Kilroy Realty (NYSE:KRC) Raised to Overweight at JPMorgan Chase & Co.

Kilroy Realty (NYSE:KRC - Get Free Report) was upgraded by research analysts at JPMorgan Chase & Co. from a "neutral" rating to an "overweight" rating in a research report issued to clients and investors on Friday, Marketbeat reports. The firm presently has a $49.00 target price on the real estate investment trust's stock, up from their prior target price of $45.00. JPMorgan Chase & Co.'s target price would suggest a potential upside of 20.99% from the stock's previous close.

Several other research firms have also recently issued reports on KRC. Barclays increased their target price on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an "equal weight" rating in a research note on Monday, October 28th. Scotiabank lowered 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. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an "in-line" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company dropped their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $40.63.

Kilroy Realty Stock Performance

Shares of NYSE:KRC traded up $1.59 during trading on Friday, hitting $40.50. 3,442,087 shares of the company were exchanged, compared to its average volume of 1,070,212. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The stock has a 50 day moving average of $40.71 and a 200 day moving average of $36.86. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The company has a market cap of $4.78 billion, a PE ratio of 24.25 and a beta of 1.03.

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

Insider Activity at Kilroy Realty

In other Kilroy Realty 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 transaction of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of KRC. Assetmark Inc. grew its position in Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust's stock worth $1,037,000 after acquiring an additional 274 shares during the last quarter. FMR LLC grew its holdings in shares of Kilroy Realty by 2.2% in the third quarter. FMR LLC now owns 15,201 shares of the real estate investment trust's stock worth $588,000 after purchasing an additional 329 shares during the last quarter. Commerce Bank increased its stake in shares of Kilroy Realty by 3.0% in the third quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust's stock worth $448,000 after buying an additional 342 shares during the period. GAMMA Investing LLC raised its holdings in Kilroy Realty by 33.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust's stock valued at $57,000 after buying an additional 371 shares during the last quarter. Finally, Mercer Global Advisors Inc. ADV boosted its position in Kilroy Realty by 6.0% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust's stock valued at $210,000 after buying an additional 383 shares during the period. Hedge funds and other 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.