Scotiabank Has Lowered Expectations for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its price objective reduced by analysts at Scotiabank from $41.00 to $39.00 in a note issued to investors on Thursday, Benzinga reports. The brokerage currently has a “sector perform” rating on the real estate investment trust’s stock. Scotiabank’s price target would indicate a potential upside of 12.12% from the stock’s current price.

Several other equities analysts also recently weighed in on the company. The Goldman Sachs Group boosted their target price on Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday, July 29th. Mizuho upped their price target on shares of Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a report on Tuesday, July 21st. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and upped their target price for the company from $42.00 to $44.00 in a research note on Tuesday, June 16th. Wall Street Zen lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Finally, Evercore raised Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research report on Monday, June 8th. Five analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $39.33.

Kilroy Realty Price Performance

Shares of KRC traded up $0.36 during midday trading on Thursday, reaching $34.78. The stock had a trading volume of 487,271 shares, compared to its average volume of 1,770,485. The company has a market capitalization of $4.05 billion, a price-to-earnings ratio of 24.52 and a beta of 1.11. Kilroy Realty has a 12-month low of $27.36 and a 12-month high of $45.03. The company’s 50-day moving average is $37.48 and its 200 day moving average is $34.64. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 earnings per share for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The business had revenue of $272.37 million during the quarter, compared to analysts’ expectations of $267.39 million. During the same quarter last year, the company posted $1.13 EPS. Kilroy Realty’s revenue for the quarter was down 6.0% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. On average, equities analysts predict that Kilroy Realty will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the company’s stock in a transaction on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the sale, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.83% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new position in shares of Kilroy Realty during the second quarter valued at approximately $581,003,000. Norges Bank purchased a new stake in shares of Kilroy Realty during the fourth quarter valued at about $340,131,000. Route One Investment Company L.P. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $159,181,000. Rush Island Management LP raised its stake in Kilroy Realty by 84.5% in the first quarter. Rush Island Management LP now owns 4,860,742 shares of the real estate investment trust’s stock valued at $137,122,000 after buying an additional 2,226,821 shares during the last quarter. Finally, PGGM Investments boosted its holdings in Kilroy Realty by 6.0% during the fourth quarter. PGGM Investments now owns 2,628,946 shares of the real estate investment trust’s stock worth $98,244,000 after buying an additional 148,376 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.