Kilroy Realty (NYSE:KRC) Cut to “Hold” at Jefferies Financial Group

Jefferies Financial Group cut shares of Kilroy Realty (NYSE:KRC) from a buy rating to a hold rating in a report released on Thursday morning, Marketbeat.com reports. The firm currently has $41.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $45.00.

Several other brokerages have also commented on KRC. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a report on Friday, December 20th. Barclays lifted their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research note on Monday, October 28th. Evercore ISI upped their price objective on shares of Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Finally, Wells Fargo & Company cut their target price on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Kilroy Realty currently has an average rating of “Hold” and a consensus target price of $40.67.

Kilroy Realty Stock Performance

KRC opened at $40.63 on Thursday. The firm has a fifty day moving average price of $40.61 and a 200 day moving average price of $37.53. Kilroy Realty has a 1 year low of $30.71 and a 1 year high of $43.78. The stock has a market cap of $4.80 billion, a P/E ratio of 24.33 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.

Kilroy Realty (NYSE:KRC) last released 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). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. During the same period in the previous year, the firm posted $1.12 EPS. The firm’s quarterly revenue was up 2.2% on a year-over-year basis. Equities research analysts anticipate that Kilroy Realty will post 4.41 earnings per share for the current year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st will be given a dividend of $0.54 per share. The ex-dividend date is Tuesday, December 31st. This represents a $2.16 dividend on an annualized basis and a yield of 5.32%. Kilroy Realty’s payout ratio is presently 129.34%.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction 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 transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.49% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Waterfall Asset Management LLC acquired a new stake in Kilroy Realty during the second quarter worth about $1,309,000. CWA Asset Management Group LLC purchased a new stake in shares of Kilroy Realty in the 3rd quarter valued at approximately $476,000. Vestcor Inc increased its holdings in shares of Kilroy Realty by 289.0% during the 3rd quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after buying an additional 25,492 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Kilroy Realty during the 2nd quarter valued at approximately $1,178,000. Finally, International Assets Investment Management LLC lifted its holdings in Kilroy Realty by 4,454.4% in the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock valued at $518,000 after acquiring an additional 13,096 shares during the last quarter. Hedge funds and other institutional investors 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.