Wall Street Zen Upgrades Kilroy Realty (NYSE:KRC) to Hold

Key Points

• Wall Street Zen upgraded Kilroy Realty from “sell” to “hold,” while the broader analyst consensus remains “Hold,” with an average price target of $38.69.
• Kilroy Realty shares opened at $36.03, down 1%, with a market capitalization of approximately $4.19 billion and a 52-week trading range of $27.36 to $43.58.
• The REIT met quarterly EPS expectations at $0.13 and exceeded revenue estimates with $271.6 million, though revenue declined 2.9% year over year; institutional investors own 94.22% of its shares.

Kilroy Realty (NYSE:KRC - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "sell" rating to a "hold" rating in a research report issued on Saturday, Wall Street Zen reports.

KRC has been the subject of several other research reports. Weiss Ratings downgraded shares of Kilroy Realty from a "hold (c)" rating to a "hold (c-)" rating in a research report on Monday. Mizuho boosted their price target on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an "underperform" rating in a research note on Tuesday, July 21st. Barclays upped their price objective on shares of Kilroy Realty from $31.00 to $38.00 and gave the stock an "equal weight" rating in a report on Tuesday, July 21st. Evercore set a $44.00 price objective on shares of Kilroy Realty in a research note on Monday, September 21st. Finally, The Goldman Sachs Group reaffirmed a "sell" rating and issued a $32.00 price objective on shares of Kilroy Realty in a research note on Wednesday. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $38.69.

Kilroy Realty Stock Down 1.0%

Shares of NYSE:KRC opened at $36.03 on Friday. The business's 50 day simple moving average is $35.13 and its two-hundred day simple moving average is $34.55. The firm has a market cap of $4.19 billion, a P/E ratio of 9.89 and a beta of 1.16. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.65 and a current ratio of 1.72. Kilroy Realty has a 52-week low of $27.36 and a 52-week high of $43.58.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Thursday, October 22nd. The real estate investment trust reported $0.13 EPS for the quarter, meeting analysts' consensus estimates of $0.13. The firm had revenue of $271.60 million during the quarter, compared to analysts' expectations of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The company's revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.08 earnings per share. As a group, research analysts forecast that Kilroy Realty will post 3.58 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

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

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