Kilroy Realty (NYSE:KRC) has been upgraded from Neutral to Buy in a report by BofA Merrill today.
- Updated: October 14, 2016
BofA Merrill has upgraded Kilroy Realty (NYSE:KRC) from Neutral to Buy in a report released on Friday October 14, 2016.
Previously on 9/01/2016, Stifel Nicolaus released a statement about Kilroy Realty (NYSE:KRC) increased the target price from $75.00 to $80.00. At the time, this indicated a possible upside of 0.10%.
Just yesterday Kilroy Realty (NYSE:KRC) traded 1.75% higher at $69.58. Kilroy Realty’s 50-day moving average is $69.54 and its 200-day moving average is $66.72. The last stock price is up 6.12% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same time period. 260,612 shares of KRC traded hands, down from an average trading volume of 591,057
Recent Performance Chart
Kilroy Realty has a 52 week low of $46.76 and a 52 week high of $74.17 with a P/E ratio of 20.21 The company’s market cap is currently $0.
In addition to BofA Merrill reporting its target price, a total of 13 firms have reported on the stock. The consensus target price is $70.31 with 3 firms rating the stock a strong buy, 5 firms rating the stock a buy, 7 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.
About Kilroy Realty (NYSE:KRC)
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle. It operates in the office properties segment. The Company owns its interests in all of its real estate assets through Kilroy Realty, L.P. (the Operating Partnership) and Kilroy Realty Finance Partnership, L.P. (the Finance Partnership). The Company conducts all of its operations through the Operating Partnership. The Company's stabilized portfolio includes all of its properties with the exception of development and redevelopment properties under construction or committed for construction, lease-up properties, undeveloped land and real estate assets held for sale.
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