Kilroy Realty (NYSE:KRC) Reaches New 1-Year Low After Analyst Downgrade

Kilroy Realty Co. (NYSE:KRC) shares hit a new 52-week low during trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $49.00 to $42.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Kilroy Realty traded as low as $30.70 and last traded at $30.83, with a volume of 1119679 shares traded. The stock had previously closed at $33.30.

Other research analysts also recently issued reports about the company. Jefferies Financial Group started coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 target price for the company. The Goldman Sachs Group restated a “neutral” rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research note on Friday, March 28th. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday. Royal Bank of Canada lowered their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research report on Monday, March 10th. Finally, Evercore ISI cut their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $38.82.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total transaction of $208,440.00. Following the completion of the transaction, the insider now directly owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the business’s stock in a transaction dated Friday, February 28th. The shares were purchased at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the acquisition, the chief executive officer now owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. The trade was 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.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently made changes to their positions in KRC. Vestcor Inc raised its stake in Kilroy Realty by 289.0% during the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock valued at $1,328,000 after purchasing an additional 25,492 shares during the period. GAMMA Investing LLC lifted its stake in shares of Kilroy Realty by 25.4% in the 4th quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after buying an additional 689,962 shares during the period. BNP Paribas Financial Markets grew its holdings in Kilroy Realty by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock valued at $4,306,000 after purchasing an additional 7,129 shares during the last quarter. Finally, US Bancorp DE raised its position 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 worth $392,000 after purchasing an additional 317 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Trading Down 7.3 %

The company’s 50 day simple moving average is $35.08 and its 200-day simple moving average is $38.23. The firm has a market cap of $3.65 billion, a P/E ratio of 17.42 and a beta of 1.02. 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 announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates 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 Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Stockholders of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

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.