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

Kilroy Realty (NYSE:KRC) had its price target reduced by research analysts at Barclays from $43.00 to $42.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s target price would suggest a potential upside of 11.11% from the company’s previous close.

KRC has been the topic of a number of other reports. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. Evercore ISI upped 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. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $40.70.

Kilroy Realty Price Performance

KRC stock traded down $1.22 during trading hours on Monday, hitting $37.80. 555,323 shares of the stock traded hands, compared to its average volume of 1,103,076. The stock has a 50-day simple moving average of $39.87 and a 200 day simple moving average of $38.38. The company has a market cap of $4.46 billion, a P/E ratio of 22.60 and a beta of 1.02. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89.

Insider Buying and Selling at Kilroy Realty

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Wolverine Asset Management LLC raised its position in shares of Kilroy Realty by 14.5% in the fourth quarter. Wolverine Asset Management LLC now owns 78,854 shares of the real estate investment trust’s stock valued at $3,190,000 after purchasing an additional 9,961 shares during the period. Handelsbanken Fonder AB lifted its position in Kilroy Realty by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 37,074 shares of the real estate investment trust’s stock worth $1,500,000 after acquiring an additional 5,800 shares during the last quarter. Venturi Wealth Management LLC boosted its holdings in Kilroy Realty by 67.4% during the fourth quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 1,963 shares during the period. Sanctuary Advisors LLC grew its position in shares of Kilroy Realty by 5.1% in the fourth quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust’s stock valued at $277,000 after purchasing an additional 347 shares during the last quarter. Finally, Principal Financial Group Inc. increased its stake in shares of Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the period. 94.22% of the stock is currently 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.