Kilroy Realty (NYSE:KRC) Stock Rating Upgraded by Barclays

Kilroy Realty (NYSE:KRC) was upgraded by analysts at Barclays from an “equal weight” rating to an “overweight” rating in a note issued to investors on Thursday,Finviz reports. The firm currently has a $44.00 price target on the real estate investment trust’s stock, up from their prior price target of $42.00. Barclays‘s price objective points to a potential upside of 27.47% from the stock’s previous close.

A number of other equities research analysts have also weighed in on KRC. Royal Bank of Canada restated a “sector perform” rating and set a $44.00 price objective on shares of Kilroy Realty in a research note on Monday, February 10th. The Goldman Sachs Group reduced their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Finally, Evercore ISI reduced their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and five have given a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $41.45.

Kilroy Realty Stock Performance

NYSE KRC opened at $34.52 on Thursday. The business’s 50-day moving average price is $37.83 and its 200 day moving average price is $38.44. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a market capitalization of $4.08 billion, a PE ratio of 19.50 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share 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, research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors have recently made changes to their positions in KRC. Wilmington Savings Fund Society FSB bought a new position in Kilroy Realty during the third quarter valued at about $34,000. Summit Securities Group LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $49,000. GAMMA Investing LLC boosted its holdings in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock worth $75,000 after acquiring an additional 374 shares in the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $82,000. Finally, Fifth Third Bancorp boosted its holdings in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares in the last quarter. 94.22% of the stock is currently 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.