Kilroy Realty Corp. (NYSE:KRC) was upgraded by Bank of America Corp. from a “neutral” rating to a “buy” rating in a research note issued on Friday. The firm presently has a $81.00 price objective on the real estate investment trust’s stock. Bank of America Corp.’s price objective would indicate a potential upside of 14.60% from the company’s previous close.

Several other research firms have also recently commented on KRC. Stifel Nicolaus increased their price objective on Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. DA Davidson increased their price objective on Kilroy Realty Corp. from $70.00 to $78.00 and gave the company a “neutral” rating in a research report on Wednesday, July 27th. Citigroup Inc. increased their price objective on Kilroy Realty Corp. from $71.00 to $76.00 and gave the company a “neutral” rating in a research report on Friday, July 29th. Zacks Investment Research cut Kilroy Realty Corp. from a “hold” rating to a “sell” rating in a research report on Wednesday, July 13th. Finally, BMO Capital Markets reaffirmed a “buy” rating on shares of Kilroy Realty Corp. in a research report on Tuesday, July 12th. Four analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $76.18.

Analyst Recommendations for Kilroy Realty Corp. (NYSE:KRC)

Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 70.68 on Friday. The company has a market capitalization of $6.52 billion, a PE ratio of 20.18 and a beta of 0.97. The stock’s 50 day moving average price is $69.56 and its 200 day moving average price is $66.94. Kilroy Realty Corp. has a 12 month low of $46.76 and a 12 month high of $74.17.

Kilroy Realty Corp. (NYSE:KRC) last released its quarterly earnings data on Monday, July 25th. The real estate investment trust reported $0.86 EPS for the quarter, beating the consensus estimate of $0.85 by $0.01. Kilroy Realty Corp. had a return on equity of 10.85% and a net margin of 57.28%. The company had revenue of $160.10 million for the quarter, compared to analysts’ expectations of $140.64 million. During the same period last year, the firm posted $0.82 earnings per share. Kilroy Realty Corp.’s revenue was up 9.5% compared to the same quarter last year. On average, analysts forecast that Kilroy Realty Corp. will post $3.40 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 12th. Stockholders of record on Friday, September 30th were paid a $0.375 dividend. This represents a $1.50 annualized dividend and a dividend yield of 2.12%. The ex-dividend date was Wednesday, September 28th. Kilroy Realty Corp.’s dividend payout ratio (DPR) is currently 42.74%.

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Cohen & Steers Inc. increased its stake in shares of Kilroy Realty Corp. by 23.2% in the second quarter. Cohen & Steers Inc. now owns 18,674,882 shares of the real estate investment trust’s stock valued at $603,946,000 after buying an additional 3,510,750 shares during the period. Vanguard Group Inc. increased its stake in shares of Kilroy Realty Corp. by 2.8% in the second quarter. Vanguard Group Inc. now owns 13,929,788 shares of the real estate investment trust’s stock valued at $923,405,000 after buying an additional 380,082 shares during the period. BlackRock Fund Advisors increased its stake in shares of Kilroy Realty Corp. by 4.3% in the second quarter. BlackRock Fund Advisors now owns 4,532,792 shares of the real estate investment trust’s stock valued at $300,479,000 after buying an additional 186,977 shares during the period. BlackRock Institutional Trust Company N.A. increased its stake in shares of Kilroy Realty Corp. by 2.3% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 3,999,834 shares of the real estate investment trust’s stock valued at $265,149,000 after buying an additional 90,530 shares during the period. Finally, State Street Corp increased its stake in shares of Kilroy Realty Corp. by 1.4% in the second quarter. State Street Corp now owns 3,940,538 shares of the real estate investment trust’s stock valued at $261,220,000 after buying an additional 53,336 shares during the period.

Kilroy Realty Corp. Company Profile

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.

5 Day Chart for NYSE:KRC

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