Kilroy Realty (NYSE:KRC) Downgraded by Scotiabank to Sector Underperform

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

A number of other research analysts also recently issued reports on the stock. Evercore ISI upped their target price 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. Barclays upped their target price 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. Finally, Wells Fargo & Company cut their target price 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. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $39.43.

Kilroy Realty Stock Up 0.3 %

Shares of NYSE KRC opened at $39.93 on Thursday. The firm’s 50-day simple moving average is $39.13 and its 200 day simple moving average is $35.61. The company has a market cap of $4.71 billion, a price-to-earnings ratio of 23.91 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a 12-month low of $29.66 and a 12-month high of $43.78.

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

Insider Buying and Selling

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

Hedge Funds Weigh In On Kilroy Realty

Large investors have recently bought and sold shares of the company. Centersquare Investment Management LLC boosted its holdings 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 buying an additional 24,855 shares during the last quarter. Russell Investments Group Ltd. boosted its holdings 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 buying an additional 33,857 shares during the last quarter. PGGM Investments boosted its holdings in shares of Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock valued at $93,979,000 after buying an additional 1,385,692 shares during the last quarter. Swedbank AB acquired a new stake in shares of Kilroy Realty in the 1st quarter valued at approximately $5,811,000. Finally, Waterfall Asset Management LLC acquired a new stake in shares of Kilroy Realty in the 2nd quarter valued at approximately $1,309,000. Institutional investors and hedge funds 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.