Kilroy Realty (NYSE:KRC) Sets New 12-Month Low After Analyst Downgrade

Kilroy Realty Co. (NYSE:KRC)’s stock price reached a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $49.00 to $42.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Kilroy Realty traded as low as $30.70 and last traded at $30.83, with a volume of 1119679 shares traded. The stock had previously closed at $33.30.

Other research analysts have also recently issued research reports about the company. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 target price for the company. KeyCorp cut their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $42.00 to $44.00 in a research note on Thursday, February 27th. Finally, Evercore ISI reduced their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $38.82.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the acquisition, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at $99,153.65. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Institutional Trading of Kilroy Realty

A number of hedge funds and other institutional investors have recently made changes to their positions in KRC. Versant Capital Management Inc grew its holdings in Kilroy Realty by 186.9% during the 1st quarter. Versant Capital Management Inc now owns 7,461 shares of the real estate investment trust’s stock valued at $244,000 after buying an additional 4,860 shares in the last quarter. Fairtree Asset Management Pty Ltd bought a new position in shares of Kilroy Realty in the fourth quarter valued at approximately $519,000. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Kilroy Realty during the fourth quarter valued at approximately $11,892,000. GF Fund Management CO. LTD. bought a new stake in Kilroy Realty during the 4th quarter worth approximately $82,000. Finally, Tidal Investments LLC lifted its stake in Kilroy Realty by 51.1% in the 4th quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust’s stock worth $457,000 after purchasing an additional 3,820 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

The company’s fifty day simple moving average is $34.76 and its 200 day simple moving average is $38.12. The stock has a market capitalization of $3.55 billion, a P/E ratio of 16.96 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, sell-side analysts forecast that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 7.20%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty’s dividend payout ratio (DPR) is 122.03%.

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.