Barclays Reiterates Equal Weight Rating for Kilroy Realty (NYSE:KRC)

Key Points

• Kilroy Realty (NYSE: KRC) has had its "Equal Weight" rating reaffirmed by Barclays, with a price target of $43.00, indicating a potential upside of 3.26%.
• The stock is currently trading at $41.64, and has shown growth with a recent 1.6% increase, supported by a solid quarterly earnings report that exceeded analysts' expectations.
• Analyst consensus on Kilroy Realty remains cautious, with a prevailing "Reduce" rating and an average target price of $38.45, despite varying target adjustments from other firms.

Kilroy Realty (NYSE:KRC - Get Free Report)'s stock had its "equal weight" rating restated by Barclays in a research report issued to clients and investors on Thursday, MarketBeat Ratings reports. They currently have a $43.00 price objective on the real estate investment trust's stock. Barclays's target price suggests a potential upside of 2.45% from the company's current price.

Other equities analysts have also issued reports about the company. Wells Fargo & Company boosted 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. Mizuho reduced their price target on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 14th. Royal Bank Of Canada upped their price target on shares of Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Scotiabank boosted their price target on shares of Kilroy Realty from $37.00 to $40.00 and gave the stock a "sector underperform" rating in a research note on Thursday, August 28th. Finally, BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 16th. Two equities research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average price target of $38.82.

Kilroy Realty Trading Down 1.7%

KRC traded down $0.72 during trading on Thursday, reaching $41.97. The company had a trading volume of 488,945 shares, compared to its average volume of 1,487,074. The company has a market cap of $4.96 billion, a price-to-earnings ratio of 22.85 and a beta of 1.25. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a 12-month low of $27.07 and a 12-month high of $43.78. The firm's 50-day simple moving average is $38.16 and its 200 day simple moving average is $34.76.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data 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. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same quarter last year, the business posted $1.10 earnings per share. The company's 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. Equities research analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Insider Activity

In other news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction dated Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, 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 position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the stock in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. This trade represents a 19.12% decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently modified their holdings of KRC. Nissay Asset Management Corp Japan ADV grew its position in shares of Kilroy Realty by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust's stock worth $512,000 after acquiring an additional 369 shares in the last quarter. US Bancorp DE grew its position in Kilroy Realty by 4.1% in the first quarter. US Bancorp DE now owns 10,077 shares of the real estate investment trust's stock worth $330,000 after acquiring an additional 397 shares in the last quarter. Parallel Advisors LLC grew its holdings in Kilroy Realty by 7.8% during the first quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock valued at $181,000 after purchasing an additional 401 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in Kilroy Realty by 36.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,888 shares of the real estate investment trust's stock worth $65,000 after buying an additional 502 shares during the period. Finally, Intrua Financial LLC grew its holdings in shares of Kilroy Realty by 8.3% during the first quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust's stock worth $220,000 after purchasing an additional 513 shares during the last quarter. 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.