Kilroy Realty (NYSE:KRC) Upgraded at JPMorgan Chase & Co.

JPMorgan Chase & Co. upgraded shares of Kilroy Realty (NYSE:KRC) from a neutral rating to an overweight rating in a research report released on Friday morning, MarketBeat.com reports. JPMorgan Chase & Co. currently has $49.00 target price on the real estate investment trust’s stock, up from their previous target price of $45.00.

A number of other analysts also recently weighed in on the stock. Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Barclays boosted their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. Finally, Evercore ISI increased their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $40.63.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $40.50 on Friday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm has a market cap of $4.78 billion, a price-to-earnings ratio of 24.25 and a beta of 1.03. The firm has a fifty day moving average price of $40.74 and a 200 day moving average price of $36.96. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company’s revenue for the quarter was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.12 EPS. As a group, sell-side analysts expect that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be paid a $0.54 dividend. The ex-dividend date of this dividend is Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 5.33%. Kilroy Realty’s dividend payout ratio (DPR) is currently 129.34%.

Insiders Place Their Bets

In related news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares of the company’s stock, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of KRC. Waterfall Asset Management LLC purchased a new position in Kilroy Realty during the second quarter valued at approximately $1,309,000. CWA Asset Management Group LLC bought a new stake in Kilroy Realty during the 3rd quarter valued at $476,000. Vestcor Inc increased its holdings in shares of Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares during the period. Edgestream Partners L.P. bought a new position in shares of Kilroy Realty in the 2nd quarter worth $1,178,000. Finally, International Assets Investment Management LLC lifted its stake in shares of Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 13,096 shares during the last quarter. Institutional investors 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.