Kilroy Realty Corporation which can be found using ticker (KRC) now have 13 market analysts covering the stock. The analyst consensus now points to a rating of ‘Buy’. The range between the high target price and low target price is between 48 and 32 with the average target price sitting at $39.62. Given that the stocks previous close was at $28.98 this would indicate that there is a potential upside of 36.7%. The 50 day MA is $32.70 while the 200 day moving average is $41.42. The company has a market cap of $3,438m. Find out more information at: https://www.kilroyrealty.com
The potential market cap would be $4,700m based on the market consensus.
Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design. As pioneers and innovators in the creation of a more sustainable real estate industry, the company’s approach to modern business environments helps drive creativity and productivity for some of the world’s leading technology, entertainment, life science and business services companies. The company is a publicly traded real estate investment trust (REIT) and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office, life science and mixed-use projects. As of December 31, 2022, Kilroy’s stabilized portfolio totaled approximately 16.2 million square feet of primarily office and life science space that was 91.6% occupied and 92.9% leased. The company also had more than 1,000 residential units in Hollywood and San Diego, which had a quarterly average occupancy of 93.3%. In addition, the company had two in-process life science redevelopment projects with total estimated redevelopment costs of $80.0 million, totaling approximately 100,000 square feet, and three in-process development projects with an estimated total investment of $1.7 billion, totaling approximately 1.7 million square feet of office and life science space. The in-process development and redevelopment office and life science space is 36% leased.
The company has a dividend yield of 7.45% with the ex dividend date set at 30-3-2023 (DMY).
Other points of data to note are a P/E ratio of 14.68, revenue per share of 9.39 and a 1.9% return on assets.
