Kilroy Realty Corporation (NYSE:KRC) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus restated their buy rating on shares of Kilroy Realty Corporation (NYSE:KRC) in a report released on Thursday, August 3rd.

Other equities analysts have also recently issued research reports about the stock. BidaskClub upgraded shares of Kilroy Realty Corporation from a hold rating to a buy rating in a research note on Thursday, June 15th. BMO Capital Markets reaffirmed a buy rating and issued a $82.00 target price on shares of Kilroy Realty Corporation in a report on Wednesday, April 5th. Deutsche Bank AG upped their target price on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the stock a hold rating in a report on Thursday, May 25th. Finally, Zacks Investment Research lowered shares of Kilroy Realty Corporation from a hold rating to a sell rating in a report on Wednesday, April 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the stock. Kilroy Realty Corporation currently has a consensus rating of Hold and an average target price of $79.20.

Kilroy Realty Corporation (NYSE KRC) opened at 68.64 on Thursday. The firm’s 50-day moving average is $72.31 and its 200 day moving average is $73.39. Kilroy Realty Corporation has a one year low of $65.77 and a one year high of $78.33. The firm has a market capitalization of $6.75 billion, a price-to-earnings ratio of 49.88 and a beta of 0.74.

Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The company had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same quarter in the prior year, the company posted $0.86 EPS. The business’s revenue was up 12.8% on a year-over-year basis. Analysts forecast that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.

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In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the company’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $76.86, for a total transaction of $768,600.00. Following the transaction, the insider now directly owns 93,017 shares in the company, valued at approximately $7,149,286.62. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.28% of the company’s stock.

Several hedge funds have recently made changes to their positions in KRC. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in shares of Kilroy Realty Corporation by 10.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,388 shares of the real estate investment trust’s stock worth $1,109,000 after buying an additional 1,426 shares in the last quarter. Oregon Public Employees Retirement Fund increased its stake in shares of Kilroy Realty Corporation by 6.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 34,067 shares of the real estate investment trust’s stock worth $2,456,000 after buying an additional 1,944 shares in the last quarter. Russell Investments Group Ltd. increased its stake in shares of Kilroy Realty Corporation by 23.8% in the first quarter. Russell Investments Group Ltd. now owns 357,342 shares of the real estate investment trust’s stock worth $25,751,000 after buying an additional 68,773 shares in the last quarter. Glen Harbor Capital Management LLC increased its stake in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock worth $367,000 after buying an additional 868 shares in the last quarter. Finally, Profund Advisors LLC increased its stake in shares of Kilroy Realty Corporation by 11.0% in the first quarter. Profund Advisors LLC now owns 16,715 shares of the real estate investment trust’s stock worth $1,205,000 after buying an additional 1,653 shares in the last quarter. Institutional investors and hedge funds own 99.72% of the company’s stock.

Kilroy Realty Corporation 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 Corporation (NYSE:KRC)

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