Kilroy Realty (NYSE:KRC) Now Covered by Credit Suisse Group

Credit Suisse Group began coverage on shares of Kilroy Realty (NYSE:KRCGet Rating) in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage set an “underperform” rating on the real estate investment trust’s stock.

Several other brokerages also recently issued reports on KRC. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and raised their target price for the company from $82.00 to $83.00 in a research note on Friday, February 25th. BMO Capital Markets downgraded shares of Kilroy Realty from an “outperform” rating to a “market perform” rating and cut their target price for the company from $84.00 to $70.00 in a research note on Tuesday, May 31st. The Goldman Sachs Group upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and cut their target price for the company from $87.00 to $84.00 in a research note on Wednesday, May 25th. StockNews.com assumed coverage on shares of Kilroy Realty in a research note on Thursday, March 31st. They issued a “hold” rating for the company. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Kilroy Realty from $74.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 14th. One analyst has rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $78.63.

Kilroy Realty stock opened at $51.39 on Wednesday. The firm has a 50-day moving average of $63.13 and a 200-day moving average of $67.54. Kilroy Realty has a one year low of $49.17 and a one year high of $79.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.98. The company has a market cap of $6.00 billion, a price-to-earnings ratio of 33.16, a P/E/G ratio of 1.46 and a beta of 0.76.

Kilroy Realty (NYSE:KRCGet Rating) last posted its quarterly earnings data on Wednesday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04. Kilroy Realty had a net margin of 18.65% and a return on equity of 3.23%. The company had revenue of $265.50 million during the quarter, compared to the consensus estimate of $257.03 million. During the same period in the prior year, the business posted $0.98 EPS. The company’s quarterly revenue was up 12.7% on a year-over-year basis. As a group, sell-side analysts expect that Kilroy Realty will post 4.51 earnings per share for the current year.

In other Kilroy Realty news, EVP John Osmond sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $60.08, for a total transaction of $60,080.00. Following the completion of the sale, the executive vice president now directly owns 11,749 shares in the company, valued at $705,879.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.95% of the company’s stock.

Institutional investors and hedge funds have recently made changes to their positions in the company. MUFG Americas Holdings Corp increased its holdings in shares of Kilroy Realty by 97.0% during the fourth quarter. MUFG Americas Holdings Corp now owns 396 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 195 shares during the period. UMB Bank N A MO increased its holdings in shares of Kilroy Realty by 632.7% during the first quarter. UMB Bank N A MO now owns 403 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 348 shares during the period. Acadian Asset Management LLC bought a new position in shares of Kilroy Realty during the fourth quarter worth approximately $31,000. Signaturefd LLC increased its holdings in shares of Kilroy Realty by 42.5% during the first quarter. Signaturefd LLC now owns 808 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 241 shares during the period. Finally, Covestor Ltd bought a new position in shares of Kilroy Realty during the fourth quarter worth approximately $89,000. 97.95% of the stock is currently owned by institutional investors.

About Kilroy Realty (Get Rating)

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

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