Kilroy Realty (NYSE:KRC) Downgraded to Hold Rating by Jefferies Financial Group

Jefferies Financial Group downgraded shares of Kilroy Realty (NYSE:KRC) from a buy rating to a hold rating in a research report released on Thursday, Marketbeat reports. They currently have $41.00 target price on the real estate investment trust’s stock, down from their prior target price of $45.00.

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

Kilroy Realty Price Performance

Shares of KRC opened at $40.63 on Thursday. The firm has a 50-day simple moving average of $40.61 and a two-hundred day simple moving average of $37.53. The stock has a market cap of $4.80 billion, a PE ratio of 24.33 and a beta of 1.02. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the previous year, the firm earned $1.12 EPS. The firm’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts forecast that Kilroy Realty will post 4.41 EPS for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be paid a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.32%. Kilroy Realty’s payout ratio is currently 129.34%.

Insider Activity 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 shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.49% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Van ECK Associates Corp boosted its stake in Kilroy Realty by 5.8% in the second quarter. Van ECK Associates Corp now owns 20,750 shares of the real estate investment trust’s stock valued at $647,000 after acquiring an additional 1,141 shares in the last quarter. Versor Investments LP purchased a new position in Kilroy Realty during the 2nd quarter worth approximately $240,000. Victory Capital Management Inc. increased 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 buying an additional 3,471 shares during the period. Arizona State Retirement System lifted its stake in Kilroy Realty by 1.9% in the second quarter. Arizona State Retirement System now owns 31,203 shares of the real estate investment trust’s stock valued at $973,000 after buying an additional 594 shares during the last quarter. Finally, Candriam S.C.A. purchased a new stake in Kilroy Realty in the second quarter valued at approximately $2,730,000. Institutional investors and hedge funds 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.