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

Jefferies Financial Group lowered shares of Kilroy Realty (NYSE:KRC) from a buy rating to a hold rating in a report published on Thursday, MarketBeat reports. Jefferies Financial Group currently has $41.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $45.00.

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

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $39.85 on Thursday. 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 business has a 50 day moving average price of $40.63 and a 200-day moving average price of $37.46. The company 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 released its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period in the previous year, the company posted $1.12 earnings per share. Equities analysts anticipate that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently declared 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. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.42%. The ex-dividend date is Tuesday, December 31st. Kilroy Realty’s payout ratio is currently 129.34%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. This trade represents a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.49% of the stock is owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of large investors have recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty in the 3rd quarter worth approximately $34,000. UMB Bank n.a. raised its position in shares of Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock worth $37,000 after buying an additional 540 shares in the last quarter. 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 valued at $57,000 after buying an additional 371 shares during the period. Headlands Technologies LLC purchased a new position in Kilroy Realty during the second quarter worth about $46,000. Finally, Quarry LP bought a new position in Kilroy Realty in the 2nd quarter worth about $55,000. 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.