UBS Maintains a 'Buy' on Kilroy Realty (KRC); Spreads Its Wings

UBS maintains a 'Buy' on Kilroy Realty (NYSE: KRC), raises PT from $41 to $45.

UBS analyst says, "Traditionally known as a developer, Kilroy has successfully morphed into an acquirer until the development cycle re-emerges (not likely until 2013). With $133M closed to date, $168M in escrow, and $162M in final negotiations, Kilroy is on track to add ~$500M of properties in 2011 - well ahead of expectations...We expect KRC to continue reporting office sector leading SS NOI of 4%+ over the next few quarters on the back of strong occupancy gains, despite continued rent rolldowns."

For more ratings news on Kilroy Realty click here and for the rating history of Kilroy Realty click here.

Shares of Kilroy Realty closed at $41.17 yesterday.

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