Kilroy Realty (NYSE:KRC) Lowered to Hold Rating by Jefferies Financial Group

Jefferies Financial Group cut shares of Kilroy Realty (NYSE:KRC - Free Report) from a buy rating to a hold rating in a report released on Thursday, Marketbeat reports. They currently have $41.00 target price on the real estate investment trust's stock, down from their prior target price of $45.00.

KRC has been the subject of several other research reports. Scotiabank cut shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and increased their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Barclays raised their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Wells Fargo & Company reduced their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Wednesday, September 11th. Finally, Evercore ISI raised their price target on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of "Hold" and an average price target of $40.67.

Kilroy Realty Stock Performance

Shares of KRC traded down $0.60 during mid-day trading on Thursday, hitting $39.85. The stock had a trading volume of 1,011,281 shares, compared to its average volume of 1,064,288. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two 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. The company has a market cap of $4.70 billion, a PE ratio of 23.86 and a beta of 1.03. The company's fifty day simple moving average is $40.63 and its two-hundred day simple moving average is $37.46.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million during the quarter, compared to the consensus estimate of $275.77 million. During the same period in the prior year, the business earned $1.12 EPS. The business's revenue was up 2.2% on a year-over-year basis. On average, equities analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Shareholders of record on Tuesday, December 31st will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Kilroy Realty's dividend payout ratio (DPR) is presently 129.34%.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company's stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now owns 50,211 shares of the company's stock, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds have recently modified their holdings of KRC. Wilmington Savings Fund Society FSB acquired a new position in shares of Kilroy Realty in the 3rd quarter valued at $34,000. Coldstream Capital Management Inc. acquired a new position in shares of Kilroy Realty in the third quarter worth about $203,000. Vestcor Inc increased its position in shares of Kilroy Realty by 289.0% in the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock worth $1,328,000 after acquiring an additional 25,492 shares in the last quarter. M&T Bank Corp raised its holdings in shares of Kilroy Realty by 13.0% during the third quarter. M&T Bank Corp now owns 22,596 shares of the real estate investment trust's stock valued at $875,000 after acquiring an additional 2,594 shares during the period. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Kilroy Realty by 1.1% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 134,750 shares of the real estate investment trust's stock valued at $5,215,000 after acquiring an additional 1,500 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.