Kilroy Realty (NYSE:KRC) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Kilroy Realty (NYSE:KRC) from a neutral rating to an overweight rating in a research note released on Friday, MarketBeat reports. They currently have $49.00 price target on the real estate investment trust’s stock, up from their previous price target of $45.00.

Several other equities research analysts have also issued reports on the stock. Barclays increased their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average target price of $40.63.

Kilroy Realty Trading Up 4.1 %

Shares of NYSE:KRC opened at $40.50 on Friday. Kilroy Realty has a 1 year low of $30.71 and a 1 year high of $43.78. The stock’s fifty day moving average price is $40.74 and its 200-day moving average price is $36.90. The company has a market cap of $4.78 billion, a P/E ratio of 24.25 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the previous year, the business earned $1.12 EPS. The business’s revenue was up 2.2% compared to the same quarter last year. Sell-side analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be issued a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.33%. Kilroy Realty’s payout ratio is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of the business. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the third quarter worth $34,000. UMB Bank n.a. increased its stake in Kilroy Realty by 126.5% in the 3rd quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 540 shares during the period. Blue Trust Inc. lifted its holdings in Kilroy Realty by 1,322.9% during the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 1,270 shares in the last quarter. Headlands Technologies LLC purchased a new stake in Kilroy Realty in the 2nd quarter valued at about $46,000. Finally, Quarry LP bought a new position in Kilroy Realty in the 2nd quarter worth about $55,000. 94.22% of the stock is owned by institutional investors.

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.