Scotiabank Downgrades Kilroy Realty (NYSE:KRC) to Sector Underperform

Kilroy Realty (NYSE:KRC) was downgraded by research analysts at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a research note issued on Thursday,Briefing.com Automated Import reports. They presently have a $38.00 target price on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential downside of 4.83% from the company’s previous close.

A number of other equities analysts have also commented on KRC. Evercore ISI lifted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday, October 30th. Wells Fargo & Company dropped their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, Barclays lifted their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Price Performance

NYSE KRC opened at $39.93 on Thursday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market capitalization of $4.71 billion, a PE ratio of 23.91 and a beta of 1.03. The company has a 50 day moving average price of $39.13 and a two-hundred day moving average price of $35.61. Kilroy Realty has a 12-month low of $29.66 and a 12-month high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The business had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter last year, the firm earned $1.12 earnings per share. Kilroy Realty’s revenue was up 2.2% compared to the same quarter last year. As a group, equities analysts predict that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of KRC. QRG Capital Management Inc. bought a new stake in Kilroy Realty in the 1st quarter valued at $243,000. Russell Investments Group Ltd. boosted its stake in shares of Kilroy Realty by 33.8% in the 1st quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust’s stock valued at $4,885,000 after purchasing an additional 33,857 shares in the last quarter. State Board of Administration of Florida Retirement System boosted its stake in shares of Kilroy Realty by 2.1% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 118,903 shares of the real estate investment trust’s stock valued at $4,332,000 after purchasing an additional 2,389 shares in the last quarter. Centersquare Investment Management LLC boosted its stake in shares of Kilroy Realty by 1.0% in the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock valued at $87,817,000 after purchasing an additional 24,855 shares in the last quarter. Finally, Jupiter Asset Management Ltd. boosted its stake in shares of Kilroy Realty by 222.1% in the 1st quarter. Jupiter Asset Management Ltd. now owns 276,037 shares of the real estate investment trust’s stock valued at $10,056,000 after purchasing an additional 190,350 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.