Kilroy Realty (NYSE:KRC) Hits New 1-Year High - Time to Buy?

Key Points

• Kilroy Realty reached a new 52-week high of $44.93, reflecting strong trading activity with a volume of 46,183 shares.
• The company reported $1.13 earnings per share for the last quarter, surpassing analyst expectations and showing a 3.3% increase in year-over-year quarterly revenue.
• Analysts currently have a consensus rating of "Hold" on Kilroy Realty, with a consensus target price of $39.45.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report)'s stock price reached a new 52-week high on Tuesday . The stock traded as high as $44.93 and last traded at $44.86, with a volume of 46183 shares trading hands. The stock had previously closed at $44.34.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. JPMorgan Chase & Co. dropped their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a report on Friday, August 8th. Wells Fargo & Company lifted their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a report on Wednesday, August 27th. The Goldman Sachs Group reiterated a "sell" rating and set a $33.00 price target on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, Barclays reiterated an "equal weight" rating and set a $43.00 price target on shares of Kilroy Realty in a report on Thursday, September 4th. Two analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $39.45.

Kilroy Realty Price Performance

The company's 50-day moving average is $39.73 and its 200-day moving average is $35.41. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. The firm has a market capitalization of $5.32 billion, a price-to-earnings ratio of 24.42 and a beta of 1.25.

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

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 8th. Investors of record on Tuesday, September 30th will be given a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 4.8%. Kilroy Realty's dividend payout ratio (DPR) is currently 117.39%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares of the company's stock, valued at $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer directly owned 26,435 shares in the company, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Osaic Holdings Inc. lifted its position in Kilroy Realty by 84.1% during the second quarter. Osaic Holdings Inc. now owns 7,310 shares of the real estate investment trust's stock valued at $250,000 after buying an additional 3,339 shares in the last quarter. CANADA LIFE ASSURANCE Co lifted its position in Kilroy Realty by 3.8% during the second quarter. CANADA LIFE ASSURANCE Co now owns 271,090 shares of the real estate investment trust's stock valued at $9,302,000 after buying an additional 9,886 shares in the last quarter. Corient Private Wealth LLC lifted its position in Kilroy Realty by 47.1% during the second quarter. Corient Private Wealth LLC now owns 34,377 shares of the real estate investment trust's stock valued at $1,180,000 after buying an additional 11,003 shares in the last quarter. Captrust Financial Advisors acquired a new position in Kilroy Realty during the second quarter valued at approximately $442,000. Finally, Route One Investment Company L.P. acquired a new position in Kilroy Realty during the second quarter valued at approximately $34,341,000. 94.22% of the stock is 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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