Kilroy Realty Corporation (KRC) Upgraded to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Kilroy Realty Corporation (NYSE:KRC) from a sell rating to a hold rating in a research report sent to investors on Tuesday.

According to Zacks, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space. “

Other equities analysts also recently issued reports about the stock. Stifel Nicolaus restated a buy rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Kilroy Realty Corporation from a hold rating to a buy rating in a research note on Thursday, June 15th. Deutsche Bank AG upped their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a hold rating in a research note on Thursday, May 25th. KeyCorp restated a hold rating on shares of Kilroy Realty Corporation in a research note on Friday, August 25th. Finally, Bank of America Corporation downgraded shares of Kilroy Realty Corporation from a buy rating to a neutral rating and decreased their price target for the company from $80.00 to $77.00 in a research note on Wednesday, August 16th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $79.00.

Shares of Kilroy Realty Corporation (NYSE KRC) opened at 68.01 on Tuesday. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The stock’s 50 day moving average is $69.38 and its 200 day moving average is $72.48. The firm has a market capitalization of $6.68 billion, a price-to-earnings ratio of 49.43 and a beta of 0.75.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The company had revenue of $180.60 million for the quarter, compared to analyst estimates of $178.63 million. During the same period in the prior year, the firm earned $0.86 earnings per share. The company’s revenue was up 12.8% on a year-over-year basis. Equities research analysts forecast that Kilroy Realty Corporation will post $1.26 earnings per share for the current fiscal year.

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A number of institutional investors have recently made changes to their positions in KRC. Sumitomo Mitsui Trust Holdings Inc. grew its stake in Kilroy Realty Corporation by 2.4% during the first quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 92,946 shares of the real estate investment trust’s stock worth $6,700,000 after buying an additional 2,162 shares in the last quarter. State Board of Administration of Florida Retirement System grew its stake in Kilroy Realty Corporation by 1.3% during the first quarter. State Board of Administration of Florida Retirement System now owns 135,235 shares of the real estate investment trust’s stock worth $9,748,000 after buying an additional 1,760 shares in the last quarter. First Trust Advisors LP grew its stake in Kilroy Realty Corporation by 23.8% during the first quarter. First Trust Advisors LP now owns 98,689 shares of the real estate investment trust’s stock worth $7,114,000 after buying an additional 18,976 shares in the last quarter. Public Employees Retirement Association of Colorado grew its stake in Kilroy Realty Corporation by 0.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 23,489 shares of the real estate investment trust’s stock worth $1,693,000 after buying an additional 132 shares in the last quarter. Finally, Flinton Capital Management LLC grew its stake in Kilroy Realty Corporation by 20.5% during the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $210,000 after buying an additional 496 shares in the last quarter. Hedge funds and other institutional investors own 99.72% of the company’s stock.

About Kilroy Realty Corporation

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.

Analyst Recommendations for Kilroy Realty Corporation (NYSE:KRC)

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