Kilroy Realty (NYSE:KRC) Sets New 12-Month High at $85.17

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.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.93 by ($0.52). Kilroy Realty had a net margin of 35.04% and a return on equity of 6.62%. The firm had revenue of $215.53 million during the quarter, compared to analysts’ expectations of $205.99 million. During the same period in the previous year, the firm earned $0.90 EPS. The firm’s revenue was up 15.5% on a year-over-year basis. Sell-side analysts predict that Kilroy Realty Corp will post 3.86 earnings per share for the current year.

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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