Kilroy Realty (NYSE:KRC) Downgraded by Scotiabank to “Sector Underperform”

Scotiabank cut shares of Kilroy Realty (NYSE:KRC) from a sector perform rating to a sector underperform rating in a research report released on Thursday morning, Marketbeat Ratings reports. The brokerage currently has $38.00 target price on the real estate investment trust’s stock.

Other equities analysts have also issued research reports about the company. Barclays upped their price objective on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI boosted their target price on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. Finally, Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $39.43.

Kilroy Realty Trading Down 1.7 %

Shares of Kilroy Realty stock traded down $0.67 during midday trading on Thursday, reaching $38.73. 636,224 shares of the company’s stock traded hands, compared to its average volume of 1,054,410. The stock has a 50 day moving average of $39.22 and a 200-day moving average of $35.64. Kilroy Realty has a 12 month low of $29.72 and a 12 month high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $4.57 billion, a PE ratio of 23.59 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The company had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. During the same period in the previous year, the firm earned $1.12 earnings per share. As a group, equities analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were issued a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.58%. Kilroy Realty’s payout ratio is 129.34%.

Insider Activity

In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares in the company, valued at $1,033,335.14. This trade represents a 10.20 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 22.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors have recently added to or reduced their stakes in KRC. Wiser Advisor Group LLC raised its holdings in shares of Kilroy Realty by 67.5% in the first quarter. Wiser Advisor Group LLC now owns 757 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 305 shares during the last quarter. UMB Bank n.a. boosted its position in Kilroy Realty by 126.5% in the third quarter. UMB Bank n.a. now owns 967 shares of the real estate investment trust’s stock valued at $37,000 after buying an additional 540 shares during the last quarter. Blue Trust Inc. increased its holdings in Kilroy Realty by 1,322.9% in the 2nd quarter. Blue Trust Inc. now owns 1,366 shares of the real estate investment trust’s stock worth $43,000 after buying an additional 1,270 shares during the period. Versant Capital Management Inc boosted its holdings in shares of Kilroy Realty by 2,510.7% in the 2nd quarter. Versant Capital Management Inc now owns 1,462 shares of the real estate investment trust’s stock valued at $46,000 after acquiring an additional 1,406 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 33.6% in the third quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after acquiring an additional 371 shares during the period. 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.