Kilroy Realty (NYSE:KRC) Stock Gets Price Target Trim from Wells Fargo & Company

Kilroy Realty (NYSE:KRC) had its price target reduced by research analysts at Wells Fargo & Company from $38.00 to $36.00 in a report issued on Monday, Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s target price suggests a potential downside of 1.79% from the stock’s previous close.

KRC has been the topic of a number of other reports. Scotiabank cut their price target on Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Barclays upped their price objective on Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, July 21st. Wall Street Zen upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings downgraded shares of Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, October 26th. Finally, Citigroup boosted their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a report on Thursday, July 30th. Four analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $38.54.

Kilroy Realty Price Performance

Kilroy Realty stock traded up $0.58 during mid-day trading on Monday, reaching $36.66. The company had a trading volume of 28,026 shares, compared to its average volume of 1,744,555. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.81. Kilroy Realty has a fifty-two week low of $27.36 and a fifty-two week high of $43.58. The company has a market cap of $4.26 billion, a P/E ratio of 152.27 and a beta of 1.16. The business has a fifty day simple moving average of $35.13 and a 200 day simple moving average of $34.55.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The business had revenue of $271.60 million for the quarter, compared to analyst estimates of $268.02 million. During the same quarter in the previous year, the company posted $1.08 EPS. Kilroy Realty’s quarterly revenue was down 2.9% compared to the same quarter last year. On average, equities research analysts predict that Kilroy Realty will post 3.58 earnings per share for the current year.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors have recently made changes to their positions in the stock. Pension & Wealth Management Advisors Inc. bought a new position in shares of Kilroy Realty during the third quarter worth about $33,000. IFP Advisors Inc lifted its stake in shares of Kilroy Realty by 247.7% in the second quarter. IFP Advisors Inc now owns 1,078 shares of the real estate investment trust’s stock worth $40,000 after acquiring an additional 768 shares during the period. Elevation Wealth Partners LLC boosted its holdings in Kilroy Realty by 205.4% in the second quarter. Elevation Wealth Partners LLC now owns 1,463 shares of the real estate investment trust’s stock valued at $55,000 after acquiring an additional 984 shares during the last quarter. Nykredit A S bought a new stake in Kilroy Realty in the second quarter valued at approximately $57,000. Finally, Trust Co. of Vermont acquired a new stake in Kilroy Realty during the 2nd quarter valued at approximately $75,000. Institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.

The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.

Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.