Kilroy Realty Corporation (NYSE:KRC) finished Wednesday with a subtraction of -$1.03 to close at $36.41, a downside of -2.75 percent. An average of 1,266,760 shares of common stock have been traded in the last five days. There was a gain of $1.18 in the past week, and it reached a new high 2 times over the past 12 months. The last 20 days have seen an average of 1,120,975 shares traded, while the 50-day average volume stands at 1,194,068.
KRC stock has increased by 10.64% in the last month. The company shares reached their 1-month lowest point of $31.22 on 07/10/23. With the stock rallying to its 52-week high on 02/02/23, shares of the company touched a low of $25.99 and a high of $54.22 in 52 weeks. It has reached a new high 7 times so far this year and lost -5.84% or -$2.26 in price. In spite of this, the price is down -32.85% from the 52-week high.
Valuation Metrics
Kilroy Realty Corporation (KRC) has a trailing price-to-earnings (P/E) ratio of 17.56. The stock’s beta is 0.92. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 3.70, the price-to-book (PB) ratio at 0.79.
The company has a payout ratio of 102.80%. The company’s most recent quarterly dividend payment was $0.54 a share, without any change from last year. Its latest increase dividend $0.02 reported on Thursday September 8 2022.
Financial Health
Further, the company has a long term debt to equity ratio of 0.81 and a total debt to equity ratio of 0.81 for the quarter ending June 29. Its gross profit as reported stood at $324.68 million compared to revenue of $1.1 billion.
Earnings Surprise
For the three-month period that ended June 29, Kilroy Realty Corporation had $25.79 million in cash and short-term investments compared to $240.14 million in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $55.59 million in the quarter, while revenues of $56.61 million were grew 15.25%. The analyst consensus anticipated Kilroy Realty Corporation’s latest quarter earnings to come in at $0.36 per share, but it turned out to be $0.47, a 30.60% surprise. For the quarter, EBITDA amounted to $177.05 million. At the end of the quarter ending June 29, Kilroy Realty Corporation’s stock balance sheet showed total debt was $4.54 billion. Shareholders own equity worth $117.18 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Kilroy Realty Corporation (KRC) price momentum. RSI 9-day as of the close on 09 August was 59.71%, suggesting the stock is Neutral, with historical volatility in this time frame at 33.18%.
As of today, KRC’s price is $36.96 +3.35% or $1.18 from its 5-day moving average. KRC is currently trading +11.18% higher than its 20-day SMA and +21.16% higher than its 100-day SMA. However, the stock’s current price level is +35.30% above the SMA50 and -11.63% below the SMA200.
The stochastic %K and %D were 81.48% and 88.34%, respectively, and the average true range (ATR) was 1.28. With the 14-day stochastic at 62.72% and the average true range at 1.23, the RSI (14) stands at 62.15%. The stock has reached 1.04 on the 9-day MACD Oscillator while the 14-day reading was at 1.73.
Analyst Ratings
BofA Securities downgraded Kilroy Realty Corporation (NYSE: KRC) to a a Neutral rating in its most recent analyst report. Previously, the stock was rated as a Buy. The consensus rating for Kilroy Realty Corporation (KRC) among analysts is Overweight. According to current brokerage recommendations, 0 brokerage firms advise that investors sell KRC, while 8 suggest investors hold. There are 0 analysts who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 6 others rate it as a “buy”.
What is KRC’s price target for the next 12 months?
Analysts predict a range of price targets between $29.00 and $48.00, with a median target of $39.00. Taking a look at these predictions, the average price target given by analysts for Kilroy Realty Corporation (KRC) stock is $39.42.
