Kilroy Realty (NYSE:KRC) Cut to Underperform at BMO Capital Markets

BMO Capital Markets downgraded shares of Kilroy Realty (NYSE:KRC) from a market perform rating to an underperform rating in a report issued on Wednesday morning, MarketBeat reports. They currently have $35.00 price objective on the real estate investment trust’s stock.

Several other research firms also recently commented on KRC. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a report on Friday, March 28th. Scotiabank lowered their target price on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating on the stock in a research note on Monday, July 14th. Mizuho lowered their price objective on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating on the stock in a research report on Monday, July 14th. JPMorgan Chase & Co. lowered their price target on shares of Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, July 2nd. Finally, KeyCorp lowered their price target on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a report on Monday, March 31st. Two investment analysts have rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Kilroy Realty has an average rating of “Hold” and a consensus target price of $37.73.

Kilroy Realty Stock Up 0.2%

NYSE:KRC opened at $36.80 on Wednesday. The company has a market cap of $4.35 billion, a PE ratio of 21.90 and a beta of 1.19. Kilroy Realty has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 0.82. The company’s 50 day moving average is $34.18 and its two-hundred day moving average is $34.40.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 earnings per share for the quarter, missing the consensus estimate of $1.03 by ($0.01). The firm had revenue of $270.84 million for the quarter, compared to analysts’ expectations of $274.90 million. Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. The firm’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.11 EPS. Analysts anticipate that Kilroy Realty will post 4 EPS for the current year.

Kilroy Realty Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 9th. Shareholders of record on Monday, June 30th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 5.87%. The ex-dividend date was Monday, June 30th. Kilroy Realty’s dividend payout ratio (DPR) is currently 128.57%.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KRC. American National Bank & Trust purchased a new position in Kilroy Realty during the second quarter worth about $25,000. Allworth Financial LP raised its position in shares of Kilroy Realty by 192.1% during the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 634 shares during the period. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $49,000. UMB Bank n.a. raised its position in shares of Kilroy Realty by 46.0% during the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after buying an additional 534 shares during the period. Finally, GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty in the fourth quarter valued at $82,000. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.