kilroy Realty by 6.4% in the 4th 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 during the period. Wiser Advisor Group LLC lifted its holdings in shares of 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 worth $28,000 after acquiring an additional 305 shares during the last quarter. State of Alaska Department of Revenue boosted 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 worth $2,444,000 after purchasing an additional 349 shares during the period. Mercer Global Advisors Inc. ADV increased its holdings in Kilroy Realty by 6.0% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock valued at $210,000 after purchasing an additional 383 shares during the last quarter. Finally, Ballentine Partners LLC raised its position in Kilroy Realty by 2.7% in the first quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock valued at $612,000 after purchasing an additional 438 shares during the period. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Performance

KRC stock opened at $35.24 on Monday. Kilroy Realty has a 12-month low of $26.78 and a 12-month high of $43.37. The business’s 50-day moving average is $34.24 and its 200 day moving average is $34.20. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 20.25 and a beta of 1.04.

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