The Vanguard Group, Inc. has recently announced that it has increased stake in Kilroy Realty Corp. (NYSE:KRC) by 2.05%. After grabbing 16.64 million shares, the institutional investor is now in possession of 0.33 million shares of the Real Estate Company. The new investment brought the stake of investor firm to 14.20% having worth around $475.66 million. Moreover, BlackRock Fund Advisors increased its share by 0.21 million to have a control over 10.66 million shares. And SSgA Funds Management, Inc. raised its holdings to 95338.0 shares by acquiring 6.35 million shares or 5.42% of the stake.
Kilroy Realty Corp. (KRC) concluded trading on 12/07/23 at a closing price of $38.59, with 2.47 million shares of worth about $95.42 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 29.98% during that period and on Thursday the price saw a gain of about 5.47%. Currently the company’s common shares owned by public are about 116.88M shares, out of which, 115.52M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 14 analysts are covering the KRC stock and their offered price forecasts bring an average price target of $38.54. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $47.00 and could fall to a lowest price of $30.00. The stock’s current price level is -0.13% below of average price target set by the analysts, while a dip to estimated low would result in loss of -28.63% for the stock. However, touching the estimated high of $47.00 would mean a gain of 17.89% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 91 times over the past 12 months. They bought 372,759 shares in 71 of the transactions. In 20 selling transactions, insiders dumped 370,486 shares.
Government Pension Fund – Global, Stichting Pensioenfonds ABP, and Vanguard Real Estate Index Fund are the top 3 mutual funds which are holding stakes in Kilroy Realty Corp. Government Pension Fund – Global is currently holding 9.06 million shares of worth totaling $258.85 million. The company recently came selling 1.0 shares which brought its stake up to 7.73% of the company’s outstanding shares. Stichting Pensioenfonds ABP bought 34867.0 shares, after which its hold over company’s outstanding shares expand to 4.80%, leaving 5.63 million shares with the mutual fund that have a worth of about $160.91 million. Vanguard Real Estate Index Fund, after selling 4.59 million shares, have now control over 3.91% of the stake in the company. It holds 31489.0 shares of worth $131.06 million.
Kilroy Realty Corp. (NYSE: KRC) started trading at $36.53, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 38.60, or with a gain of 5.47%. Stock saw a price change of 17.01% in past 5 days and over the past one month there was a price change of 28.81%. Year-to-date (YTD), KRC shares are showing a performance of -0.21% which decreased to -1.78% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $25.99 but also hit the highest price of $43.47 during that period. The average intraday trading volume for Kilroy Realty Corp. shares is 1.10 million. The stock is currently trading 21.70% above its 20-day simple moving average (SMA20), while that difference is up 26.30% for SMA50 and it goes to 21.64% higher than SMA200.
The Vanguard Group, Inc. acquired 16.64 million shares of Kilroy Realty Corp. having value of about $475.66 million. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 0.33 million shares in the company valued at close to $12907158.71, or have control over 2.05% stake in the company. Kilroy Realty Corp. (NYSE: KRC) currently have 116.88M outstanding shares and institutions hold larger chunk of about 110.36% of that. Holding of mutual funds in the company is about 53.34% while other institutional holders and individual stake holders have control over 57.80% and 2.11% of the stake respectively.
The stock has a current market capitalization of $4.52B and its 3Y-monthly beta is at 1.01. PE ratio of stock for trailing 12 months is 20.94, while it has posted earnings per share of $1.84 in the same period. It has a debt-to-equity ratio of 0.93. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for KRC, volatility over the week remained 4.51% while standing at 4.00% over the month.
Analysts are in expectations that Kilroy Realty Corp. (KRC) stock would likely to be making an EPS of $0.36 in the current quarter, while forecast for next quarter EPS is $0 and it is $1.55 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.36 which is $0.37 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.45 in the same quarter a year ago. Stock’s fiscal year EPS is expected to drop by -10.60% while it is estimated to decrease by -4.86% in next year.
Analysts at 14 brokerage firms have issued recommendations for the Kilroy Realty Corp. (KRC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.00. Out of those 14 Wall Street analysts, 7 recommended a “Buy” rating, while 7 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by Jefferies on October 13, 2023 offering a Buy rating for the stock and assigned a target price range of between $34 and $35 to it.
