Kilroy Realty Corp. (NYSE:KRC) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Thursday.

According to Zacks, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space. “

A number of other equities research analysts have also commented on the stock. Bank of America Corp. upgraded shares of Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 price target for the company in a report on Friday, October 14th. BTIG Research initiated coverage on shares of Kilroy Realty Corp. in a report on Thursday, August 25th. They set a “buy” rating and a $80.00 price target for the company. Robert W. Baird reiterated an “outperform” rating and set a $78.00 price target on shares of Kilroy Realty Corp. in a report on Friday, August 26th. Stifel Nicolaus upped their price target on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a report on Thursday, September 1st. Finally, Citigroup Inc. upped their price target on shares of Kilroy Realty Corp. from $71.00 to $76.00 and gave the company a “neutral” rating in a report on Friday, July 29th. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Kilroy Realty Corp. currently has a consensus rating of “Buy” and an average price target of $76.42.

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

Kilroy Realty Corp. (NYSE:KRC) opened at 71.88 on Thursday. The firm has a 50 day moving average of $69.39 and a 200-day moving average of $67.92. Kilroy Realty Corp. has a 1-year low of $46.76 and a 1-year high of $74.17. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 24.35 and a beta of 0.82.

Kilroy Realty Corp. (NYSE:KRC) last announced its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. The firm earned $168.30 million during the quarter, compared to analyst estimates of $144.06 million. Kilroy Realty Corp. had a net margin of 46.62% and a return on equity of 8.94%. The business’s quarterly revenue was up 18.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.77 EPS. On average, equities research analysts anticipate that Kilroy Realty Corp. will post $3.45 earnings per share for the current fiscal year.

Hedge funds have recently added to or reduced their stakes in the company. Quantitative Systematic Strategies LLC acquired a new stake in Kilroy Realty Corp. during the third quarter worth $1,689,000. Adelante Capital Management LLC increased its stake in Kilroy Realty Corp. by 7.8% in the third quarter. Adelante Capital Management LLC now owns 1,217,357 shares of the real estate investment trust’s stock worth $84,424,000 after buying an additional 87,624 shares in the last quarter. Credit Suisse AG increased its stake in Kilroy Realty Corp. by 19.2% in the third quarter. Credit Suisse AG now owns 406,065 shares of the real estate investment trust’s stock worth $28,161,000 after buying an additional 65,281 shares in the last quarter. Ameritas Investment Partners Inc. increased its stake in Kilroy Realty Corp. by 90.6% in the third quarter. Ameritas Investment Partners Inc. now owns 27,778 shares of the real estate investment trust’s stock worth $1,926,000 after buying an additional 13,203 shares in the last quarter. Finally, Phocas Financial Corp. increased its stake in Kilroy Realty Corp. by 4.8% in the third quarter. Phocas Financial Corp. now owns 14,558 shares of the real estate investment trust’s stock worth $1,010,000 after buying an additional 662 shares in the last quarter.

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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