Kilroy Realty (NYSE:KRC) Price Target Lowered to $41.00 at KeyCorp

Kilroy Realty (NYSE:KRC) had its price target lowered by equities research analysts at KeyCorp from $45.00 to $41.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s price objective points to a potential upside of 26.80% from the stock’s previous close.

A number of other brokerages have also recently weighed in on KRC. Mizuho restated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada reduced their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. Evercore ISI dropped their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Finally, Jefferies Financial Group initiated coverage on shares of Kilroy Realty in a research note on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective for the company. 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. According to MarketBeat, Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $39.45.

Kilroy Realty Stock Down 5.5 %

KRC opened at $32.33 on Monday. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The stock’s 50 day moving average price is $35.43 and its 200 day moving average price is $38.31. The stock has a market cap of $3.82 billion, a P/E ratio of 18.28 and a beta of 1.02.

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 for the quarter, topping 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%. As a group, research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 4,000 shares of the stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the sale, the executive vice president now owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Angela M. Aman purchased 2,797 shares of the company’s stock in a transaction on Friday, February 28th. The stock was acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds and other institutional investors have recently modified their holdings of the stock. State of Alaska Department of Revenue boosted 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 purchasing an additional 276 shares during the period. Choreo LLC raised its position in shares of Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock valued at $358,000 after buying an additional 278 shares during the last quarter. M&T Bank Corp lifted its stake in shares of Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after buying an additional 293 shares during the period. US Bancorp DE increased its stake in Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after acquiring an additional 317 shares during the period. Finally, Treasurer of the State of North Carolina raised its holdings in Kilroy Realty by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock valued at $2,079,000 after acquiring an additional 320 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

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.