Wells Fargo & Company Trims Kilroy Realty (NYSE:KRC) Target Price to $38.00

Kilroy Realty (NYSE:KRC) had its target price decreased by Wells Fargo & Company from $39.00 to $38.00 in a research note issued to investors on Wednesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

KRC has been the subject of a number of other reports. Deutsche Bank Aktiengesellschaft cut their target price on Kilroy Realty from $40.00 to $34.00 and set a hold rating for the company in a research report on Thursday, May 30th. KeyCorp cut their price objective on Kilroy Realty from $45.00 to $42.00 and set an overweight rating for the company in a report on Tuesday, July 2nd. Finally, Scotiabank lowered their target price 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. Six research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of Hold and an average target price of $38.30.

Kilroy Realty Trading Up 1.2 %

NYSE:KRC opened at $34.72 on Wednesday. The stock has a market cap of $4.08 billion, a price-to-earnings ratio of 19.95 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. Kilroy Realty has a 1 year low of $26.78 and a 1 year high of $43.37. The business has a fifty day moving average of $34.63 and a 200-day moving average of $34.15.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The company had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business’s quarterly revenue was down 1.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.19 EPS. Equities analysts predict that Kilroy Realty will post 4.25 earnings per share for the current year.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently bought and sold shares of the stock. Norges Bank purchased a new position in shares of Kilroy Realty in the fourth quarter worth approximately $360,831,000. Janus Henderson Group PLC grew its position in Kilroy Realty by 2,767.7% during the 1st quarter. Janus Henderson Group PLC now owns 1,648,027 shares of the real estate investment trust’s stock worth $59,991,000 after purchasing an additional 1,590,558 shares in the last quarter. PGGM Investments lifted its holdings in shares of Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after purchasing an additional 1,385,692 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its position in shares of Kilroy Realty by 18.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after buying an additional 487,556 shares during the period. Finally, Sei Investments Co. grew its holdings in shares of Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock valued at $25,266,000 after buying an additional 403,807 shares in the last quarter. Institutional investors and hedge funds 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.