JPMorgan Chase & Co. Reaffirms Neutral Rating for Kilroy Realty (NYSE:KRC)

Kilroy Realty (NYSE:KRC)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a note issued to investors on Friday, MarketBeat.com reports. They presently have a $44.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $46.00. JPMorgan Chase & Co.‘s price target suggests a potential upside of 9.20% from the stock’s current price.

KRC has been the topic of a number of other research reports. BMO Capital Markets cut shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective on the stock. in a report on Wednesday, July 16th. Scotiabank upgraded shares of Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and increased their target price for the company from $40.00 to $47.00 in a research report on Wednesday, September 17th. Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and increased their target price for the company from $33.00 to $45.00 in a research report on Monday, October 13th. Weiss Ratings reiterated a “hold (c+)” rating on shares of Kilroy Realty in a research report on Wednesday, October 8th. Finally, Wells Fargo & Company increased their target price on shares of Kilroy Realty from $33.00 to $40.00 and gave the company an “equal weight” rating in a research report on Wednesday, August 27th. Two analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $41.17.

Kilroy Realty Stock Down 0.4%

KRC stock opened at $40.29 on Friday. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty has a fifty-two week low of $27.07 and a fifty-two week high of $45.03. The firm’s 50-day simple moving average is $41.40 and its 200 day simple moving average is $36.45. The stock has a market cap of $4.77 billion, a PE ratio of 21.90 and a beta of 1.24.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.12. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The business had revenue of $289.89 million for the quarter, compared to analysts’ expectations of $268.84 million. During the same quarter last year, the company earned $1.10 EPS. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. As a group, sell-side analysts predict that Kilroy Realty will post 4 EPS for the current year.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 6,250 shares of the firm’s stock in a transaction that occurred on Wednesday, August 13th. The shares were sold at an average price of $38.28, for a total transaction of $239,250.00. Following the transaction, the chief accounting officer owned 26,435 shares of the company’s stock, valued at approximately $1,011,931.80. This trade represents a 19.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Eliott Trencher sold 3,997 shares of the firm’s stock in a transaction that occurred on Friday, August 8th. The shares were sold at an average price of $38.05, for a total transaction of $152,085.85. Following the transaction, the executive vice president directly owned 43,826 shares in the company, valued at approximately $1,667,579.30. The trade was a 8.36% decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRC. Norges Bank bought a new position in Kilroy Realty during the second quarter valued at approximately $310,746,000. Daiwa Securities Group Inc. raised its position in shares of Kilroy Realty by 168.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock valued at $122,246,000 after purchasing an additional 2,236,539 shares during the period. Route One Investment Company L.P. bought a new position in shares of Kilroy Realty in the second quarter valued at approximately $34,341,000. Northern Trust Corp raised its position in shares of Kilroy Realty by 39.5% in the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust’s stock valued at $95,785,000 after purchasing an additional 827,365 shares during the period. Finally, Long Pond Capital LP bought a new position in shares of Kilroy Realty in the first quarter valued at approximately $24,183,000. Institutional investors own 94.22% of the company’s stock.

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, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.