Notable Mover: Is Buying 52-Week Stock Like Kilroy Realty Corp a Winning Strategy?

Notable Mover: Is Buying 52 Week Stock Like Kilroy Realty Corp a Winning Strategy?

The stock of Kilroy Realty Corp (NYSE:KRC) hit a new 52-week high and has $76.54 target or 4.00% above today’s $73.60 share price. The 7 months bullish chart indicates low risk for the $6.79B company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $76.54 price target is reached, the company will be worth $271.60 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 239,776 shares traded hands. Kilroy Realty Corp (NYSE:KRC) has risen 12.39% since April 26, 2016 and is uptrending. It has outperformed by 7.13% the S&P500.

Analysts await Kilroy Realty Corp (NYSE:KRC) to report earnings on February, 6. They expect $0.87 earnings per share, up 8.75% or $0.07 from last year’s $0.8 per share. KRC’s profit will be $80.26M for 21.15 P/E if the $0.87 EPS becomes a reality. After $0.92 actual earnings per share reported by Kilroy Realty Corp for the previous quarter, Wall Street now forecasts -5.43% negative EPS growth.

Kilroy Realty Corp (NYSE:KRC) Ratings Coverage

Out of 11 analysts covering Kilroy Realty (NYSE:KRC), 7 rate it a “Buy”, 1 “Sell”, while 3 “Hold”. This means 64% are positive. Kilroy Realty has been the topic of 20 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was downgraded by Bank of America on Wednesday, October 21 to “Underperform”. The firm has “Buy” rating given on Thursday, September 1 by Stifel Nicolaus. The firm has “Buy” rating given on Thursday, August 25 by BTIG Research. The stock of Kilroy Realty Corp (NYSE:KRC) has “Buy” rating given on Friday, April 29 by Stifel Nicolaus. The firm has “Underperform” rating by Credit Suisse given on Friday, July 31. Evercore downgraded the stock to “Hold” rating in Monday, November 28 report. The firm has “Neutral” rating by Stifel Nicolaus given on Thursday, October 22. The rating was upgraded by BMO Capital Markets to “Outperform” on Friday, April 15. The rating was maintained by Deutsche Bank with “Buy” on Monday, May 2. The rating was upgraded by Robert W. Baird to “Outperform” on Thursday, January 7.

According to Zacks Investment Research, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space.”

Insitutional Activity: The institutional sentiment decreased to 1.21 in 2016 Q2. Its down 0.11, from 1.32 in 2016Q1. The ratio worsened, as 21 funds sold all Kilroy Realty Corp shares owned while 71 reduced positions. 30 funds bought stakes while 91 increased positions. They now own 98.54 million shares or 0.18% less from 98.72 million shares in 2016Q1.
First Trust Advisors Ltd Partnership reported 63,717 shares or 0.01% of all its holdings. Ny State Common Retirement Fund has invested 0.02% of its portfolio in Kilroy Realty Corp (NYSE:KRC). Royal Natl Bank Of Canada owns 181,438 shares or 0.01% of their US portfolio. Weiss Multi has invested 2.31% of its portfolio in Kilroy Realty Corp (NYSE:KRC). Etrade Capital Mgmt Limited Com owns 3,635 shares or 0.01% of their US portfolio. Resolution Capital Limited has invested 5.74% of its portfolio in Kilroy Realty Corp (NYSE:KRC). Aperio Group Incorporated Limited Co has 19,119 shares for 0.01% of their US portfolio. Mizuho Trust Bk Ltd holds 17,809 shares or 0% of its portfolio. Teachers Insurance And Annuity Association Of America last reported 0.29% of its portfolio in the stock. Schwab Charles Invest has 0.05% invested in the company for 606,270 shares. Amalgamated National Bank & Trust reported 12,322 shares or 0.05% of all its holdings. South Texas Money Management Ltd, a Texas-based fund reported 169,547 shares. Arizona State Retirement Systems last reported 39,164 shares in the company. Lpl Limited Liability Corp last reported 0% of its portfolio in the stock. Sarasin And Prns Limited Liability Partnership holds 0.11% or 96,978 shares in its portfolio.

More news for Kilroy Realty Corp (NYSE:KRC) were recently published by: Businesswire.com, which released: “Tracy Murphy Joins Kilroy Realty Corporation as Executive Vice President” on May 31, 2016. Businesswire.com‘s article titled: “Kilroy Realty Corporation Earns Two Green Lease Leaders Team Transaction Awards” and published on July 01, 2016 is yet another important article.

KRC Company Profile

Kilroy Realty Corporation, incorporated on September 13, 1996, is a self-administered real estate investment trust (REIT). The Firm focuses on office submarkets in the West Coast. The Firm 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 greater Seattle. It operates in the office properties segment. The Firm 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). The Firm conducts all of its activities through the Operating Partnership.

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