Analysts Set Kilroy Realty Corp. (KRC) Target Price at $77.00
Kilroy Realty Corp. (NYSE:KRC) has earned a consensus rating of “Buy” from the thirteen research firms that are currently covering the firm. Five research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $76.90.
Several equities research analysts have weighed in on KRC shares. Zacks Investment Research raised Kilroy Realty Corp. from a “hold” rating to a “buy” rating and set a $79.00 target price on the stock in a research report on Wednesday, November 16th. Bank of America Corp. raised Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 target price on the stock in a research report on Friday, October 14th. Stifel Nicolaus increased their target price on Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a “buy” rating in a research report on Thursday, September 1st. BTIG Research started coverage on Kilroy Realty Corp. in a research report on Thursday, August 25th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Evercore ISI lowered Kilroy Realty Corp. from a “buy” rating to a “hold” rating and dropped their target price for the stock from $77.00 to $76.00 in a research report on Monday.
Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 72.34 on Monday. Kilroy Realty Corp. has a 52-week low of $46.76 and a 52-week high of $74.45. The company has a 50 day moving average of $70.63 and a 200 day moving average of $68.55. The stock has a market capitalization of $6.67 billion, a price-to-earnings ratio of 24.51 and a beta of 0.82.
Kilroy Realty Corp. (NYSE:KRC) last issued its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.87 by $0.05. Kilroy Realty Corp. had a return on equity of 8.94% and a net margin of 46.62%. The firm had revenue of $168.30 million for the quarter, compared to analyst estimates of $144.06 million. During the same period last year, the company earned $0.77 earnings per share. The firm’s revenue for the quarter was up 18.9% on a year-over-year basis. Analysts predict that Kilroy Realty Corp. will post $3.45 EPS for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Amica Retiree Medical Trust boosted its position in shares of Kilroy Realty Corp. by 91.8% in the third quarter. Amica Retiree Medical Trust now owns 1,630 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 780 shares in the last quarter. Solaris Asset Management LLC purchased a new position in shares of Kilroy Realty Corp. during the third quarter valued at $116,000. PNC Financial Services Group Inc. boosted its position in shares of Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 371 shares in the last quarter. CIBC Asset Management Inc purchased a new position in shares of Kilroy Realty Corp. during the third quarter valued at $201,000. Finally, Two Sigma Securities LLC purchased a new position in shares of Kilroy Realty Corp. during the third quarter valued at $205,000.
About Kilroy Realty Corp.
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
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