Kilroy Realty Corp(NYSE:KRC) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during After-Market on Feb 6, 2017. Company reported revenue of $168.645M. Analysts estimated a revenue of $146.580M. The revenues were 15.05% above the estimates. Earnings per share were $0.88. The reported EPS was above estimates by 151.43%. Analysts had estimated an EPS of $0.35.
In a different note, On Jan 9, 2017, Deutsche Bank said it Downgrades its rating on Kilroy Realty Corp. The shares have been rated ‘Hold’ by the firm. On Jan 3, 2017, RBC Capital said it Downgrades its rating on Kilroy Realty Corp. According to the research note, RBC Capital Lowers the price target to $80 per share from a prior target of $82. The shares have been rated ‘Sector Perform’ by the firm.
Kilroy Realty Corp (KRC) shares turned negative on Tuesdays trading session with the shares closing down -1.1 points or -1.50% at a volume of 8,67,889. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $73.66. The peak price level was also seen at $73.66 while the days lowest was $71.84. Finally the shares closed at $72.18. The 52-week high of the shares is $77.54 while the 52-week low is $46.76. According to the latest information available, the market cap of the company is $7,048 M.
Several Insider Transactions has been reported to the SEC. On Dec 29, 2016, Tyler H Rose (EVP and CFO) sold 12,500 shares at $72.01 per share price.Also, On Dec 29, 2016, Heidi Rena Roth (EVP, CAO and Controller) sold 5,000 shares at $72.74 per share price.On Dec 7, 2016, Jeffrey C Hawken (EVP and COO) sold 50,000 shares at $75.27 per share price, according to the Form-4 filing with the securities and exchange commission.
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT) that focuses on office submarkets in the West Coast. The Company owns develops acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles Orange County San Diego County the San Francisco Bay Area and Seattle. Its stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction lease-up properties undeveloped land and real estate assets held for sale. Its stabilized portfolio consists of 111 office properties which has approximately 14 million rentable square feet. It owns its interests in all of its real estate assets through Kilroy Realty L.P. (the Operating Partnership) and Kilroy Realty Finance Partnership L.P. (the Finance Partnership). It conducts substantially all of its operations through the Operating Partnership.