Kilroy Realty (NYSE:KRC) was downgraded by research analysts at Robert W. Baird from an “outperform” rating to a “neutral” rating in a report issued on Monday, January 8th, Marketbeat Ratings reports.
A number of other brokerages have also recently weighed in on KRC. JPMorgan Chase & Co. cut shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a research note on Friday, December 15th. 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 reiterated a “buy” rating and set a $77.00 price target on shares of Kilroy Realty in a research note on Thursday, September 21st. Finally, Goldman Sachs Group started coverage on shares of Kilroy Realty in a research note on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price target for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $76.86.
Shares of Kilroy Realty (KRC) traded up $0.07 during trading hours on Monday, reaching $71.62. 459,300 shares of the company were exchanged, compared to its average volume of 516,100. The firm has a market cap of $7,039.25, a PE ratio of 47.12, a P/E/G ratio of 2.70 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 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). The business had revenue of $181.50 million for the quarter, compared to analyst estimates of $179.03 million. Kilroy Realty had a return on equity of 4.44% and a net margin of 23.77%. The firm’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.92 EPS. analysts anticipate that Kilroy Realty will post 3.48 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in KRC. Bank of New York Mellon Corp raised its position in 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 worth $266,350,000 after buying an additional 2,235,377 shares during the last quarter. Long Pond Capital LP purchased a new position in Kilroy Realty during the 3rd quarter worth $58,103,000. Principal Financial Group Inc. raised its position in 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 worth $284,224,000 after buying an additional 602,993 shares during the last quarter. Standard Life Investments LTD purchased a new position in Kilroy Realty during the 2nd quarter worth $42,070,000. Finally, Prudential Financial Inc. increased its holdings in shares of Kilroy Realty by 835.8% in 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 purchasing an additional 518,739 shares in the last quarter. Institutional investors own 97.80% of the company’s stock.
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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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