Kilroy Realty (NYSE:KRC) Price Target Cut to $39.00 by Analysts at Royal Bank of Canada

Kilroy Realty (NYSE:KRC) had its target price lowered by equities researchers at Royal Bank of Canada from $44.00 to $39.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Royal Bank of Canada’s target price points to a potential upside of 15.83% from the company’s current price.

Several other analysts also recently issued reports on the stock. The Goldman Sachs Group decreased their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating for the company in a report on Thursday, February 20th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $49.00 in a report on Friday, December 20th. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $43.00 to $35.00 in a research note on Monday. Evercore ISI decreased their target price on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. Finally, 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 report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $40.73.

Kilroy Realty Stock Up 1.1 %

NYSE:KRC traded up $0.35 during mid-day trading on Monday, reaching $33.67. The stock had a trading volume of 436,039 shares, compared to its average volume of 1,407,482. The stock has a market cap of $3.98 billion, a P/E ratio of 19.01 and a beta of 1.02. The business’s 50 day moving average is $36.82 and its 200 day moving average is $38.48. 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 fifty-two week low of $30.71 and a fifty-two week high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, sell-side analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of the firm’s stock in a transaction dated Friday, February 28th. The shares were acquired at an average cost of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $366,356,000. Rush Island Management LP acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at $109,502,000. Bamco Inc. NY bought a new position in Kilroy Realty during the 4th quarter valued at about $58,747,000. Northern Trust Corp boosted its position in Kilroy Realty by 107.5% in the fourth quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock valued at $84,802,000 after buying an additional 1,085,914 shares in the last quarter. Finally, Deutsche Bank AG grew its stake in Kilroy Realty by 1,226.2% during the fourth quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock worth $32,987,000 after buying an additional 753,999 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.