Barclays Cuts Kilroy Realty (NYSE:KRC) Price Target to $42.00

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target reduced by analysts at Barclays from $43.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The firm presently has an "equal weight" rating on the real estate investment trust's stock. Barclays's target price suggests a potential upside of 12.89% from the stock's current price.

A number of other equities research analysts also recently commented on the company. Evercore ISI increased their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research report on Wednesday, October 30th. Mizuho reiterated a "neutral" rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Scotiabank lowered shares of Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. Jefferies Financial Group downgraded shares of Kilroy Realty from a "buy" rating to a "hold" rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Finally, 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 research report on Friday, December 20th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $40.70.

Kilroy Realty Price Performance

NYSE:KRC traded up $0.43 during midday trading on Monday, hitting $37.21. 3,041,916 shares of the stock were exchanged, compared to its average volume of 1,228,568. The business has a 50-day moving average price of $39.57 and a two-hundred day moving average price of $38.40. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of 22.28 and a beta of 1.02. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78.

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the firm'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 completion of the sale, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 2.49% of the company's stock.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors have recently modified their holdings of KRC. Proficio Capital Partners LLC acquired a new position in Kilroy Realty during the 4th quarter worth $1,404,000. M&T Bank Corp lifted its stake in shares of Kilroy Realty by 1.3% during the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust's stock valued at $926,000 after acquiring an additional 293 shares during the period. Victory Capital Management Inc. boosted its holdings in Kilroy Realty by 0.3% in the fourth quarter. Victory Capital Management Inc. now owns 832,392 shares of the real estate investment trust's stock valued at $33,670,000 after acquiring an additional 2,081 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Kilroy Realty by 1.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 2,200,616 shares of the real estate investment trust's stock worth $89,015,000 after purchasing an additional 28,899 shares during the period. Finally, Jones Financial Companies Lllp lifted its position in Kilroy Realty by 44.9% during the 4th quarter. Jones Financial Companies Lllp now owns 10,227 shares of the real estate investment trust's stock valued at $414,000 after purchasing an additional 3,169 shares during the period. 94.22% of the stock is owned by institutional investors.

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.