Kilroy Realty (NYSE:KRC) Stock Rating Upgraded by Barclays

Kilroy Realty (NYSE:KRC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a research note issued to investors on Thursday,Finviz reports. The brokerage currently has a $44.00 price objective on the real estate investment trust’s stock, up from their prior price objective of $42.00. Barclays‘s price target would suggest a potential upside of 27.47% from the company’s current price.

KRC has been the topic of several other research reports. Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a research report on Monday, February 10th. Evercore ISI cut their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. The Goldman Sachs Group cut their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research report on Thursday, February 20th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $41.45.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $34.52 on Thursday. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.50 and a beta of 1.02. The business has a 50-day moving average of $37.83 and a 200-day moving average of $38.44.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, sell-side analysts predict that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRC. CWA Asset Management Group LLC bought a new position in shares of Kilroy Realty during the 3rd quarter valued at approximately $476,000. Vestcor Inc boosted its holdings in Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 25,492 shares during the period. International Assets Investment Management LLC boosted its holdings in Kilroy Realty by 4,454.4% in the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after purchasing an additional 13,096 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Kilroy Realty by 1.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock valued at $84,045,000 after purchasing an additional 27,660 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.