November 28, 2016 - By Vivian Park
Evercore ISI Group gave Kilroy Realty (NYSE:KRC) shares a new Hold rating in a a research note revealed on Monday morning. This is downgrade from the old Buy rating.
Out of 11 analysts covering Kilroy Realty (NYSE:KRC), 8 rate it a “Buy”, 1 “Sell”, while 2 “Hold”. This means 73% are positive. $80.0 is the highest target while $61 is the lowest. The $73.35 average target is 0.49% above today’s ($72.99) stock price. Kilroy Realty has been the topic of 19 analyst reports since July 31, 2015 according to StockzIntelligence Inc. The rating was initiated by BTIG Research with “Buy” on Thursday, August 25. The firm has “Buy” rating given on Friday, April 29 by Stifel Nicolaus. On Friday, November 13 the stock rating was initiated by BB&T Capital with “Buy”. BMO Capital Markets initiated it with “Market Perform” rating and $66 target price in Thursday, September 10 report. Stifel Nicolaus downgraded the shares of KRC in a report on Thursday, October 22 to “Neutral” rating. On Monday, May 2 the stock rating was maintained by Deutsche Bank with “Buy”. As per Friday, April 15, the company rating was upgraded by BMO Capital Markets. The firm earned “Buy” rating on Friday, October 14 by Bank of America. Argus Research downgraded Kilroy Realty Corp (NYSE:KRC) on Monday, March 7 to “Hold” rating. The rating was downgraded by Credit Suisse on Friday, July 31 to “Underperform”.
About 389,113 shares traded hands. Kilroy Realty Corp (NYSE:KRC) has risen 13.10% since April 25, 2016 and is uptrending. It has outperformed by 7.09% the S&P500.
Analysts await Kilroy Realty Corp (NYSE:KRC) to report earnings on February, 6. They expect $0.87 EPS, up 8.75% or $0.07 from last year’s $0.8 per share. KRC’s profit will be $79.98 million for 20.97 P/E if the $0.87 EPS becomes a reality. After $0.92 actual EPS reported by Kilroy Realty Corp for the previous quarter, Wall Street now forecasts -5.43% negative EPS growth.
Insitutional Activity: The institutional sentiment decreased to 1.21 in Q2 2016. Its down 0.11, from 1.32 in 2016Q1. The ratio dropped, as 21 funds sold all Kilroy Realty Corp shares owned while 71 reduced positions. 30 funds bought stakes while 91 increased positions. They now own 98.54 million shares or 0.18% less from 98.72 million shares in 2016Q1.
Oakbrook Ltd Liability Co, a Illinois-based fund reported 4,766 shares. Voya Invest Management Limited Liability Company has 0.01% invested in the company for 42,907 shares. Strs Ohio last reported 138,279 shares in the company. Ny State Common Retirement Fund has 214,800 shares for 0.02% of their US portfolio. Tiaa Cref Invest Mgmt Limited Liability holds 0.01% or 289,717 shares in its portfolio. Macquarie holds 0% or 23,581 shares in its portfolio. South Texas Money Limited holds 0.63% of its portfolio in Kilroy Realty Corp (NYSE:KRC) for 169,547 shares. Teachers Retirement System Of The State Of Kentucky has invested 0.02% of its portfolio in Kilroy Realty Corp (NYSE:KRC). Moreover, Diam Ltd has 0.19% invested in Kilroy Realty Corp (NYSE:KRC) for 196,680 shares. California State Teachers Retirement System has 197,008 shares for 0.03% of their US portfolio. Amica Pension Fund Board Of Trustees last reported 0.05% of its portfolio in the stock. Bnp Paribas Arbitrage accumulated 50,268 shares or 0.02% of the stock. Visium Asset Mngmt Limited Partnership accumulated 0.14% or 29,434 shares. The Japan-based Nomura Asset Management Limited has invested 0.08% in Kilroy Realty Corp (NYSE:KRC). Amica Retiree Medical Tru has 850 shares for 0.05% of their US portfolio.
Kilroy Realty Corporation is a self-administered real estate investment trust . The company has a market cap of $6.71 billion. The Firm focuses on office submarkets in the West Coast. It has a 24.76 P/E ratio. The Firm owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
According to Zacks Investment Research, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space.”
Kilroy Realty Corporation, incorporated on September 13, 1996, is a self-administered real estate investment trust (REIT). The Firm focuses on office submarkets in the West Coast. The Firm owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle. It operates in the office properties segment. The Firm owns its interests in all of its real estate assets through Kilroy Realty, L.P. (the Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). The Firm conducts all of its activities through the Operating Partnership.
Another recent and important Kilroy Realty Corp (NYSE:KRC) news was published by Businesswire.com which published an article titled: “Kilroy Realty Corporation Earns Two Green Lease Leaders Team Transaction Awards” on July 01, 2016.
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By Vivian Park