Kilroy Realty Corp (KRC) is Upgraded by BofA/Merrill to Buy

Kilroy Realty Corp (KRC) was Upgraded by BofA/Merrill to ” Buy”. Earlier the firm had a rating of “Neutral ” on the company shares. BofA/Merrill advised their investors in a research report released on Oct 14, 2016.

Many Wall Street Analysts have commented on Kilroy Realty Corp. Company shares were Reiterated by Stifel on Sep 1, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $75 .Company shares were Reiterated by DA Davidson on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 78 from a previous price target of $70 .

On the company’s financial health, Kilroy Realty Corp reported $0.86 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 25, 2016. Analyst had a consensus of $0.85. The company had revenue of $160.10 million for the quarter, compared to analysts expectations of $151.64 million. The company’s revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 EPS.

Kilroy Realty Corp closed down -0.28 points or -0.41% at $68 with 7,01,773 shares getting traded on Tuesday. Post opening the session at $67.92, the shares hit an intraday low of $67.61 and an intraday high of $68.41 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

In a different news, on May 6, 2016, Heidi Rena Roth (EVP, CAO and Controller) sold 1,235 shares at $65.33 per share price. According to the SEC, on May 6, 2016, Tyler H Rose (EVP and CFO) sold 12,500 shares at $65.05 per share price. On Aug 7, 2015, Michael L. Sanford (EVP, Northern California) sold 9,000 shares at $71.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT) that 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 Seattle. Its 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. Its stabilized portfolio consists of 111 office properties which has approximately 14 million rentable square feet. It 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). It conducts substantially all of its operations through the Operating Partnership.

Kilroy Realty Corp

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