Weiss Ratings Reiterates "Hold (C+)" Rating for Kilroy Realty (NYSE:KRC)

Key Points

• Weiss Ratings has reaffirmed its "Hold (C+)" rating for Kilroy Realty (NYSE: KRC), reflecting cautious sentiment from analysts.
• Following several recent analyst reports, the consensus rating for Kilroy Realty is a "Hold" with a price target averaging $39.45.
• Kilroy Realty reported earnings of $1.13 per share for the last quarter, exceeding expectations and showing a 3.3% increase in revenue compared to the previous year.

Kilroy Realty (NYSE:KRC - Get Free Report)'s stock had its "hold (c+)" rating reissued by analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

KRC has been the subject of several other reports. Wells Fargo & Company upped 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. JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a report on Wednesday, July 2nd. BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective for the company. in a report on Wednesday, July 16th. The Goldman Sachs Group restated a "sell" rating and issued a $33.00 price objective on shares of Kilroy Realty in a report on Thursday, August 21st. Finally, Mizuho decreased their price objective on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, July 14th. Two analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, Kilroy Realty has a consensus rating of "Hold" and a consensus price target of $39.45.

Kilroy Realty Stock Down 0.8%

Shares of NYSE:KRC opened at $41.40 on Wednesday. The company has a fifty day moving average of $41.02 and a 200-day moving average of $36.13. The company has a market capitalization of $4.90 billion, a PE ratio of 22.50 and a beta of 1.24. 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 52-week low of $27.07 and a 52-week high of $45.03.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly 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. The company 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 company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, equities analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kilroy Realty news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction 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 sale, the executive vice president owned 43,826 shares of the company's stock, 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 legal filing with the SEC, which can be accessed through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of the company's stock in a transaction 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 sale, the chief accounting officer directly owned 26,435 shares in the company, 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 1.57% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently made changes to their positions in KRC. GAMMA Investing LLC boosted its position in shares of Kilroy Realty by 2,913.6% during the 1st quarter. GAMMA Investing LLC now owns 55,692 shares of the real estate investment trust's stock worth $1,700,000 after purchasing an additional 53,844 shares in the last quarter. SG Americas Securities LLC boosted its position in shares of Kilroy Realty by 885.8% during the 1st quarter. SG Americas Securities LLC now owns 68,973 shares of the real estate investment trust's stock worth $2,260,000 after purchasing an additional 61,976 shares in the last quarter. Fifth Third Bancorp boosted its position in shares of Kilroy Realty by 70.4% during the 1st quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock worth $141,000 after purchasing an additional 1,775 shares in the last quarter. Hanson & Doremus Investment Management boosted its position in shares of Kilroy Realty by 6.7% during the 1st quarter. Hanson & Doremus Investment Management now owns 101,750 shares of the real estate investment trust's stock worth $3,333,000 after purchasing an additional 6,375 shares in the last quarter. Finally, CWA Asset Management Group LLC boosted its position in shares of Kilroy Realty by 55.2% during the 1st quarter. CWA Asset Management Group LLC now owns 23,335 shares of the real estate investment trust's stock worth $764,000 after purchasing an additional 8,297 shares in the last quarter. Institutional investors own 94.22% of the company's stock.

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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