Kilroy Realty (NYSE:KRC) Now Covered by Jefferies Financial Group

Stock analysts at Jefferies Financial Group initiated coverage on shares of Kilroy Realty (NYSE:KRC) in a report issued on Monday, Marketbeat reports. The brokerage set a “hold” rating and a $34.00 price target on the real estate investment trust’s stock. Jefferies Financial Group’s target price would indicate a potential upside of 2.55% from the company’s previous close.

Several other equities research analysts have also issued reports on the company. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Mizuho reissued a “neutral” rating and issued a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Royal Bank of Canada dropped their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. Evercore ISI decreased their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Finally, Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.09.

Kilroy Realty Stock Performance

Shares of KRC opened at $33.15 on Monday. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. The company has a market capitalization of $3.92 billion, a PE ratio of 18.73 and a beta of 1.02. The company’s 50 day moving average price is $36.06 and its 200 day moving average price is $38.37.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Research analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

Insider Activity

In related news, CEO Angela M. Aman acquired 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Several large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in Kilroy Realty in the 4th quarter valued at $11,892,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty in the fourth quarter valued at about $82,000. Tidal Investments LLC raised its position in Kilroy Realty by 51.1% in the fourth quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 3,820 shares in the last quarter. Sapience Investments LLC lifted its stake in Kilroy Realty by 20.0% during the fourth quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust’s stock worth $2,826,000 after purchasing an additional 11,646 shares during the period. Finally, Rush Island Management LP acquired a new stake in Kilroy Realty during the fourth quarter valued at approximately $109,502,000. 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.