Kilroy Realty (NYSE:KRC) Sets New 52-Week High - Still a Buy?

Key Points

• Kilroy Realty Corporation reached a new 52-week high of $43.80 in trading, reflecting increased market interest as the stock last traded at $43.45.
• Several brokerages have upgraded their price targets for KRC, with Evercore ISI raising it to $46.00 and Barclays setting it at $43.00, indicating confidence in the company's performance.
• Kilroy Realty reported earnings per share of $1.13, exceeding analysts' estimates and showing a revenue increase year-over-year, while maintaining a robust market capitalization of $5.13 billion.

Shares of Kilroy Realty Corporation (NYSE:KRC - Get Free Report) hit a new 52-week high during trading on Tuesday . The company traded as high as $43.80 and last traded at $43.45, with a volume of 40959 shares trading hands. The stock had previously closed at $43.60.

Analysts Set New Price Targets

A number of brokerages have recently commented on KRC. Evercore ISI lifted their price target on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a research note on Monday, September 8th. Barclays reissued an "equal weight" rating and set a $43.00 price target on shares of Kilroy Realty in a research note on Thursday, September 4th. Zacks Research raised Kilroy Realty to a "hold" rating in a research note on Friday, August 8th. Wells Fargo & Company lifted their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Finally, Royal Bank Of Canada lifted their price target on Kilroy Realty from $39.00 to $40.00 and gave the company a "sector perform" rating in a research note on Thursday, August 7th. Two equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have issued a Sell rating to the company's stock. According to MarketBeat.com, Kilroy Realty presently has a consensus rating of "Reduce" and an average target price of $38.82.

Kilroy Realty Stock Down 0.5%

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 company has a market capitalization of $5.13 billion, a P/E ratio of 23.59 and a beta of 1.25. The stock has a 50-day moving average price of $38.94 and a 200-day moving average price of $35.04.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. During the same period last year, the company earned $1.10 earnings per share. The firm's revenue 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, research analysts predict that Kilroy Realty Corporation will post 4 EPS for the current fiscal year.

Insider Buying and Selling

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 stock was 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 directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was 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 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 stock was sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at approximately $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On Kilroy Realty

A number of hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Kilroy Realty during the second quarter valued at approximately $310,746,000. State Street Corp increased its holdings in shares of Kilroy Realty by 1.2% during the second quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust's stock valued at $203,514,000 after acquiring an additional 67,546 shares in the last quarter. APG Asset Management US Inc. increased its holdings in shares of Kilroy Realty by 5.3% during the first quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust's stock valued at $151,521,000 after acquiring an additional 230,236 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in shares of Kilroy Realty by 168.6% during the second 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 acquiring an additional 2,236,539 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. increased its holdings in shares of Kilroy Realty by 3.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust's stock valued at $101,671,000 after acquiring an additional 99,567 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

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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