Kilroy Realty (NYSE:KRC) Stock Rating Lowered by Jefferies Financial Group

Kilroy Realty (NYSE:KRC) was downgraded by research analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a report issued on Thursday, MarketBeat reports. They presently have a $41.00 price target on the real estate investment trust’s stock, down from their previous price target of $45.00. Jefferies Financial Group’s price target would suggest a potential upside of 1.36% from the stock’s previous close.

A number of other equities analysts also recently issued reports on KRC. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price target for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Barclays upped their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Evercore ISI boosted their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. Wells Fargo & Company cut their price target on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.67.

Kilroy Realty Trading Down 0.1 %

Shares of NYSE KRC opened at $40.45 on Thursday. The business’s 50 day moving average price is $40.66 and its 200-day moving average price is $37.45. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 24.22 and a beta of 1.03.

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

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Van ECK Associates Corp raised its stake in Kilroy Realty by 5.8% in the 2nd quarter. Van ECK Associates Corp now owns 20,750 shares of the real estate investment trust’s stock valued at $647,000 after purchasing an additional 1,141 shares during the last quarter. Versor Investments LP purchased a new position in shares of Kilroy Realty in the second quarter worth about $240,000. Victory Capital Management Inc. boosted its position in Kilroy Realty by 2.9% during the second quarter. Victory Capital Management Inc. now owns 121,185 shares of the real estate investment trust’s stock worth $3,777,000 after acquiring an additional 3,471 shares during the last quarter. Arizona State Retirement System grew its stake in Kilroy Realty by 1.9% during the 2nd quarter. Arizona State Retirement System now owns 31,203 shares of the real estate investment trust’s stock valued at $973,000 after acquiring an additional 594 shares in the last quarter. Finally, Candriam S.C.A. acquired a new stake in Kilroy Realty in the 2nd quarter valued at about $2,730,000. 94.22% of the stock is owned by institutional investors and hedge funds.

About Kilroy Realty

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.