Barclays Initiates Coverage on Kilroy Realty (NYSE:KRC)

Investment analysts at Barclays initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set an “equal weight” rating and a $38.00 price target on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 4.37% from the stock’s previous close.

Other equities research analysts also recently issued reports about the company. Royal Bank of Canada downgraded Kilroy Realty from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $44.00 to $39.00 in a report on Friday, March 8th. Deutsche Bank Aktiengesellschaft began coverage on Kilroy Realty in a report on Tuesday, January 30th. They issued a “hold” rating and a $40.00 price target for the company. KeyCorp lowered their price target on Kilroy Realty from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, February 28th. Finally, Wolfe Research downgraded Kilroy Realty from an “outperform” rating to a “peer perform” rating in a report on Friday, December 15th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $39.00.

Kilroy Realty Price Performance

KRC stock opened at $36.41 on Wednesday. Kilroy Realty has a 52-week low of $25.99 and a 52-week high of $43.37. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $4.27 billion, a PE ratio of 20.23, a P/E/G ratio of 2.65 and a beta of 1.02. The stock’s 50 day moving average is $36.18 and its two-hundred day moving average is $34.89.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in KRC. Norges Bank acquired a new position in Kilroy Realty during the 4th quarter worth $360,831,000. JPMorgan Chase & Co. boosted its position in Kilroy Realty by 116.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 2,892,931 shares of the real estate investment trust’s stock worth $91,446,000 after acquiring an additional 1,555,820 shares during the period. Rush Island Management LP acquired a new position in Kilroy Realty during the 3rd quarter worth $35,572,000. Millennium Management LLC boosted its position in Kilroy Realty by 90.5% during the 4th quarter. Millennium Management LLC now owns 2,230,415 shares of the real estate investment trust’s stock worth $86,250,000 after acquiring an additional 1,059,563 shares during the period. Finally, Senvest Management LLC boosted its position in Kilroy Realty by 39.5% during the 3rd quarter. Senvest Management LLC now owns 2,961,076 shares of the real estate investment trust’s stock worth $93,600,000 after acquiring an additional 837,755 shares during the period. Institutional investors and hedge funds 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.