Kilroy Realty (NYSE:KRC) Price Target Cut to $42.00 by Analysts at JPMorgan Chase & Co.

Kilroy Realty (NYSE:KRC) had its price target reduced by analysts at JPMorgan Chase & Co. from $49.00 to $42.00 in a research note issued on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 27.39% from the stock’s current price.

KRC has been the subject of several other reports. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. KeyCorp cut their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research note on Monday. Finally, Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They issued a “hold” rating and a $34.00 target price for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $38.82.

Kilroy Realty Stock Performance

Shares of NYSE:KRC traded up $0.11 during trading on Wednesday, reaching $32.97. 449,741 shares of the company’s stock traded hands, compared to its average volume of 1,147,808. The stock has a market capitalization of $3.89 billion, a P/E ratio of 18.63 and a beta of 1.02. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The company has a 50 day moving average of $35.18 and a 200-day moving average of $38.26.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities analysts expect that Kilroy Realty will post 4 EPS for the current year.

Insider Buying and Selling at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at approximately $3,013,486.56. The trade was a 6.47 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors have recently added to or reduced their stakes in KRC. Norges Bank bought a new stake in shares of Kilroy Realty during the fourth quarter worth $366,356,000. Rush Island Management LP bought a new stake in Kilroy Realty during the 4th quarter worth about $109,502,000. Bamco Inc. NY acquired a new stake in Kilroy Realty in the 4th quarter valued at about $58,747,000. Northern Trust Corp raised its stake in shares of Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock worth $84,802,000 after acquiring an additional 1,085,914 shares during the last quarter. Finally, Deutsche Bank AG lifted its position in shares of Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock worth $32,987,000 after purchasing an additional 753,999 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

About Kilroy Realty

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.