Market Overview

UPDATE: JP Morgan Raises PT to $55 on Kilroy Realty on Model Update Following Q4

Share:
Related KRC
Viacom Is Moving Comedy Central, MTV And Spike Back To This Iconic Site
Tech Giants' Office Demands Driving 2 REITs To 52-Week Highs
Credit Suisse makes REIT coverage moves (Seeking Alpha)

JP Morgan maintained Kilroy Realty (NYSE: KRC) with an Overweight rating and raised the price target from $53.00 to $55.00.

JP Morgan commented, "We are updating our model and lowering our 2013 FFO estimate $0.05 to $2.50 and maintaining our 2014 FFO estimate of $2.79 post 4Q earnings. Our new 2013 estimate is $0.03 below the midpoint of management's $2.43-2.63 guidance and $0.01 below the Bloomberg consensus. For 2014, our estimate is $0.09 above the Bloomberg Consensus. Note that the 2013 estimate decline is timing related (i.e. an expected 1H dip in occupancy not in our estimates previously), hence our 2014 estimate remaining intact."

Kilroy Realty closed at $51.24 on Monday.

Latest Ratings for KRC

DateFirmActionFromTo
Jan 2015Deutsche BankMaintainsBuy
Dec 2014CitigroupMaintainsNeutral
Dec 2014DA DavidsonInitiates Coverage onNeutral

View More Analyst Ratings for KRC
View the Latest Analyst Ratings

Posted-In: JP MorganAnalyst Color Price Target Analyst Ratings

 

Related Articles (KRC)

Around the Web, We're Loving...

Get Benzinga's Newsletters