Kilroy Realty Corp (KRC) shares crossed below their 200-day moving average of $36.28, trading as low as $36.06 per share, a 2.1% decline. The 52-week range is $27.07 to $43.78, with the last trade at $36.21. The article discusses KRC's performance and its position relative to other dividend stocks.
Title: Kilroy Realty Corp (KRC) Shares Cross Below 200-Day Moving Average
Kilroy Realty Corp (KRC) shares have experienced a notable decline, crossing below their 200-day moving average of $36.28 and trading as low as $36.06 per share, marking a 2.1% decline from the previous close. The stock's 52-week range is $27.07 to $43.78, with the last trade at $36.21. This move has sparked interest in the performance and valuation of KRC relative to other dividend stocks.
Analysts have provided mixed ratings for KRC, with a consensus rating of "Hold" and an average price target of $37.91 [1]. Evercore ISI recently raised their price target for KRC from $35.00 to $43.00, indicating a potential upside of 18.99% from the current price [1]. However, other analysts have reduced their price objectives and ratings, with Scotiabank setting a "sector underperform" rating and a price objective of $37.00, and JPMorgan Chase & Co. reducing their price objective to $40.00 with an "overweight" rating [1].
KRC's latest earnings report highlighted strong financial performance, with the company reporting $1.13 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.12 [2]. The company's funds from operations (FFO) per diluted share were $1.13, including $0.11 per share of onetime items, and the company raised its 2025 FFO outlook to a range of $4.05 to $4.15 per share [2]. Despite these positive results, the company faced challenges with occupancy rates declining to 80.8% and re-leasing spreads being negative 11.2% and 15.2% [2].
Institutional investors have shown interest in KRC, with several hedge funds increasing their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its position by 23.2% in the first quarter, and Asset Management One Co. Ltd. raised its position by 1.7% during the same period [1]. However, the company faces potential challenges with lease expirations in 2026 and ongoing discussions regarding the Flower Mart project in San Francisco [2].
As KRC's shares continue to trade below their 200-day moving average, investors will closely monitor the company's performance and the broader market conditions to assess the stock's potential for recovery or further decline. The mixed analyst ratings and recent earnings report suggest a complex picture for KRC, with both positive and negative factors to consider.
References
[1] https://www.marketbeat.com/instant-alerts/kilroy-realty-nysekrc-price-target-raised-to-4300-2025-07-30/
[2] https://finance.yahoo.com/news/kilroy-realty-corp-krc-q2-071822939.html
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