Kilroy Realty (NYSE:KRC) Upgraded by JPMorgan Chase & Co. to Overweight Rating

JPMorgan Chase & Co. upgraded shares of Kilroy Realty (NYSE:KRC) from a neutral rating to an overweight rating in a report published on Friday, MarketBeat reports. JPMorgan Chase & Co. currently has $49.00 price objective on the real estate investment trust’s stock, up from their previous price objective of $45.00.

A number of other equities research analysts have also recently issued reports on KRC. Wells Fargo & Company lowered their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a research report on Thursday, November 14th. Barclays upped their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $40.63.

Kilroy Realty Stock Up 4.1 %

KRC stock opened at $40.50 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $4.78 billion, a PE ratio of 24.25 and a beta of 1.03. The stock’s 50 day moving average is $40.74 and its 200-day moving average is $36.90. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.12 earnings per share. Sell-side analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.33%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty’s payout ratio is 129.34%.

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Large investors have recently modified their holdings of the stock. Victory Capital Management Inc. grew its holdings in shares of Kilroy Realty by 585.2% during the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock worth $32,133,000 after acquiring an additional 709,126 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after buying an additional 689,962 shares during the period. Renaissance Technologies LLC increased its stake in shares of Kilroy Realty by 639.6% in the 2nd quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after acquiring an additional 272,148 shares in the last quarter. AQR Capital Management LLC lifted its position in Kilroy Realty by 45.9% during the 2nd quarter. AQR Capital Management LLC now owns 851,398 shares of the real estate investment trust’s stock valued at $26,393,000 after acquiring an additional 267,825 shares during the period. Finally, Squarepoint Ops LLC grew its holdings in Kilroy Realty by 1,858.8% in the second quarter. Squarepoint Ops LLC now owns 164,580 shares of the real estate investment trust’s stock worth $5,130,000 after purchasing an additional 156,178 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.