Momentum Stock Watch: Kilroy Realty Corporation (KRC)

Company Profile:

Kilroy Realty Corporation (NYSE: KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. 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, productivity and employee retention for some of the world’s leading technology, entertainment, life science and business services companies. KRC is a publicly traded real estate investment trust and member of the S&P MidCap 400 Index with more than seven decades of experience developing, acquiring and managing office and mixed-use projects. As of September 30, 2020, KRC’s stabilized portfolio totaled approximately 14.3 million square feet of primarily office and life science space that was 92.2% occupied and 95.5% leased.

Recent News:

The company will release second quarter 2021 financial results after the market closes on Wednesday, July 28, 2021. The company will hold a conference call to discuss the results at 10:00 a.m. PT / 1:00 p.m. ET on Thursday, July 29, 2021.

Its board of directors declared a regular quarterly cash dividend of $0.50 per common share payable on July 14, 2021 to stockholders of record on June 30, 2021. The dividend is equivalent to an annual rate of $2.00 per share.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

KRC’s strengths can be seen in its strong profitability and robust solvency compared with its peers. Its revenue has increased in recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 52.10 with positive bias. We rate Kilroy Realty Corporation (KRC) a STRONG BUY.

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