JPMorgan Chase & Co. Issues Pessimistic Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its target price lowered by equities researchers 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 price target would suggest a potential upside of 13.35% from the company’s current price.

A number of other brokerages have also recently issued reports on KRC. The Goldman Sachs Group reissued a “neutral” rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. 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. Royal Bank Of Canada decreased their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research report on Monday, March 10th. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday, March 31st. Finally, Wells Fargo & Company decreased their target price on Kilroy Realty from $35.00 to $33.00 and set an “equal weight” rating for the company in a research report on Monday, May 19th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $38.90.

Kilroy Realty Trading Up 1.0%

NYSE:KRC opened at $35.29 on Wednesday. The stock has a 50-day simple moving average of $33.24 and a 200-day simple moving average of $34.76. The stock has a market cap of $4.17 billion, a P/E ratio of 21.01 and a beta of 1.19. Kilroy Realty has a 1 year low of $27.07 and a 1 year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.03 by ($0.01). The business had revenue of $270.84 million for the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a return on equity of 3.57% and a net margin of 17.74%. The company’s revenue was down 2.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.11 earnings per share. As a group, analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Institutional Trading of Kilroy Realty

Hedge funds have recently added to or reduced their stakes in the stock. Kera Capital Partners Inc. acquired a new stake in shares of Kilroy Realty in the 2nd quarter valued at approximately $346,000. Voya Investment Management LLC lifted its holdings in shares of Kilroy Realty by 37.0% in the 1st quarter. Voya Investment Management LLC now owns 149,894 shares of the real estate investment trust’s stock valued at $4,911,000 after buying an additional 40,511 shares during the period. Strs Ohio acquired a new stake in shares of Kilroy Realty in the 1st quarter valued at approximately $9,575,000. Intrua Financial LLC lifted its holdings in shares of Kilroy Realty by 8.3% in the 1st quarter. Intrua Financial LLC now owns 6,722 shares of the real estate investment trust’s stock valued at $220,000 after buying an additional 513 shares during the period. Finally, Bayforest Capital Ltd acquired a new stake in shares of Kilroy Realty in the 1st quarter valued at approximately $412,000. 94.22% of the stock is owned by institutional investors and hedge funds.

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.