KeyCorp Lowers Kilroy Realty (NYSE:KRC) Price Target to $41.00

Kilroy Realty (NYSE:KRC) had its target price decreased by equities research analysts at KeyCorp from $45.00 to $41.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price indicates a potential upside of 26.80% from the company’s current price.

A number of other brokerages also recently commented on KRC. The Goldman Sachs Group reissued a “neutral” rating and set a $36.00 price objective (down from $42.00) on shares of Kilroy Realty in a research report on Friday. Jefferies Financial Group began coverage on shares of Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective on the stock. Royal Bank of Canada lowered their target price on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Evercore ISI lowered their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $39.45.

Kilroy Realty Stock Down 5.5 %

KRC opened at $32.33 on Monday. The company has a fifty day moving average of $35.43 and a two-hundred day moving average of $38.31. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 18.28 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, research analysts expect that Kilroy Realty will post 4 earnings per share for the current year.

Insider Activity at Kilroy Realty

In other news, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares in the company, valued at approximately $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This trade represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in KRC. Wilmington Savings Fund Society FSB purchased a new stake in Kilroy Realty during the 3rd quarter worth $34,000. Summit Securities Group LLC acquired a new position in shares of Kilroy Realty in the fourth quarter worth about $49,000. GAMMA Investing LLC boosted its holdings in Kilroy Realty by 25.4% in the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty during the 4th quarter valued at approximately $82,000. Finally, Fifth Third Bancorp increased its holdings in Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.