Kilroy Realty Corp (NYSE:KRC) reached a new 52-week high during trading on Wednesday . The company traded as high as $85.17 and last traded at $84.95, with a volume of 2622 shares trading hands. The stock had previously closed at $84.00.
A number of equities research analysts have recently commented on KRC shares. Robert W. Baird set a $91.00 target price on shares of Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. BTIG Research set a $89.00 price target on Kilroy Realty and gave the stock a “buy” rating in a report on Friday, October 18th. BMO Capital Markets restated a “buy” rating and issued a $84.00 price target on shares of Kilroy Realty in a research report on Thursday, October 24th. Deutsche Bank reduced their price objective on Kilroy Realty from $89.00 to $86.00 and set a “hold” rating for the company in a research note on Thursday, October 10th. Finally, Argus reaffirmed a “buy” rating and set a $32.00 price objective (up from $30.00) on shares of Kilroy Realty in a research report on Wednesday, November 13th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kilroy Realty currently has a consensus rating of “Buy” and an average price target of $80.44.
The company has a market cap of $8.82 billion, a price-to-earnings ratio of 24.17, a PEG ratio of 2.90 and a beta of 0.74. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.73. The company’s 50 day moving average price is $81.91 and its 200 day moving average price is $78.16.
In other Kilroy Realty news, CFO Tyler H. Rose sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $84.41, for a total transaction of $422,050.00. Following the transaction, the chief financial officer now owns 121,508 shares in the company, valued at approximately $10,256,490.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO John B. Kilroy, Jr. sold 14,780 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $84.32, for a total value of $1,246,249.60. Following the transaction, the chief executive officer now directly owns 1,071,143 shares of the company’s stock, valued at $90,318,777.76. The disclosure for this sale can be found here. In the last 90 days, insiders sold 19,905 shares of company stock valued at $1,678,018. 2.26% of the stock is owned by insiders.
Several institutional investors have recently bought and sold shares of KRC. Quantum Capital Management purchased a new position in Kilroy Realty in the third quarter worth $53,000. Bailard Inc. purchased a new position in shares of Kilroy Realty in the 2nd quarter valued at about $214,000. BB&T Securities LLC lifted its stake in shares of Kilroy Realty by 11.8% in the second quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 316 shares during the period. Natixis lifted its stake in shares of Kilroy Realty by 16.2% in the second quarter. Natixis now owns 3,346 shares of the real estate investment trust’s stock valued at $247,000 after purchasing an additional 466 shares during the period. Finally, Panagora Asset Management Inc. lifted its stake in shares of Kilroy Realty by 172.5% in the second quarter. Panagora Asset Management Inc. now owns 3,523 shares of the real estate investment trust’s stock valued at $260,000 after purchasing an additional 2,230 shares during the period. Hedge funds and other institutional investors own 96.64% of the company’s stock.
Kilroy Realty Company Profile (NYSE:KRC)
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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