JPMorgan Chase & Co. Upgrades Kilroy Realty (NYSE:KRC) to Overweight

Kilroy Realty (NYSE:KRC) was upgraded by stock analysts at JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a $49.00 price target on the real estate investment trust’s stock, up from their previous price target of $45.00. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 20.99% from the stock’s current price.

Other research analysts have also issued reports about the stock. Evercore ISI lifted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Barclays lifted their price target on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Wells Fargo & Company dropped their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a report on Thursday, November 14th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.63.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $40.50 on Friday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a fifty day simple moving average of $40.74 and a two-hundred day simple moving average of $36.93. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 24.25 and a beta of 1.03.

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

Insider Buying and Selling

In other news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 2.49% of the stock is owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

A number of large investors have recently added to or reduced their stakes in KRC. Wilmington Savings Fund Society FSB bought a new position in shares of Kilroy Realty during the 3rd quarter valued at about $34,000. UMB Bank n.a. boosted its stake in Kilroy Realty by 126.5% in the third 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 in the last quarter. Blue Trust Inc. grew its position in Kilroy Realty by 1,322.9% during the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,270 shares during the last quarter. GAMMA Investing LLC raised its stake in shares of Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Finally, Headlands Technologies LLC purchased a new position in shares of Kilroy Realty during the second quarter worth approximately $46,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.