Kilroy Realty (NYSE:KRC) Reaches New 52-Week Low Following Analyst Downgrade

Kilroy Realty Co. (NYSE:KRC - Get Free Report) reached 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 changing hands. The stock had previously closed at $33.30.

A number of other equities research analysts have also commented on KRC. The Goldman Sachs Group restated a "neutral" rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. KeyCorp reduced their target price on Kilroy Realty from $45.00 to $41.00 and set an "overweight" rating for the company in a report on Monday, March 31st. Royal Bank of Canada dropped their price objective on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research note on Monday, March 10th. Evercore ISI reduced their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a report on Wednesday, February 12th. Finally, Barclays upgraded Kilroy Realty from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. 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 stock presently has an average rating of "Hold" and an average price target of $38.82.

Insider Activity

In other Kilroy Realty news, insider A. Robert Paratte sold 6,000 shares of the company's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares of the company's stock, valued at approximately $3,013,486.56. This represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of KRC. Vestcor Inc grew its position in shares of Kilroy Realty by 289.0% in 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. Pictet Asset Management Holding SA boosted its holdings in shares of Kilroy Realty by 4.8% in the fourth quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after buying an additional 1,747 shares during the period. GAMMA Investing LLC increased its position in shares of Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock worth $75,000 after acquiring an additional 374 shares in the last quarter. US Bancorp DE raised its holdings in shares of Kilroy Realty by 3.4% during the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust's stock worth $392,000 after acquiring an additional 317 shares during the period. Finally, Versant Capital Management Inc lifted its position in Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust's stock valued at $105,000 after acquiring an additional 336 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

Kilroy Realty Stock Performance

The stock's 50 day moving average is $34.55 and its two-hundred day moving average is $38.02. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 15.97 and a beta of 1.04. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Analysts expect that Kilroy Realty Co. will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be issued a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.64%. The ex-dividend date of this dividend is Monday, March 31st. Kilroy Realty's payout ratio is presently 122.03%.

About Kilroy Realty

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.