JPMorgan Chase & Co. Lowers Kilroy Realty (NYSE:KRC) Price Target to $40.00

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target decreased by stock analysts at JPMorgan Chase & Co. from $42.00 to $40.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 14.45% from the stock's previous close.

A number of other brokerages have also recently weighed in on KRC. KeyCorp reduced their price objective on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a research note on Monday, March 31st. The Goldman Sachs Group reiterated a "neutral" rating and issued a $36.00 price target (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research report on Monday, March 17th. They set a "hold" rating and a $34.00 price objective on the stock. Royal Bank Of Canada reduced their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a report on Monday, March 10th. Finally, Wells Fargo & Company lowered their price target on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus target price of $38.90.

Kilroy Realty Stock Up 1.1%

KRC traded up $0.39 on Wednesday, reaching $34.95. The company's stock had a trading volume of 1,101,786 shares, compared to its average volume of 1,257,393. The company has a market capitalization of $4.13 billion, a price-to-earnings ratio of 20.80 and a beta of 1.19. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The company has a quick ratio of 2.07, a current ratio of 2.07 and a debt-to-equity ratio of 0.82. The stock has a 50 day moving average of $33.24 and a two-hundred day moving average of $34.76.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The company had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. During the same quarter in the previous year, the company posted $1.11 EPS. The company's quarterly revenue was down 2.8% on a year-over-year basis. As a group, analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Hedge Funds Weigh In On Kilroy Realty

A number of large investors have recently modified their holdings of KRC. Sanctuary Advisors LLC raised its position in Kilroy Realty by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust's stock worth $277,000 after acquiring an additional 347 shares in the last quarter. Proficio Capital Partners LLC purchased a new position in shares of Kilroy Realty in the 4th quarter valued at about $1,404,000. QRG Capital Management Inc. lifted its stake in shares of Kilroy Realty by 5.5% in the fourth quarter. QRG Capital Management Inc. now owns 9,092 shares of the real estate investment trust's stock valued at $368,000 after purchasing an additional 475 shares during the period. US Bancorp DE boosted its holdings in Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after buying an additional 317 shares in the last quarter. Finally, Metis Global Partners LLC grew its position in Kilroy Realty by 11.4% during the fourth quarter. Metis Global Partners LLC now owns 12,115 shares of the real estate investment trust's stock worth $490,000 after buying an additional 1,237 shares during the period. 94.22% of the stock is owned by hedge funds and other 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.