Kilroy Realty (NYSE:KRC) Stock Rating Upgraded by Wall Street Zen

Kilroy Realty (NYSE:KRC) was upgraded by stock analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Saturday, Wall Street Zen reports.

Other analysts also recently issued reports about the company. Mizuho upped their price objective on Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 21st. Evercore set a $44.00 price target on Kilroy Realty in a research report on Monday, September 21st. Weiss Ratings downgraded Kilroy Realty from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, October 26th. The Goldman Sachs Group restated a “sell” rating and set a $32.00 price objective on shares of Kilroy Realty in a research report on Wednesday. Finally, Citigroup boosted their price target on Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $38.69.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $36.03 on Friday. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.81. The firm has a 50-day simple moving average of $35.13 and a 200 day simple moving average of $34.55. The company has a market cap of $4.19 billion, a PE ratio of 150.12 and a beta of 1.16. Kilroy Realty has a fifty-two week low of $27.36 and a fifty-two week high of $43.58.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The firm had revenue of $271.60 million during the quarter, compared to the consensus estimate of $268.02 million. During the same period in the prior year, the business earned $1.08 EPS. The business’s revenue for the quarter was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kilroy Realty will post 3.58 EPS for the current year.

Institutional Investors Weigh In On Kilroy Realty

Institutional investors have recently made changes to their positions in the company. Route One Investment Company L.P. bought a new position in Kilroy Realty in the second quarter valued at $159,181,000. Hsbc Holdings PLC increased its position in Kilroy Realty by 29.1% in the first quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust’s stock worth $7,303,000 after purchasing an additional 58,337 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of Kilroy Realty by 118.1% in the 1st quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock valued at $45,745,000 after purchasing an additional 877,907 shares in the last quarter. Squarepoint Ops LLC purchased a new stake in shares of Kilroy Realty in the 2nd quarter valued at $5,190,000. Finally, Sequoia Financial Advisors LLC raised its holdings in Kilroy Realty by 125.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 16,169 shares during the period. Institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.

The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.

Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.