Kilroy Realty (NYSE:KRC) Rating Lowered to “Hold” at Jefferies Financial Group

Kilroy Realty (NYSE:KRC) was downgraded by analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research note issued to investors on Thursday, MarketBeat Ratings reports. They currently have a $41.00 target price on the real estate investment trust’s stock, down from their prior target price of $45.00. Jefferies Financial Group’s target price would indicate a potential upside of 0.91% from the company’s previous close.

Several other research analysts also recently commented on the company. Barclays lifted their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Evercore ISI upped their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a report on Wednesday, October 30th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. 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, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $40.67.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $40.63 on Thursday. The firm has a market capitalization of $4.80 billion, a price-to-earnings ratio of 24.33 and a beta of 1.02. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The business’s 50-day moving average price is $40.61 and its 200-day moving average price is $37.53. Kilroy Realty has a 12 month low of $30.71 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 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the prior year, the business earned $1.12 earnings per share. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts forecast that Kilroy Realty will post 4.41 EPS for the current year.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors have recently modified their holdings of the company. GAMMA Investing LLC increased its stake in Kilroy Realty by 25.4% during the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares in the last quarter. Versant Capital Management Inc grew its holdings in shares of Kilroy Realty by 14.8% during the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after buying an additional 336 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Kilroy Realty during the third quarter worth about $34,000. Coldstream Capital Management Inc. acquired a new stake in shares of Kilroy Realty in the 3rd quarter worth about $203,000. Finally, Vestcor Inc lifted its position in Kilroy Realty by 289.0% in the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after acquiring an additional 25,492 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.