Cowen and Company Downgrades Kilroy Realty Corp. to Market Perform (KRC)
Kilroy Realty Corp. (NYSE:KRC) was downgraded by Cowen and Company from an “outperform” rating to a “market perform” rating in a research note issued on Thursday, American Banking & Market News reports. They currently have a $52.00 price target on the stock, down from their previous price target of $60.00. Cowen and Company’s price objective points to a potential upside of 4.25% from the stock’s previous close.
Kilroy Realty Corp. (NYSE:KRC) traded down 2.69% during mid-day trading on Thursday, hitting $49.88. 5,552,468 shares of the company’s stock traded hands. Kilroy Realty Corp. has a 52 week low of $42.15 and a 52 week high of $60.27. The stock’s 50-day moving average is $50.63 and its 200-day moving average is $53.23. The company has a market cap of $3.774 billion and a P/E ratio of 20.33.
Kilroy Realty Corp. (NYSE:KRC) last released its earnings data on Tuesday, July 30th. The company reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.07. The company had revenue of $124.48 million for the quarter, compared to the consensus estimate of $107.84 million. During the same quarter in the previous year, the company posted $0.55 earnings per share. The company’s revenue for the quarter was up 28.2% on a year-over-year basis. On average, analysts predict that Kilroy Realty Corp. will post $2.57 earnings per share for the current fiscal year.
Kilroy Realty Corporation is a self-administered real estate investment trust (NYSE:KRC).
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