Kilroy Realty (NYSE:KRC) Stock Rating Upgraded by Scotiabank

Key Points

• Scotiabank has upgraded Kilroy Realty from a "sector underperform" rating to a "sector perform" rating, increasing its price target from $40.00 to $47.00.
• As of now, the stock has a consensus rating of "Hold" from analysts, with a current average price target of $39.45.
• Kilroy Realty's shares saw a slight increase of 1.4% on the trading day following the upgrade, opening at $44.22.

Kilroy Realty (NYSE:KRC - Get Free Report) was upgraded by investment analysts at Scotiabank from a "sector underperform" rating to a "sector perform" rating in a research note issued on Wednesday, Marketbeat reports. The firm presently has a $47.00 price target on the real estate investment trust's stock, up from their prior price target of $40.00. Scotiabank's target price would suggest a potential upside of 6.21% from the stock's previous close.

A number of other research firms have also recently issued reports on KRC. Barclays restated an "equal weight" rating and set a $43.00 price target on shares of Kilroy Realty in a 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 target price on the stock. in a report on Wednesday, July 16th. Mizuho cut their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, July 14th. Wells Fargo & Company increased their price target on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research report on Wednesday, August 27th. Finally, Royal Bank Of Canada lifted their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a report on Thursday, August 7th. Two investment analysts have rated the stock with a Buy rating, eight have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $39.45.

Kilroy Realty Price Performance

NYSE KRC traded down $0.19 during trading on Wednesday, hitting $44.25. 2,375,728 shares of the company's stock were exchanged, compared to its average volume of 1,364,847. 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 company has a market cap of $5.23 billion, a PE ratio of 24.05 and a beta of 1.26. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $44.89. The stock's 50 day moving average price is $39.59 and its two-hundred day moving average price is $35.31.

Kilroy Realty (NYSE:KRC - Get Free Report) last released 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. The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The firm's revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts expect that Kilroy Realty will post 4 EPS for the current year.

Insider Buying and Selling

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total transaction 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 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 the firm's stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the completion of the transaction, the chief accounting officer owned 26,435 shares in the company, valued at approximately $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 1.57% of the company's stock.

Institutional Trading of Kilroy Realty

A number of institutional investors have recently bought and sold shares of KRC. Nissay Asset Management Corp Japan ADV increased its position in shares of Kilroy Realty by 2.4% during the first quarter. Nissay Asset Management Corp Japan ADV now owns 15,632 shares of the real estate investment trust's stock worth $512,000 after purchasing an additional 369 shares in the last quarter. US Bancorp DE boosted its stake in shares of Kilroy Realty by 4.1% during the 1st 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 lifted its stake in Kilroy Realty by 7.8% in the 1st quarter. Parallel Advisors LLC now owns 5,539 shares of the real estate investment trust's stock valued at $181,000 after buying an additional 401 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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 valued at $65,000 after buying an additional 502 shares in the last quarter. Finally, Intrua Financial LLC lifted its stake in Kilroy Realty by 8.3% in the 1st quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust's stock valued at $220,000 after buying an additional 513 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other 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.