Barclays Issues Pessimistic Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRCGet Free Report) had its price objective cut by equities research analysts at Barclays from $44.00 to $43.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target points to a potential upside of 20.82% from the stock’s current price.

A number of other equities research analysts have also weighed in on the company. Evercore ISI boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research note on Wednesday, October 30th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho restated a “neutral” rating and issued a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target for the company. in a report on Thursday, November 14th. Finally, JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the stock from $45.00 to $49.00 in a report on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $40.80.

Get Our Latest Stock Report on Kilroy Realty

Kilroy Realty Trading Down 4.0 %

KRC stock opened at $35.59 on Monday. The company has a market capitalization of $4.20 billion, a PE ratio of 21.31 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company’s 50 day moving average price is $40.30 and its two-hundred day moving average price is $37.81.

Kilroy Realty (NYSE:KRCGet Free Report) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The business had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same quarter in the previous year, the business earned $1.12 EPS. Kilroy Realty’s revenue for the quarter was up 2.2% compared to the same quarter last year. As a group, analysts predict that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.49% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Victory Capital Management Inc. increased its stake in shares of Kilroy Realty by 2.9% in the 2nd quarter. Victory Capital Management Inc. now owns 121,185 shares of the real estate investment trust’s stock worth $3,777,000 after acquiring an additional 3,471 shares in the last quarter. Choreo LLC purchased a new stake in Kilroy Realty in the second quarter worth about $232,000. Headlands Technologies LLC bought a new position in shares of Kilroy Realty during the second quarter valued at approximately $46,000. Dimensional Fund Advisors LP lifted its holdings in shares of Kilroy Realty by 2.6% during the second quarter. Dimensional Fund Advisors LP now owns 1,720,268 shares of the real estate investment trust’s stock valued at $53,622,000 after purchasing an additional 42,811 shares during the last quarter. Finally, Renaissance Technologies LLC boosted its position in shares of Kilroy Realty by 639.6% in the 2nd quarter. Renaissance Technologies LLC now owns 314,700 shares of the real estate investment trust’s stock worth $9,809,000 after purchasing an additional 272,148 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

(Get Free Report)

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.

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