Kilroy Realty (NYSE:KRC) Lowered to “Neutral” at Robert W. Baird

Kilroy Realty (NYSE:KRC) was downgraded by equities researchers at Robert W. Baird from an “outperform” rating to a “neutral” rating in a note issued to investors on Monday, January 8th, MarketBeat reports.

Several other equities research analysts have also recently commented on KRC. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Goldman Sachs Group started coverage on shares of Kilroy Realty in a research report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price target for the company. Stifel Nicolaus restated a “buy” rating and set a $77.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 21st. Finally, JPMorgan Chase & Co. lowered shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective for the company. in a research note on Friday, December 15th. 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 company’s stock. The stock currently has an average rating of “Hold” and an average target price of $76.86.

Kilroy Realty (NYSE KRC) opened at $71.55 on Monday. The firm has a market cap of $7,039.25, a PE ratio of 47.07, a price-to-earnings-growth ratio of 2.70 and a beta of 0.79. Kilroy Realty has a 52 week low of $67.00 and a 52 week high of $78.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85.

Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.19). The business had revenue of $181.50 million for the quarter, compared to the consensus estimate of $179.03 million. Kilroy Realty had a net margin of 23.77% and a return on equity of 4.44%. Kilroy Realty’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.92 EPS. equities research analysts anticipate that Kilroy Realty will post 3.48 EPS for the current year.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Advisor Group Inc. increased its position in Kilroy Realty by 27.8% during the second quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 426 shares during the last quarter. Perigon Wealth Management LLC grew its holdings in shares of Kilroy Realty by 54.5% in the second quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $161,000 after purchasing an additional 750 shares during the last quarter. Timber Hill LLC bought a new position in shares of Kilroy Realty in the third quarter worth about $215,000. Vident Investment Advisory LLC purchased a new stake in Kilroy Realty in the third quarter worth about $235,000. Finally, Quantbot Technologies LP lifted its stake in Kilroy Realty by 53.8% in the second quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,121 shares during the period. Institutional investors own 97.80% of the company’s stock.

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Kilroy Realty Company Profile

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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