Kilroy Realty (NYSE:KRC) Downgraded by Scotiabank to “Sector Underperform”

Scotiabank lowered shares of Kilroy Realty (NYSE:KRC) from a sector perform rating to a sector underperform rating in a research report report published on Thursday morning, MarketBeat.com reports. They currently have $38.00 price target on the real estate investment trust’s stock.

A number of other equities analysts have also recently commented on KRC. Barclays lifted their price target on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday, October 28th. Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Finally, Evercore ISI lifted their price objective on shares of 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 issued a hold rating and two have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $39.43.

Kilroy Realty Trading Down 1.7 %

Kilroy Realty stock traded down $0.67 during midday trading on Thursday, hitting $38.73. 636,224 shares of the stock were exchanged, compared to its average volume of 1,054,410. The company has a fifty day simple moving average of $39.22 and a two-hundred day simple moving average of $35.64. The stock has a market capitalization of $4.57 billion, a PE ratio of 23.59 and a beta of 1.03. Kilroy Realty has a 52 week low of $29.72 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.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the previous year, the firm posted $1.12 EPS. The company’s revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a yield of 5.58%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Transactions at Kilroy Realty

In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction dated 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 transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors have recently added to or reduced their stakes in KRC. Price T Rowe Associates Inc. MD grew its holdings in shares of Kilroy Realty by 18.2% during the first quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after purchasing an additional 487,556 shares in the last quarter. PGGM Investments increased its holdings in shares of Kilroy Realty by 85.0% in the 2nd quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after buying an additional 1,385,692 shares during the last quarter. Centersquare Investment Management LLC lifted its holdings in shares of Kilroy Realty by 1.0% during the 1st quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust’s stock worth $87,817,000 after acquiring an additional 24,855 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in Kilroy Realty by 1.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust’s stock worth $84,045,000 after acquiring an additional 27,660 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in Kilroy Realty by 2.6% in the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after acquiring an additional 42,811 shares during the last quarter. Institutional investors own 94.22% of the company’s stock.

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.