Kilroy Realty (NYSE:KRC) Cut to “Sector Underperform” at Scotiabank

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

A number of other equities research analysts have also weighed in on KRC. Barclays lifted their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. One research analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $38.80 on Thursday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty has a fifty-two week low of $29.72 and a fifty-two week high of $43.78. The company has a market capitalization of $4.58 billion, a P/E ratio of 23.23 and a beta of 1.03. The stock has a 50 day moving average price of $39.39 and a two-hundred day moving average price of $35.69.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $275.77 million. During the same quarter in the prior year, the company earned $1.12 earnings per share. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. Analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were paid a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.57%. Kilroy Realty’s dividend payout ratio is presently 129.34%.

Insider Activity at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $1,033,335.14. The trade was a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value 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. This represents a 22.96 % 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 Investors Weigh In On Kilroy Realty

Institutional investors have recently bought and sold shares of the business. Wiser Advisor Group LLC raised its stake in Kilroy Realty by 67.5% during the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 305 shares during the period. UMB Bank n.a. raised its position in shares of Kilroy Realty by 126.5% during the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares during the last quarter. Blue Trust Inc. lifted its holdings in shares of 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 worth $43,000 after buying an additional 1,270 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Kilroy Realty by 2,510.7% during the second quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,406 shares during the last quarter. Finally, Headlands Technologies LLC purchased a new position in Kilroy Realty during the second quarter valued at $46,000. Hedge funds and other 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.