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

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

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

Kilroy Realty Stock Down 1.5 %

KRC opened at $39.85 on Thursday. The business’s fifty day simple moving average is $40.63 and its 200 day simple moving average is $37.46. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.70 billion, a PE ratio of 23.86 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share 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 for the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the prior year, the business posted $1.12 earnings per share. The business’s quarterly revenue was up 2.2% on a year-over-year basis. As a group, research analysts expect that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 8th. Stockholders of record on Tuesday, December 31st will be given a $0.54 dividend. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 annualized dividend and a dividend yield of 5.42%. Kilroy Realty’s dividend payout ratio is 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’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 transaction of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.49% of the stock is owned by insiders.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently made changes to their positions in the company. Assetmark Inc. lifted its position in Kilroy Realty by 1.0% during the third quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock valued at $1,037,000 after buying an additional 274 shares during the period. FMR LLC increased its stake in shares of Kilroy Realty by 2.2% in the 3rd quarter. FMR LLC now owns 15,201 shares of the real estate investment trust’s stock worth $588,000 after acquiring an additional 329 shares in the last quarter. Commerce Bank lifted its position in Kilroy Realty by 3.0% during the 3rd quarter. Commerce Bank now owns 11,574 shares of the real estate investment trust’s stock valued at $448,000 after acquiring an additional 342 shares during the period. GAMMA Investing LLC boosted its stake in Kilroy Realty by 33.6% during the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares in the last quarter. Finally, Mercer Global Advisors Inc. ADV grew its holdings in Kilroy Realty by 6.0% in the second quarter. Mercer Global Advisors Inc. ADV now owns 6,765 shares of the real estate investment trust’s stock worth $210,000 after purchasing an additional 383 shares during the period. 94.22% of the stock is currently owned by institutional investors.

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.