Scotiabank Downgrades Kilroy Realty (NYSE:KRC) to Sector Underperform

Kilroy Realty (NYSE:KRC) was downgraded by equities researchers at Scotiabank from a “sector perform” rating to a “sector underperform” rating in a research report issued on Thursday, Marketbeat reports. They presently have a $38.00 target price on the real estate investment trust’s stock. Scotiabank’s target price suggests a potential downside of 2.01% from the stock’s current price.

Other equities analysts have also issued research reports about the stock. Evercore ISI boosted their price objective 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. Wells Fargo & Company cut 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 report on Wednesday, September 11th. Finally, Barclays boosted their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $39.43.

Kilroy Realty Stock Performance

Shares of KRC opened at $38.78 on Thursday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.58 billion, a P/E ratio of 23.23 and a beta of 1.03. The company has a 50-day moving average of $39.31 and a two-hundred day moving average of $35.66. Kilroy Realty has a 12-month low of $29.72 and a 12-month high of $43.78.

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). The business had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.12 EPS. As a group, research analysts predict that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the sale, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This represents a 10.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wiser Advisor Group LLC lifted its position in shares of Kilroy Realty by 67.5% during the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 305 shares in the last quarter. UMB Bank n.a. raised its holdings in 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 valued at $37,000 after acquiring an additional 540 shares in the last quarter. Blue Trust Inc. raised its holdings in Kilroy Realty by 1,322.9% in the second quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,270 shares in the last quarter. Versant Capital Management Inc raised its holdings in Kilroy Realty by 2,510.7% in the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,406 shares in the last quarter. Finally, GAMMA Investing LLC raised its holdings in Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock valued at $57,000 after acquiring an additional 371 shares in the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.