Kilroy Realty (NYSE:KRC) PT Lowered to $42.00

Kilroy Realty (NYSE:KRC) had its price objective lowered by equities research analysts at KeyCorp from $45.00 to $42.00 in a research report issued to clients and investors on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price target indicates a potential upside of 29.71% from the company’s current price.

A number of other brokerages have also recently issued reports on KRC. Barclays assumed coverage on Kilroy Realty in a report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 target price for the company. Deutsche Bank Aktiengesellschaft cut their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating on the stock in a research report on Thursday, May 30th. Finally, Royal Bank of Canada cut shares of Kilroy Realty from an “outperform” rating to a “sector perform” rating and decreased their price target for the company from $44.00 to $39.00 in a research report on Friday, March 8th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $38.20.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $32.38 on Tuesday. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.91. The stock has a market cap of $3.80 billion, a PE ratio of 18.61 and a beta of 1.04. Kilroy Realty has a 12-month low of $26.78 and a 12-month high of $43.37. The business’s 50-day moving average price is $32.87 and its two-hundred day moving average price is $35.42.

Insiders Place Their Bets

In other Kilroy Realty news, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total transaction of $400,200.00. Following the transaction, the insider now owns 68,139 shares in the company, valued at $2,272,435.65. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,329 shares of Kilroy Realty stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the transaction, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider A. Robert Paratte sold 12,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $33.35, for a total value of $400,200.00. Following the completion of the transaction, the insider now directly owns 68,139 shares of the company’s stock, valued at $2,272,435.65. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

Several hedge funds have recently added to or reduced their stakes in KRC. Fidelis Capital Partners LLC purchased a new stake in shares of Kilroy Realty during the 1st quarter worth approximately $26,000. Wiser Advisor Group LLC increased its position in Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 305 shares during the last quarter. Principal Securities Inc. bought a new stake in shares of Kilroy Realty in the fourth quarter valued at $33,000. Global Retirement Partners LLC lifted its position in shares of Kilroy Realty by 458.9% during the 4th quarter. Global Retirement Partners LLC now owns 1,006 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 826 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Kilroy Realty during the 4th quarter worth $41,000. Institutional investors own 94.22% of the company’s stock.

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.