Credit Suisse Group Begins Coverage on Kilroy Realty (NYSE:KRC)

Credit Suisse Group initiated coverage on shares of Kilroy Realty (NYSE:KRCGet Rating) in a report published on Wednesday, The Fly reports. The firm issued an underperform rating on the real estate investment trust’s stock.

Several other equities analysts have also issued reports on the stock. Bank of America upgraded shares of Kilroy Realty from a neutral rating to a buy rating and boosted their target price for the company from $82.00 to $83.00 in a report on Friday, February 25th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Kilroy Realty from $74.00 to $75.00 and gave the company a hold rating in a report on Thursday, April 14th. TheStreet lowered shares of Kilroy Realty from a b- rating to a c+ rating in a report on Tuesday, May 31st. StockNews.com assumed coverage on shares of Kilroy Realty in a report on Thursday, March 31st. They issued a hold rating on the stock. Finally, BMO Capital Markets lowered shares of Kilroy Realty from an outperform rating to a market perform rating and dropped their target price for the company from $84.00 to $70.00 in a report on Tuesday, May 31st. One analyst has rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $78.63.

Shares of NYSE:KRC opened at $51.39 on Wednesday. The firm has a market cap of $6.00 billion, a PE ratio of 33.16, a price-to-earnings-growth ratio of 1.46 and a beta of 0.76. The firm’s fifty day moving average is $63.13 and its 200-day moving average is $67.54. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.98 and a current ratio of 1.98. Kilroy Realty has a 52 week low of $49.17 and a 52 week high of $79.06.

Kilroy Realty (NYSE:KRCGet Rating) last issued its quarterly earnings results 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. The company had revenue of $265.50 million for the quarter, compared to analyst estimates of $257.03 million. Kilroy Realty had a net margin of 18.65% and a return on equity of 3.23%. Kilroy Realty’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.98 earnings per share. Sell-side analysts forecast that Kilroy Realty will post 4.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 13th. Shareholders of record on Thursday, June 30th will be paid a $0.52 dividend. This represents a $2.08 annualized dividend and a yield of 4.05%. The ex-dividend date is Wednesday, June 29th. Kilroy Realty’s dividend payout ratio (DPR) is currently 134.19%.

In other Kilroy Realty news, EVP John Osmond sold 1,000 shares of Kilroy Realty stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $60.08, for a total value of $60,080.00. Following the completion of the sale, the executive vice president now directly owns 11,749 shares of the company’s stock, valued at $705,879.92. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 1.95% of the company’s stock.

Several large investors have recently bought and sold shares of KRC. Norges Bank bought a new stake in shares of Kilroy Realty during the fourth quarter worth about $601,929,000. JPMorgan Chase & Co. grew its position in Kilroy Realty by 112.8% in the 1st quarter. JPMorgan Chase & Co. now owns 4,975,750 shares of the real estate investment trust’s stock worth $380,246,000 after purchasing an additional 2,637,485 shares in the last quarter. State Street Corp grew its position in Kilroy Realty by 15.1% in the 1st quarter. State Street Corp now owns 6,174,949 shares of the real estate investment trust’s stock worth $475,035,000 after purchasing an additional 811,897 shares in the last quarter. Lasalle Investment Management Securities LLC grew its position in Kilroy Realty by 2,091.3% in the 4th quarter. Lasalle Investment Management Securities LLC now owns 773,542 shares of the real estate investment trust’s stock worth $51,410,000 after purchasing an additional 738,242 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its position in Kilroy Realty by 425.4% in the 4th quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 789,776 shares of the real estate investment trust’s stock worth $52,489,000 after purchasing an additional 639,450 shares in the last quarter. 97.95% of the stock is 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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