Kilroy Realty (NYSE:KRC) was downgraded by Robert W. Baird from an “outperform” rating to a “neutral” rating in a research note issued on Monday.
KRC has been the topic of several other research reports. Goldman Sachs Group began coverage on shares of Kilroy Realty in a research note on Tuesday, September 19th. They set a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 target price on shares of Kilroy Realty in a research note on Thursday, September 21st. Finally, JPMorgan Chase & Co. cut shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research note on Friday, December 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $76.86.
Shares of Kilroy Realty (NYSE:KRC) traded down $0.71 during midday trading on Monday, reaching $72.12. 699,200 shares of the company traded hands, compared to its average volume of 542,833. The stock has a market cap of $7,170.00, a price-to-earnings ratio of 47.45, a PEG ratio of 2.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. Kilroy Realty has a 12 month low of $67.00 and a 12 month high of $78.33.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.19). The company had revenue of $181.50 million during the quarter, compared to analysts’ expectations of $179.03 million. Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. Kilroy Realty’s revenue was up 7.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.92 EPS. research analysts predict that Kilroy Realty will post 3.52 EPS for the current fiscal year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. Bank of New York Mellon Corp boosted its position in shares of Kilroy Realty by 148.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock valued at $266,350,000 after acquiring an additional 2,235,377 shares during the last quarter. Long Pond Capital LP acquired a new position in shares of Kilroy Realty during the 3rd quarter valued at about $58,103,000. Principal Financial Group Inc. boosted its position in shares of Kilroy Realty by 17.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock valued at $284,224,000 after acquiring an additional 602,993 shares during the last quarter. Standard Life Investments LTD acquired a new position in shares of Kilroy Realty during the 2nd quarter valued at about $42,070,000. Finally, Prudential Financial Inc. boosted its position in shares of Kilroy Realty by 835.8% during the 3rd quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock valued at $41,307,000 after acquiring an additional 518,739 shares during the last quarter. 97.71% of the stock is currently owned by institutional investors.
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Kilroy Realty Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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