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

Kilroy Realty (NYSE:KRC - Get Free Report) was downgraded by Scotiabank from a "sector perform" rating to a "sector underperform" rating in a note issued to investors on Thursday, Marketbeat.com reports. They presently have a $38.00 price objective on the real estate investment trust's stock. Scotiabank's target price suggests a potential downside of 3.65% from the stock's current price.

Several other research firms have also recently weighed in on KRC. Barclays raised their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an "equal weight" rating in a research report on Monday, October 28th. Evercore ISI raised their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an "in-line" rating in a research note on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $39.43.

Kilroy Realty Price Performance

Shares of KRC stock traded down $0.49 during mid-day trading on Thursday, reaching $39.44. The company's stock had a trading volume of 375,051 shares, compared to its average volume of 1,053,286. Kilroy Realty has a 1-year low of $29.72 and a 1-year high of $43.78. The company has a market cap of $4.66 billion, a P/E ratio of 23.72 and a beta of 1.03. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The firm's 50-day moving average is $39.22 and its two-hundred day moving average is $35.64.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced 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). The firm had revenue of $289.94 million for the quarter, compared to analyst estimates of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company's revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter last year, the business earned $1.12 EPS. On average, research analysts predict that Kilroy Realty will post 4.41 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP John Osmond sold 2,628 shares of the company's stock in a transaction that occurred on Wednesday, September 18th. The shares were 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 owns 8,818 shares in the company, valued at $352,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm'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 transaction, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 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 transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Centersquare Investment Management LLC increased its stake in Kilroy Realty by 1.0% in the first quarter. Centersquare Investment Management LLC now owns 2,598,144 shares of the real estate investment trust's stock valued at $87,817,000 after purchasing an additional 24,855 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in Kilroy Realty by 33.8% during the first quarter. Russell Investments Group Ltd. now owns 134,103 shares of the real estate investment trust's stock worth $4,885,000 after acquiring an additional 33,857 shares during the period. PGGM Investments boosted its position in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust's stock worth $93,979,000 after purchasing an additional 1,385,692 shares during the last quarter. Swedbank AB purchased a new position in shares of Kilroy Realty in the 1st quarter worth about $5,811,000. Finally, Waterfall Asset Management LLC purchased a new position in shares of Kilroy Realty in the 2nd quarter worth about $1,309,000. 94.22% of the stock is owned by institutional investors and hedge funds.

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.