Kilroy Realty (KRC) Upgraded at Zacks Investment Research

Kilroy Realty (NYSE:KRC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “Kilroy Realty Corporation, a publicly traded real estate investment trust and member of the S&P Midcap 400 Index, is one of the West Coast’s premier landlords. The Company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies. “

Several other analysts also recently commented on KRC. ValuEngine upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and increased their target price for the company from $80.00 to $82.00 in a report on Tuesday, November 13th. Wells Fargo & Co downgraded shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and lowered their target price for the company from $82.00 to $72.00 in a report on Tuesday, December 11th. Finally, Scotiabank assumed coverage on shares of Kilroy Realty in a report on Tuesday, October 16th. They issued a “sector perform” rating for the company. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $77.75.

Kilroy Realty stock opened at $72.43 on Wednesday. Kilroy Realty has a 1-year low of $59.05 and a 1-year high of $77.73. The firm has a market capitalization of $7.29 billion, a price-to-earnings ratio of 20.81, a price-to-earnings-growth ratio of 2.75 and a beta of 0.85. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.01 and a current ratio of 1.22.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.11). The business had revenue of $190.80 million during the quarter, compared to the consensus estimate of $185.19 million. Kilroy Realty had a net margin of 34.58% and a return on equity of 6.35%. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. During the same period last year, the business posted $0.85 earnings per share. Equities research analysts predict that Kilroy Realty will post 3.69 EPS for the current year.

In related news, CFO Tyler H. Rose sold 20,000 shares of the firm’s stock in a transaction dated Monday, February 11th. The shares were sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the completion of the sale, the chief financial officer now owns 125,132 shares in the company, valued at $9,080,829.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.22% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Laurel Wealth Advisors LLC purchased a new stake in Kilroy Realty during the fourth quarter worth about $25,000. Parallel Advisors LLC increased its holdings in Kilroy Realty by 471.7% during the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 434 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Kilroy Realty during the third quarter worth about $206,000. NN Investment Partners Holdings N.V. purchased a new stake in Kilroy Realty during the third quarter worth about $281,000. Finally, First Hawaiian Bank purchased a new stake in Kilroy Realty during the third quarter worth about $307,000. Institutional investors and hedge funds own 96.67% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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