Wells Fargo & Company Forecasts Strong Price Appreciation for Kilroy Realty (NYSE:KRC) Stock

Key Points

• Wells Fargo & Company raised its target price for Kilroy Realty from $33.00 to $40.00, suggesting a potential downside of 1.57% based on current prices.
• As of now, Kilroy Realty has a consensus rating of "Hold" among analysts, with three Buy ratings, six Holds, and three Sells.
• In its latest quarter, Kilroy Realty reported $1.13 earnings per share, exceeding estimates of $1.01, with a revenue increase of 3.3% year-over-year.

Kilroy Realty (NYSE:KRC - Get Free Report) had its target price hoisted by research analysts at Wells Fargo & Company from $33.00 to $40.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "equal weight" rating on the real estate investment trust's stock. Wells Fargo & Company's target price would indicate a potential downside of 1.57% from the company's current price.

KRC has been the topic of several other reports. Mizuho dropped their price target on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. Zacks Research upgraded shares of Kilroy Realty to a "hold" rating in a research report on Friday, August 8th. Royal Bank Of Canada lifted their price target on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Thursday, August 7th. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a research note on Wednesday, July 16th. Finally, JPMorgan Chase & Co. dropped their price target on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Three equities research analysts have rated the stock with a Buy rating, six have given a Hold rating and three have issued a Sell rating to the stock. According to MarketBeat, Kilroy Realty has an average rating of "Hold" and a consensus target price of $38.27.

Kilroy Realty Stock Performance

KRC stock traded up $0.13 during mid-day trading on Wednesday, reaching $40.64. The company had a trading volume of 96,360 shares, compared to its average volume of 1,492,425. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78. The stock's 50-day simple moving average is $36.90 and its two-hundred day simple moving average is $34.32. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $4.81 billion, a P/E ratio of 22.12 and a beta of 1.22.

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 for the quarter, beating analysts' consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business had revenue of $289.89 million for the quarter, compared to analysts' expectations of $268.84 million. During the same period in the previous year, the business earned $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. Research analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Insider Activity

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty 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 transaction, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. The trade was a 19.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. This trade represents a 8.36% decrease in their position. 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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. American National Bank & Trust acquired a new stake in Kilroy Realty in the 2nd quarter worth approximately $25,000. Quaker Wealth Management LLC lifted its holdings in Kilroy Realty by 200.0% in the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust's stock worth $26,000 after purchasing an additional 1,510 shares during the last quarter. Allworth Financial LP lifted its holdings in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock worth $31,000 after purchasing an additional 634 shares during the last quarter. Harbor Asset Planning Inc. acquired a new stake in Kilroy Realty in the 2nd quarter worth approximately $34,000. Finally, UMB Bank n.a. lifted its holdings in Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust's stock worth $58,000 after purchasing an additional 534 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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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