Kilroy Realty’s EVP Sells Thousands in Stock!
Robert Paratte, EVP of Kilroy Realty, sold 3,500 shares for $154,000. The company recently acquired Maple Plaza for $205 million and signed a 24,000 sq ft lease at Kilroy Oyster Point Phase 2. Analyst sentiment is mixed: Scotiabank upgraded to Sector Perform, while Barclays and Goldman Sachs downgraded the stock. Spark's AI Analyst rates KRC as Neutral, highlighting strong financials but concerns over occupancy and valuation. Year-to-date, KRC's price performance is 13.43%, with a market cap of $5.22B.
Robert Paratte, the Executive Vice President and Chief Leasing Officer at Kilroy Realty, recently sold 3,500 shares of the company’s stock. This transaction amounted to a total value of $154,000.
Recent Updates on KRC stock
Kilroy Realty has seen significant developments recently, including the acquisition of Maple Plaza in Beverly Hills for $205 million, marking its first acquisition in this supply-constrained submarket. The company also executed a 24,000 square feet lease at Kilroy Oyster Point Phase 2 in South San Francisco. These strategic moves have led to several analyst updates. Scotiabank upgraded Kilroy Realty to Sector Perform from Underperform, citing improvements in the San Francisco market and expectations of progress in lease expirations. Evercore ISI raised its price target following insights from a recent REIT conference, reflecting broader market conditions. However, Barclays downgraded the stock to Equal Weight, and Goldman Sachs downgraded it to Sell, indicating mixed sentiment among analysts.
Spark’s Take on KRC Stock
According to Spark, TipRanks’ AI Analyst, KRC is a Neutral.
Kilroy Realty’s overall stock score reflects strong financial performance and strategic corporate actions, balanced by technical indicators suggesting overbought conditions and valuation concerns. The company’s robust leasing activity and financial flexibility are significant strengths, while challenges in occupancy and re-leasing spreads present risks.
To see Spark’s full report on KRC stock, click here.
More about Kilroy Realty
YTD Price Performance: 13.43%
Average Trading Volume: 1,552,726
Technical Sentiment Signal: Buy
Current Market Cap: $5.22B
