Royal Bank of Canada Reiterates Sector Perform Rating for Kilroy Realty (NYSE:KRC)

Kilroy Realty (NYSE:KRC)‘s stock had its “sector perform” rating reiterated by equities research analysts at Royal Bank of Canada in a research note issued to investors on Monday,Benzinga reports. They presently have a $44.00 target price on the real estate investment trust’s stock. Royal Bank of Canada’s price objective would indicate a potential upside of 22.98% from the stock’s current price.

Several other research firms have also issued reports on KRC. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their price target for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reaffirmed a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Evercore ISI upped their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a report on Thursday, November 14th. One 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’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $41.20.

Kilroy Realty Stock Down 2.7 %

Shares of KRC opened at $35.78 on Monday. The stock has a market capitalization of $4.22 billion, a price-to-earnings ratio of 21.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.89, a current ratio of 3.08 and a quick ratio of 3.08. The business’s 50 day simple moving average is $39.30 and its 200-day simple moving average is $38.47. Kilroy Realty has a 1 year low of $30.71 and a 1 year high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. As a group, equities analysts expect that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Insider Activity

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 shares were sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares in the company, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds have recently bought and sold shares of the stock. Prudential Financial Inc. raised its holdings in shares of Kilroy Realty by 12.9% in the 4th quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock valued at $63,862,000 after purchasing an additional 187,712 shares in the last quarter. LPL Financial LLC raised its stake in Kilroy Realty by 24.3% during the 4th quarter. LPL Financial LLC now owns 52,746 shares of the real estate investment trust’s stock worth $2,134,000 after acquiring an additional 10,328 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new position in Kilroy Realty in the fourth quarter valued at $1,235,000. Sei Investments Co. boosted its position in shares of Kilroy Realty by 0.9% in the 4th quarter. Sei Investments Co. now owns 664,695 shares of the real estate investment trust’s stock valued at $26,887,000 after purchasing an additional 5,915 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Kilroy Realty by 40.7% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 61,541 shares of the real estate investment trust’s stock valued at $2,489,000 after purchasing an additional 17,811 shares during the last quarter. 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.