Kilroy Realty (NYSE:KRC) Downgraded by Wells Fargo & Company to “Equal Weight”

Wells Fargo & Company downgraded shares of Kilroy Realty (NYSE:KRC) from an overweight rating to an equal weight rating in a research report report published on Monday, MarketBeat Ratings reports. The firm currently has $35.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $43.00.

Several other research firms also recently commented on KRC. The Goldman Sachs Group dropped their target price on Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a research report on Thursday, February 20th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and decreased their price target for the stock from $45.00 to $41.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research note on Thursday, November 14th. Finally, Mizuho reaffirmed a “neutral” rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $40.73.

Kilroy Realty Price Performance

Shares of NYSE KRC opened at $33.18 on Monday. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a market cap of $3.92 billion, a PE ratio of 18.74 and a beta of 1.02. The business’s 50 day moving average price is $36.68 and its two-hundred day moving average price is $38.47. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, analysts predict that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. The ex-dividend date is Monday, March 31st. This represents a $2.16 annualized dividend and a yield of 6.51%. Kilroy Realty’s dividend payout ratio (DPR) is presently 122.03%.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman bought 2,797 shares of the stock in a transaction dated Friday, February 28th. The stock was purchased at an average cost of $35.45 per share, with a total value of $99,153.65. Following the completion of the purchase, the chief executive officer now owns 2,797 shares of the company’s stock, valued at $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently bought and sold shares of the business. Assetmark Inc. increased its holdings in Kilroy Realty by 1.0% in the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 274 shares in the last quarter. State of Alaska Department of Revenue raised its holdings in Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after acquiring an additional 276 shares during the last quarter. Choreo LLC lifted its stake in Kilroy Realty by 3.2% in the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp increased its position in Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after purchasing an additional 293 shares during the last quarter. Finally, US Bancorp DE boosted its holdings in Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares during the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

Kilroy Realty Company Profile

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.