Kilroy Realty (NYSE:KRC) Raised to “Overweight” at JPMorgan Chase & Co.

Kilroy Realty (NYSE:KRC) was upgraded by JPMorgan Chase & Co. from a “neutral” rating to an “overweight” rating in a research note issued on Friday, Marketbeat reports. The brokerage presently has a $49.00 price target on the real estate investment trust’s stock, up from their previous price target of $45.00. JPMorgan Chase & Co.‘s target price suggests a potential upside of 25.93% from the stock’s previous close.

Several other research firms have also recently weighed in on KRC. Barclays upped their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a report on Monday, October 28th. Evercore ISI increased their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a report on Thursday, November 14th. Finally, Wells Fargo & Company dropped their target price on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus price target of $40.63.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $38.91 on Friday. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.59 billion, a PE ratio of 23.30 and a beta of 1.03. The stock’s fifty day simple moving average is $40.71 and its 200 day simple moving average is $36.86.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter last year, the firm earned $1.12 EPS. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. On average, research analysts predict that Kilroy Realty will post 4.41 EPS for the current year.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the sale, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRC. Charles Schwab Investment Management Inc. lifted its stake in shares of Kilroy Realty by 1.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after buying an additional 27,660 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kilroy Realty by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock worth $53,622,000 after acquiring an additional 42,811 shares during the period. Federated Hermes Inc. grew its position in shares of Kilroy Realty by 3.8% in the second quarter. Federated Hermes Inc. now owns 1,374,826 shares of the real estate investment trust’s stock valued at $42,853,000 after purchasing an additional 50,619 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Kilroy Realty by 45.9% during the second quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock worth $26,393,000 after purchasing an additional 267,825 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after purchasing an additional 689,962 shares during the period. 94.22% of the stock is owned by institutional investors.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.