Kilroy Realty (NYSE:KRC) Price Target Cut to $42.00 by Analysts at JPMorgan Chase & Co.

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target decreased by analysts at JPMorgan Chase & Co. from $49.00 to $42.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s target price indicates a potential upside of 42.80% from the company's current price.

KRC has been the topic of a number of other reports. The Goldman Sachs Group restated a "neutral" rating and issued a $36.00 target price (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Barclays raised Kilroy Realty from an "equal weight" rating to an "overweight" rating and raised their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Wells Fargo & Company downgraded 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 research report on Monday, March 10th. Evercore ISI lowered their price target on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, Royal Bank of Canada dropped their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating for the company in a research note on Monday, March 10th. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $38.82.

Kilroy Realty Price Performance

Shares of KRC traded down $0.59 during midday trading on Wednesday, hitting $29.41. 3,268,154 shares of the company traded hands, compared to its average volume of 1,587,733. Kilroy Realty has a 52 week low of $27.80 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 firm has a 50 day moving average of $34.76 and a 200-day moving average of $38.10. The stock has a market cap of $3.47 billion, a price-to-earnings ratio of 16.62 and a beta of 1.04.

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

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Angela M. Aman acquired 2,797 shares of the firm's stock in a transaction that occurred on Friday, February 28th. The shares were bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now directly owns 2,797 shares in the company, valued at $99,153.65. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

A number of large investors have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB purchased a new position in Kilroy Realty in the third quarter worth $34,000. Summit Securities Group LLC purchased a new position in Kilroy Realty during the 4th quarter worth $49,000. GAMMA Investing LLC raised its stake in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after buying an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty in the fourth quarter worth about $82,000. Finally, Fifth Third Bancorp grew its stake in shares of Kilroy Realty by 31.7% during the fourth quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust's stock worth $102,000 after acquiring an additional 607 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors.

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.