Kilroy Realty (NYSE:KRC) Price Target Raised to $40.00 at Scotiabank

Key Points

• Scotiabank has raised its price target for Kilroy Realty from $37.00 to $40.00, indicating a potential downside of 2.79% from the stock's previous close.
• The company has a current average rating of "Hold" from analysts, with three ratings as Buy, six as Hold, and three as Sell.
• Kilroy Realty's quarterly earnings surpassed estimates, reporting $1.13 earnings per share and revenue of $289.89 million, reflecting a year-over-year revenue increase of 3.3%.

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target hoisted by Scotiabank from $37.00 to $40.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has a "sector underperform" rating on the real estate investment trust's stock. Scotiabank's price target would suggest a potential downside of 2.79% from the company's previous close.

Other equities analysts have also recently issued research reports about the stock. JPMorgan Chase & Co. decreased their price objective on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research report on Wednesday, July 2nd. Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an "in-line" rating on the stock in a research report on Monday, August 18th. Royal Bank Of Canada boosted their price objective on shares of Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research report on Thursday, August 7th. The Goldman Sachs Group restated a "sell" rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Finally, Wells Fargo & Company increased their price target on shares of Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research note on Wednesday. Three equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and three have assigned a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $38.55.

Kilroy Realty Price Performance

Kilroy Realty stock remained flat at $41.15 during mid-day trading on Thursday. 268,565 shares of the company's stock traded hands, compared to its average volume of 1,493,304. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market cap of $4.87 billion, a PE ratio of 22.37 and a beta of 1.22. The business has a 50 day moving average of $37.02 and a 200 day moving average of $34.37. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $43.78.

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

Insider Buying and Selling

In related news, 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 sale, the executive vice president owned 43,826 shares in the company, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, 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 transaction of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares in the company, valued at $1,011,931.80. This represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.57% of the company's stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Norges Bank purchased a new stake in Kilroy Realty in the second quarter worth approximately $310,746,000. Rush Island Management LP bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $109,502,000. Daiwa Securities Group Inc. raised its position in shares of Kilroy Realty by 168.6% during the 2nd quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust's stock valued at $122,246,000 after purchasing an additional 2,236,539 shares during the period. Bamco Inc. NY bought a new stake in shares of Kilroy Realty during the 4th quarter valued at $58,747,000. Finally, Northern Trust Corp grew its stake in Kilroy Realty by 107.5% during the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust's stock valued at $84,802,000 after acquiring an additional 1,085,914 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company's stock.

Kilroy Realty 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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.

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