Kilroy Realty (NYSE:KRC) Downgraded to “Sell” Rating by Wall Street Zen

Wall Street Zen downgraded shares of Kilroy Realty (NYSE:KRC) from a hold rating to a sell rating in a research report sent to investors on Saturday,Wall Street Zen reports.

Several other equities analysts also recently weighed in on KRC. Needham & Company LLC reiterated a “buy” rating on shares of Kilroy Realty in a research report on Monday, June 8th. Bank of America upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price target for the company from $42.00 to $44.00 in a report on Tuesday, June 16th. The Goldman Sachs Group upped their price objective on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research note on Wednesday, July 29th. Barclays increased their price objective on shares of Kilroy Realty from $31.00 to $38.00 and gave the stock an “equal weight” rating in a report on Tuesday, July 21st. Finally, Citigroup raised their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research report on Thursday, July 30th. Five investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have given a Sell rating to the company’s stock. According to data from MarketBeat.com, Kilroy Realty presently has a consensus rating of “Hold” and an average price target of $39.47.

Kilroy Realty Stock Up 0.4%

KRC stock opened at $34.98 on Friday. The company has a 50 day moving average price of $37.74 and a two-hundred day moving average price of $34.55. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a market capitalization of $4.07 billion, a P/E ratio of 24.63 and a beta of 1.11. Kilroy Realty has a one year low of $27.36 and a one year high of $45.03.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The business had revenue of $272.37 million for the quarter, compared to analysts’ expectations of $267.39 million. During the same period in the prior year, the company earned $1.13 EPS. The company’s revenue for the quarter was down 6.0% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, sell-side analysts expect that Kilroy Realty will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the business’s stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total transaction of $597,082.00. Following the completion of the sale, the director owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. The trade was a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently modified their holdings of KRC. Wiser Advisor Group LLC acquired a new stake in Kilroy Realty during the 3rd quarter worth approximately $32,000. Caitong International Asset Management Co. Ltd acquired a new position in Kilroy Realty during the third quarter valued at approximately $40,000. IFP Advisors Inc grew its stake in Kilroy Realty by 247.7% during the second quarter. IFP Advisors Inc now owns 1,078 shares of the real estate investment trust’s stock worth $40,000 after buying an additional 768 shares during the period. Elevation Wealth Partners LLC grew its stake in Kilroy Realty by 205.4% during the second quarter. Elevation Wealth Partners LLC now owns 1,463 shares of the real estate investment trust’s stock worth $55,000 after buying an additional 984 shares during the period. Finally, Nykredit A S acquired a new stake in shares of Kilroy Realty in the second quarter worth $57,000. 94.22% of the stock is owned by institutional investors and hedge funds.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.