Kilroy Realty Corp (NYSE:KRC) insider Heidi Rena Roth sold 5,440 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 11th. The shares were sold at an average price of $74.95, for a total value of $407,728.00. Following the transaction, the insider now owns 38,850 shares of the company’s stock, valued at $2,911,807.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
NYSE:KRC opened at $75.48 on Friday. Kilroy Realty Corp has a 52 week low of $59.05 and a 52 week high of $77.73. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $7.55 billion, a price-to-earnings ratio of 21.69, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.11). The firm had revenue of $190.80 million during the quarter, compared to analysts’ expectations of $185.19 million. Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. Kilroy Realty’s quarterly revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.85 EPS. On average, research analysts predict that Kilroy Realty Corp will post 3.69 EPS for the current fiscal year.
Several research analysts recently weighed in on KRC shares. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $80.00 to $81.00 in a research report on Monday. ValuEngine upgraded Kilroy Realty from a “hold” rating to a “buy” rating in a research report on Friday, February 8th. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, February 5th. Wells Fargo & Co cut Kilroy Realty from an “outperform” rating to a “market perform” rating and reduced their price target for the company from $82.00 to $72.00 in a research report on Tuesday, December 11th. Finally, Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and lifted their price target for the company from $82.00 to $86.00 in a research report on Friday, March 1st. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Kilroy Realty currently has a consensus rating of “Buy” and a consensus price target of $79.86.
Several hedge funds have recently bought and sold shares of the stock. Utah Retirement Systems raised its holdings in shares of Kilroy Realty by 0.9% in the 4th quarter. Utah Retirement Systems now owns 21,997 shares of the real estate investment trust’s stock valued at $1,383,000 after buying an additional 200 shares during the period. Laurel Wealth Advisors LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $25,000. Parallel Advisors LLC raised its holdings in shares of Kilroy Realty by 471.7% in the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 434 shares during the period. American International Group Inc. raised its holdings in shares of Kilroy Realty by 0.4% in the 4th quarter. American International Group Inc. now owns 205,327 shares of the real estate investment trust’s stock valued at $12,911,000 after buying an additional 791 shares during the period. Finally, Bridgewater Associates LP raised its holdings in shares of Kilroy Realty by 6.6% in the 3rd quarter. Bridgewater Associates LP now owns 13,237 shares of the real estate investment trust’s stock valued at $949,000 after buying an additional 820 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
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Kilroy Realty Company Profile
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.
Further Reading: Beta
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