JPMorgan Chase & Co. Reiterates "Neutral" Rating for Kilroy Realty (NYSE:KRC)

Key Points

• JPMorgan Chase & Co. has reiterated a "neutral" rating for Kilroy Realty (NYSE:KRC) with a target price of $44.00, indicating a potential upside of 8.83% from its last close.
• Multiple analysts have differing ratings on Kilroy Realty, with a consensus rating of "Hold" and an average price target of $41.17.
• Kilroy Realty reported better-than-expected earnings of $1.13 EPS in its latest quarter, exceeding consensus estimates of $1.01.

Kilroy Realty (NYSE:KRC - Get Free Report)'s stock had its "neutral" rating reiterated by analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Friday, MarketBeat.com reports. They presently have a $44.00 target price on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective points to a potential upside of 8.83% from the stock's previous close.

KRC has been the topic of several other reports. BMO Capital Markets lowered Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a report on Wednesday, July 16th. The Goldman Sachs Group reissued a "sell" rating and issued a $33.00 price objective on shares of Kilroy Realty in a research note on Thursday, August 21st. Mizuho decreased their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, July 14th. Scotiabank raised shares of Kilroy Realty from a "sector underperform" rating to a "sector perform" rating and lifted their price target for the company from $40.00 to $47.00 in a research report on Wednesday, September 17th. Finally, Jefferies Financial Group raised shares of Kilroy Realty from a "hold" rating to a "buy" rating and upped their price objective for the stock from $33.00 to $45.00 in a report on Monday. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, Kilroy Realty has an average rating of "Hold" and a consensus price target of $41.17.

Kilroy Realty Trading Down 0.3%

NYSE:KRC opened at $40.43 on Friday. The company has a market capitalization of $4.78 billion, a P/E ratio of 21.97 and a beta of 1.24. The stock's 50 day moving average price is $41.35 and its 200 day moving average price is $36.38. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $45.03.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its earnings results on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, topping the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Insider Buying and Selling at Kilroy Realty

In related news, EVP Eliott Trencher sold 3,997 shares of the company's stock in a transaction dated Friday, August 8th. The shares were sold at an average price of $38.05, for a total value of $152,085.85. Following the sale, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. The trade was a 8.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 6,250 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total value of $239,250.00. Following the sale, the chief accounting officer directly owned 26,435 shares in the company, valued at $1,011,931.80. The trade was a 19.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is owned by company insiders.

Institutional Trading of Kilroy Realty

Institutional investors have recently bought and sold shares of the stock. American National Bank & Trust bought a new stake in Kilroy Realty in the second quarter valued at $25,000. Quaker Wealth Management LLC lifted its holdings in shares of Kilroy Realty by 200.0% during the second quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust's stock valued at $26,000 after acquiring an additional 1,510 shares during the period. Allworth Financial LP boosted its stake in shares of Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust's stock valued at $31,000 after purchasing an additional 634 shares in the last quarter. Harbor Asset Planning Inc. bought a new stake in shares of Kilroy Realty in the 2nd quarter worth about $34,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Kilroy Realty by 135.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,001 shares of the real estate investment trust's stock worth $42,000 after purchasing an additional 575 shares during the last quarter. Institutional investors and hedge funds 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.

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