Kilroy Realty (NYSE:KRC) Given New $38.00 Price Target at Scotiabank

Kilroy Realty (NYSE:KRC) had its price target reduced by analysts at Scotiabank from $41.00 to $38.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price objective suggests a potential upside of 14.11% from the company’s previous close.

KRC has been the subject of a number of other research reports. Deutsche Bank Aktiengesellschaft reduced their price target on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. KeyCorp decreased their target price on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Eight research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $38.18.

Kilroy Realty Stock Performance

NYSE:KRC traded down $0.53 during trading hours on Wednesday, reaching $33.30. The company had a trading volume of 472,775 shares, compared to its average volume of 1,050,783. The firm has a market cap of $3.91 billion, a PE ratio of 19.14 and a beta of 1.04. Kilroy Realty has a 1-year low of $26.78 and a 1-year high of $43.37. The business’s 50 day moving average price is $33.20 and its 200-day moving average price is $34.46. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.30.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $280.73 million for the quarter, compared to analysts’ expectations of $276.81 million. During the same period last year, the company posted $1.19 earnings per share. The business’s quarterly revenue was down 1.2% on a year-over-year basis. Research analysts forecast that Kilroy Realty will post 4.24 EPS for the current year.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of the company’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $33.66, for a total transaction of $112,054.14. Following the completion of the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Parallel Advisors LLC increased its stake in shares of Kilroy Realty by 6.4% in the 4th quarter. Parallel Advisors LLC now owns 4,932 shares of the real estate investment trust’s stock worth $196,000 after acquiring an additional 295 shares during the last quarter. Wiser Advisor Group LLC boosted its holdings in Kilroy Realty by 67.5% in the 1st quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 305 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of Kilroy Realty by 0.5% in the 1st quarter. State of Alaska Department of Revenue now owns 67,153 shares of the real estate investment trust’s stock valued at $2,444,000 after buying an additional 349 shares during the period. Ballentine Partners LLC increased its holdings in shares of Kilroy Realty by 2.7% during the 1st quarter. Ballentine Partners LLC now owns 16,809 shares of the real estate investment trust’s stock worth $612,000 after buying an additional 438 shares during the last quarter. Finally, New York State Teachers Retirement System grew its position in Kilroy Realty by 0.3% in the first quarter. New York State Teachers Retirement System now owns 150,996 shares of the real estate investment trust’s stock worth $5,501,000 after acquiring an additional 501 shares during the period. Institutional investors and hedge funds 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.