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

Kilroy Realty (NYSE:KRC - Get Free Report) had its target price reduced 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 target price suggests a potential upside of 13.35% from the stock's previous close.

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

Kilroy Realty Stock Performance

Shares of KRC traded up $0.35 during mid-day trading on Wednesday, hitting $35.29. 594,028 shares of the company's stock were exchanged, compared to its average volume of 1,257,696. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $43.78. The firm has a market capitalization of $4.17 billion, a P/E ratio of 21.01 and a beta of 1.19. The business's 50 day moving average is $33.35 and its two-hundred day moving average is $34.67. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing analysts' consensus estimates of $1.03 by ($0.01). Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The business had revenue of $270.84 million during the quarter, compared to analysts' expectations of $274.90 million. During the same quarter last year, the firm earned $1.11 earnings per share. The firm's quarterly revenue was down 2.8% compared to the same quarter last year. On average, equities analysts expect that Kilroy Realty will post 4 earnings per share for the current year.

Institutional Trading of Kilroy Realty

Several hedge funds have recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Kilroy Realty in the 4th quarter worth approximately $366,356,000. APG Asset Management US Inc. raised its stake in Kilroy Realty by 5.3% during the 1st quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust's stock valued at $151,521,000 after acquiring an additional 230,236 shares in the last quarter. Resolution Capital Ltd raised its stake in Kilroy Realty by 12.6% during the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust's stock valued at $181,526,000 after acquiring an additional 500,635 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Kilroy Realty by 6.3% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust's stock valued at $132,087,000 after acquiring an additional 193,291 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Kilroy Realty by 3.3% during the 1st quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust's stock valued at $101,671,000 after acquiring an additional 99,567 shares in the last quarter. 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.