Kilroy Realty Corporation (NYSE:KRC) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Tuesday.

According to Zacks, “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. “

Several other equities research analysts have also commented on the stock. BidaskClub raised shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price target on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Deutsche Bank AG upped their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a report on Thursday, May 25th. Bank of America Corporation lowered shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and lowered their price target for the company from $80.00 to $77.00 in a report on Wednesday, August 16th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Kilroy Realty Corporation in a report on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $79.00.

Kilroy Realty Corporation (NYSE KRC) opened at 67.67 on Tuesday. The stock has a market cap of $6.65 billion, a PE ratio of 49.18 and a beta of 0.74. Kilroy Realty Corporation has a 12 month low of $65.77 and a 12 month high of $78.33. The company’s 50 day moving average price is $70.63 and its 200 day moving average price is $72.99.

Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, beating the consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The company had revenue of $180.60 million for the quarter, compared to analyst estimates of $178.63 million. During the same period in the prior year, the company earned $0.86 earnings per share. The firm’s revenue was up 12.8% on a year-over-year basis. Equities analysts forecast that Kilroy Realty Corporation will post $1.26 EPS for the current fiscal year.

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In other news, insider Justin William Smart sold 10,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total transaction of $766,600.00. Following the sale, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 2.28% of the company’s stock.

Several large investors have recently bought and sold shares of the company. Profund Advisors LLC increased its position in Kilroy Realty Corporation by 11.0% in the first quarter. Profund Advisors LLC now owns 16,715 shares of the real estate investment trust’s stock valued at $1,205,000 after buying an additional 1,653 shares during the period. Glen Harbor Capital Management LLC increased its position in Kilroy Realty Corporation by 20.5% in the first quarter. Glen Harbor Capital Management LLC now owns 5,096 shares of the real estate investment trust’s stock valued at $367,000 after buying an additional 868 shares during the period. Russell Investments Group Ltd. increased its position in Kilroy Realty Corporation by 23.8% in the first quarter. Russell Investments Group Ltd. now owns 357,342 shares of the real estate investment trust’s stock valued at $25,751,000 after buying an additional 68,773 shares during the period. Oregon Public Employees Retirement Fund increased its position in Kilroy Realty Corporation by 6.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 34,067 shares of the real estate investment trust’s stock valued at $2,456,000 after buying an additional 1,944 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its position in Kilroy Realty Corporation by 10.2% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 15,388 shares of the real estate investment trust’s stock valued at $1,109,000 after buying an additional 1,426 shares during the period. 99.72% of the stock is currently owned by institutional investors and hedge funds.

About Kilroy Realty Corporation

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

Analyst Recommendations for Kilroy Realty Corporation (NYSE:KRC)

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