Kilroy Realty Corporation (NYSE:KRC) Given Consensus Recommendation of "Reduce" by Analysts

Key Points

• Kilroy Realty Corporation (NYSE:KRC) has received a consensus rating of "Reduce" from analysts, with three sell, seven hold, and two buy recommendations.
• The average 12-month price target for Kilroy Realty stock among brokerages is $38.82, with Goldman Sachs setting a price objective of $33.00 and Evercore ISI increasing theirs to $46.00.
• In the latest earnings report, Kilroy Realty reported $1.13 EPS, surpassing expectations, with revenue of $289.89 million for the quarter, a 3.3% increase from the previous year.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) has received a consensus rating of "Reduce" from the twelve analysts that are presently covering the company, MarketBeat.com reports. Three analysts have rated the stock with a sell recommendation, seven have issued a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $38.8182.

Several analysts have issued reports on KRC shares. The Goldman Sachs Group restated a "sell" rating and set a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday, August 21st. Barclays reiterated an "equal weight" rating and set a $43.00 price target on shares of Kilroy Realty in a research report on Thursday, September 4th. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research report on Wednesday, July 16th. Evercore ISI increased their price target on Kilroy Realty from $42.00 to $46.00 and gave the stock an "in-line" rating in a research report on Monday. Finally, Wells Fargo & Company increased their price target on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th.

Kilroy Realty Trading Up 2.2%

Shares of NYSE KRC opened at $43.02 on Friday. The stock's 50 day moving average price is $38.60 and its two-hundred day moving average price is $34.93. Kilroy Realty has a 52-week low of $27.07 and a 52-week high of $43.78. The stock has a market capitalization of $5.09 billion, a P/E ratio of 23.38 and a beta of 1.26. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Kilroy Realty's revenue for the quarter was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of the firm's stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the completion of the sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by corporate insiders.

Institutional Trading of Kilroy Realty

Several large investors have recently added to or reduced their stakes in KRC. American National Bank & Trust bought a new stake in shares of Kilroy Realty during the 2nd quarter worth $25,000. Quaker Wealth Management LLC boosted its position in shares of Kilroy Realty by 200.0% in the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust's stock worth $26,000 after buying an additional 1,510 shares during the period. Allworth Financial LP boosted its position in shares of Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after buying an additional 634 shares during the period. Harbor Asset Planning Inc. acquired a new stake in shares of Kilroy Realty in the second quarter worth $34,000. Finally, UMB Bank n.a. boosted its position in shares of Kilroy Realty by 46.0% in the second quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after buying an additional 534 shares during the period. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.

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