Kilroy Realty (NYSE:KRC) Given New $39.00 Price Target at Wells Fargo & Company

Kilroy Realty (NYSE:KRC) had its price target increased by investment analysts at Wells Fargo & Company from $36.00 to $39.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective indicates a potential upside of 5.49% from the stock’s current price.

Several other research analysts have also recently weighed in on KRC. StockNews.com initiated coverage on Kilroy Realty in a research report on Thursday, August 17th. They set a “hold” rating on the stock. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $47.00 to $38.00 in a research note on Thursday, June 15th. Citigroup raised their price objective on Kilroy Realty from $29.00 to $36.00 and gave the stock a “neutral” rating in a research report on Thursday, August 10th. Royal Bank of Canada lowered their price objective on Kilroy Realty from $45.00 to $40.00 in a research report on Tuesday, May 30th. Finally, The Goldman Sachs Group raised their price objective on Kilroy Realty from $40.00 to $45.00 and gave the stock a “buy” rating in a research report on Tuesday, August 8th. Nine analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $42.92.

Kilroy Realty Trading Up 0.2 %

NYSE:KRC traded up $0.08 on Wednesday, hitting $36.97. 196,588 shares of the stock were exchanged, compared to its average volume of 1,178,079. The company has a debt-to-equity ratio of 0.78, a quick ratio of 2.21 and a current ratio of 2.21. The company’s 50-day moving average price is $33.86 and its 200 day moving average price is $31.97. Kilroy Realty has a 52 week low of $25.99 and a 52 week high of $51.76. The stock has a market capitalization of $4.33 billion, a price-to-earnings ratio of 17.80, a P/E/G ratio of 6.98 and a beta of 0.92.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nissay Asset Management Corp Japan ADV boosted its holdings in Kilroy Realty by 2.6% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 11,098 shares of the real estate investment trust’s stock valued at $429,000 after purchasing an additional 278 shares during the period. Ameritas Investment Partners Inc. boosted its stake in shares of Kilroy Realty by 1.1% during the 1st quarter. Ameritas Investment Partners Inc. now owns 28,061 shares of the real estate investment trust’s stock valued at $2,144,000 after purchasing an additional 298 shares in the last quarter. Lindbrook Capital LLC boosted its stake in Kilroy Realty by 48.7% during the second quarter. Lindbrook Capital LLC now owns 956 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 313 shares in the last quarter. LPL Financial LLC raised its holdings in Kilroy Realty by 7.6% in the second quarter. LPL Financial LLC now owns 4,957 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 349 shares during the last quarter. Finally, M&T Bank Corp raised its holdings in Kilroy Realty by 2.9% in the third quarter. M&T Bank Corp now owns 12,777 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 359 shares during the last quarter. 94.22% of the stock is 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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.