Kilroy Realty Corporation’s (KRC) Buy Rating Reiterated at Stifel Nicolaus
Kilroy Realty Corporation (NYSE:KRC)‘s stock had its “buy” rating reissued by Stifel Nicolaus in a research report issued to clients and investors on Thursday. They currently have a $77.00 price target on the real estate investment trust’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 10.16% from the company’s previous close.
Several other brokerages also recently commented on KRC. Evercore ISI raised shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 target price on the stock in a research note on Monday, August 14th. Zacks Investment Research raised shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Goldman Sachs Group, Inc. (The) began coverage on shares of Kilroy Realty Corporation in a research report on Tuesday. They set a “neutral” rating and a $70.00 price objective on the stock. BidaskClub raised shares of Kilroy Realty Corporation from a “strong sell” rating to a “sell” rating in a research report on Monday, August 14th. Finally, Bank of America Corporation cut shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and dropped their target price for the company from $80.00 to $77.00 in a report on Wednesday, August 16th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $77.67.
Kilroy Realty Corporation (NYSE KRC) traded down 0.16% during mid-day trading on Thursday, reaching $69.79. 263,789 shares of the company’s stock were exchanged. The company has a 50-day moving average of $68.96 and a 200-day moving average of $72.13. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33. The stock has a market cap of $6.86 billion, a price-to-earnings ratio of 50.72 and a beta of 0.75.
Kilroy Realty Corporation (NYSE:KRC) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $178.63 million. During the same period last year, the business earned $0.86 earnings per share. Kilroy Realty Corporation’s revenue was up 12.8% compared to the same quarter last year. Equities research analysts anticipate that Kilroy Realty Corporation will post $1.26 earnings per share for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of the stock. Perigon Wealth Management LLC purchased a new stake in Kilroy Realty Corporation in the first quarter worth $100,000. Invictus RG purchased a new position in shares of Kilroy Realty Corporation during the first quarter valued at $131,000. Advisor Group Inc. increased its stake in shares of Kilroy Realty Corporation by 27.8% during the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after buying an additional 426 shares during the period. Quantbot Technologies LP purchased a new position in shares of Kilroy Realty Corporation during the first quarter valued at $150,000. Finally, KCG Holdings Inc. purchased a new position in shares of Kilroy Realty Corporation during the first quarter valued at $218,000. Institutional investors own 99.72% of the company’s stock.
Kilroy Realty Corporation 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.
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