Kilroy Realty (NYSE:KRC) was downgraded by equities research analysts at J P Morgan Chase & Co from an “overweight” rating to a “neutral” rating in a report released on Friday, MarketBeat Ratings reports. They presently have a $79.00 price target on the real estate investment trust’s stock. J P Morgan Chase & Co’s price target would suggest a potential upside of 5.61% from the company’s current price.
A number of other equities research analysts also recently weighed in on the company. KeyCorp reaffirmed a “hold” rating on shares of Kilroy Realty in a report on Friday, August 25th. Zacks Investment Research cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Goldman Sachs Group began coverage on shares of Kilroy Realty in a research note on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 target price for the company. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $77.00 target price on shares of Kilroy Realty in a research note on Thursday, September 21st. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Kilroy Realty currently has an average rating of “Hold” and a consensus price target of $77.63.
Kilroy Realty (KRC) traded down $0.42 during midday trading on Friday, reaching $74.80. The company’s stock had a trading volume of 300,900 shares, compared to its average volume of 558,602. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $7,400.31, a P/E ratio of 21.93, a price-to-earnings-growth ratio of 2.97 and a beta of 0.79. Kilroy Realty has a 12 month low of $67.00 and a 12 month high of $78.33.
A number of hedge funds have recently bought and sold shares of KRC. Bank of New York Mellon Corp raised its position in Kilroy Realty by 148.1% in 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 purchasing an additional 2,235,377 shares during the last quarter. Long Pond Capital LP bought a new position in Kilroy Realty in the 3rd quarter worth approximately $58,103,000. Principal Financial Group Inc. raised its position in Kilroy Realty by 17.8% in 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 purchasing an additional 602,993 shares during the last quarter. Standard Life Investments LTD bought a new position in Kilroy Realty in the 2nd quarter worth approximately $42,070,000. Finally, Prudential Financial Inc. raised its position in 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 worth $41,307,000 after purchasing an additional 518,739 shares during the last quarter. Hedge funds and other institutional investors own 97.86% of the company’s stock.
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.
