Kilroy Realty Corporation (NYSE: KRC) stock fell -3.94% on Friday to $45.15 against a previous-day closing price of $47.00. With 1.46 million shares changed hands, the volume of the stock remained heavier than its average volume of 0.84 million shares. During the session, the REIT – Office company that operates in wider Real Estate sector, reached to the highest price of $47.44 whereas the lowest price it dropped to was $45.10. The 52-week range on KRC shows that it touched its highest point at $79.06 and its lowest point at $46.53 during that stretch. It currently has a 1-year price target of $63.43. With its current market cap of 5.28 billion, KRC has annualized dividend of $2.16 while the current yield stands at 4.78%. Beta for the stock currently stands at 0.81.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of KRC was down-trending over the past week, with a drop of -9.56%, but this was down by -9.66% over a month. Three-month performance dropped to -12.14% while six-month performance fell -39.87%. The stock lost -31.52% in the past year, while it has lost -32.06% so far this year. A look at the trailing 12-month EPS for KRC yields 1.65 with Next year EPS estimates of 1.74. For the next quarter, that number is 0.38. This implies an EPS growth rate of 229.60% for this year and -0.85% for next year.
Float and Shares Shorts:
At present, 116.82 million KRC shares are outstanding with a float of 115.31 million shares on hand for trading. On Jul 14, 2022, short shares totaled 3.77 million, which was 3.23% higher than short shares on Jun 14, 2022. In addition to Mr. John B. Kilroy Jr. as the firm’s Chairman & CEO, Mr. Tyler H. Rose serves as its Pres & Company Sec.
Through their ownership of 108.63% of KRC’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 60.85% of KRC, in contrast to 41.93% held by mutual funds. Shares owned by individuals account for 2.12%. As the largest shareholder in KRC with 13.57% of the stake, The Vanguard Group, Inc. holds 15,859,970 shares worth 15,859,970. A second-largest stockholder of KRC, BlackRock Fund Advisors, holds 10,404,770 shares, controlling over 8.90% of the firm’s shares. Norges Bank Investment Management is the third largest shareholder in KRC, holding 9,057,009 shares or 7.75% stake. With a 7.75% stake in KRC, the Government Pension Fund – Global is the largest stakeholder. A total of 9,057,009 shares are owned by the mutual fund manager. The Stichting Pensioenfonds ABP, which owns about 4.79% of KRC stock, is the second-largest Mutual Fund holder. It holds 5,595,311 shares valued at 272.88 million. Vanguard Real Estate Index Fund holds 4.12% of the stake in KRC, owning 4,818,279 shares worth 234.99 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for KRC since 16 analysts follow the stock currently. There are 7 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 6 believe that the stock is worth HOLDING, 2 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With KRC analysts setting a high price target of $91.00 and a low target of $48.00, the average target price over the next 12 months is $62.71. Based on these targets, KRC could surge 101.55% to reach the target high and rise by 6.31% to reach the target low. Reaching the average price target will result in a growth of 38.89% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. KRC will report FY 2022 earnings on 02/06/2023. Analysts have provided yearly estimates in a range of $1.69 being high and $1.62 being low. For KRC, this leads to a yearly average estimate of $1.64. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Kilroy Realty Corporation surprised analysts by -$0.02 when it reported $0.40 EPS against a consensus estimate of $0.42. The surprise factor in the prior quarter was $0.04. Based on analyst estimates, the high estimate for the next quarter is $0.38 and the low estimate is $0.37. The average estimate for the next quarter is thus $0.38.
Summary of Insider Activity:
Insiders traded KRC stock several times over the past three months with 14 Buys and 0 Sells. In these transactions, 8,055 shares were bought while 0 shares were sold. The number of buy transactions has increased to 76 while that of sell transactions has risen to 25 over the past year. The total number of shares bought during that period was 364,408 while 287,867 shares were sold.