Kilroy Realty (NYSE:KRC) PT Raised to $40.00

Kilroy Realty (NYSE:KRC) had its price objective boosted by investment analysts at Evercore ISI from $38.00 to $40.00 in a research report issued on Monday, Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target indicates a potential upside of 8.61% from the company’s current price.

KRC has been the subject of several other reports. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Scotiabank dropped their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research note on Thursday, May 30th. Finally, Wells Fargo & Company cut their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Seven analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $38.40.

Kilroy Realty Stock Up 0.7 %

Shares of NYSE:KRC traded up $0.24 during midday trading on Monday, hitting $36.83. 129,954 shares of the company’s stock were exchanged, compared to its average volume of 1,013,465. Kilroy Realty has a 12 month low of $26.78 and a 12 month high of $43.37. The company has a market cap of $4.32 billion, a PE ratio of 21.17 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The stock has a 50 day moving average price of $34.79 and a 200-day moving average price of $34.14.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The company had revenue of $280.73 million during the quarter, compared to analysts’ expectations of $276.81 million. During the same period last year, the company earned $1.19 earnings per share. The business’s revenue for the quarter was down 1.2% compared to the same quarter last year. On average, sell-side analysts anticipate that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

A number of institutional investors have recently made changes to their positions in the stock. Centersquare Investment Management LLC raised its holdings in Kilroy Realty by 1.0% during the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after buying an additional 24,855 shares during the last quarter. Sei Investments Co. boosted its holdings in shares of Kilroy Realty by 139.4% during the first quarter. Sei Investments Co. now owns 693,552 shares of the real estate investment trust’s stock worth $25,266,000 after purchasing an additional 403,807 shares during the period. Russell Investments Group Ltd. grew its stake in shares of Kilroy Realty by 33.8% in the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock worth $4,885,000 after purchasing an additional 33,857 shares during the last quarter. APG Asset Management US Inc. increased its holdings in Kilroy Realty by 5.0% during the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after purchasing an additional 255,835 shares during the period. Finally, Norges Bank bought a new position in Kilroy Realty during the 4th quarter valued at approximately $360,831,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.