Kilroy Realty (NYSE:KRC) PT Lowered to $38.00 at Wells Fargo & Company

Kilroy Realty (NYSE:KRC) had its target price decreased by Wells Fargo & Company from $39.00 to $38.00 in a research report released on Wednesday morning, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the real estate investment trust’s stock.

A number of other analysts have also recently weighed in on KRC. Scotiabank lowered their price objective on Kilroy Realty from $41.00 to $38.00 and set a sector perform rating for the company in a research report on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their target price on Kilroy Realty from $40.00 to $34.00 and set a hold rating for the company in a research note on Thursday, May 30th. Finally, KeyCorp reduced their target price on Kilroy Realty from $45.00 to $42.00 and set an overweight rating for the company in a research note on Tuesday, July 2nd. Six equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kilroy Realty has a consensus rating of Hold and a consensus price target of $38.30.

Kilroy Realty Stock Up 4.0 %

Kilroy Realty stock opened at $36.59 on Wednesday. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The stock has a market capitalization of $4.30 billion, a price-to-earnings ratio of 21.03 and a beta of 1.04. Kilroy Realty has a 1-year low of $26.78 and a 1-year high of $43.37. The business has a fifty day moving average price of $34.79 and a 200-day moving average price of $34.17.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the previous year, the business earned $1.19 EPS. Equities research analysts forecast that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently bought and sold shares of KRC. International Assets Investment Management LLC purchased a new stake in Kilroy Realty in the 4th quarter worth approximately $397,000. Truist Financial Corp boosted its position in Kilroy Realty by 93.8% in the 4th quarter. Truist Financial Corp now owns 18,728 shares of the real estate investment trust’s stock worth $746,000 after purchasing an additional 9,065 shares in the last quarter. Victory Capital Management Inc. boosted its position in Kilroy Realty by 92.4% in the 4th quarter. Victory Capital Management Inc. now owns 43,109 shares of the real estate investment trust’s stock worth $1,717,000 after purchasing an additional 20,706 shares in the last quarter. Principal Securities Inc. purchased a new stake in Kilroy Realty in the 4th quarter worth approximately $33,000. Finally, BNP Paribas Financial Markets boosted its position in Kilroy Realty by 49.6% in the 4th quarter. BNP Paribas Financial Markets now owns 212,797 shares of the real estate investment trust’s stock worth $8,478,000 after purchasing an additional 70,576 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.