ValuEngine Downgrades Kilroy Realty (NYSE:KRC) to Hold

Kilroy Realty (NYSE:KRC) was downgraded by investment analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued on Thursday, ValuEngine reports.

Several other research firms have also recently weighed in on KRC. BMO Capital Markets set a $81.00 price objective on Kilroy Realty and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Zacks Investment Research raised Kilroy Realty from a “hold” rating to a “buy” rating and set a $89.00 price objective for the company in a research report on Wednesday. Finally, Deutsche Bank boosted their price objective on Kilroy Realty from $80.00 to $82.00 and gave the stock a “hold” rating in a research report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $81.86.

Shares of NYSE:KRC traded down $0.09 on Thursday, reaching $78.20. The company had a trading volume of 440,385 shares, compared to its average volume of 602,722. Kilroy Realty has a twelve month low of $59.05 and a twelve month high of $80.66. The company has a 50-day moving average of $76.82. The stock has a market cap of $7.91 billion, a PE ratio of 22.47, a P/E/G ratio of 3.05 and a beta of 0.77. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.58% and a net margin of 35.13%. The company had revenue of $201.20 million during the quarter, compared to analyst estimates of $190.73 million. During the same period in the prior year, the firm earned $0.94 EPS. Kilroy Realty’s quarterly revenue was up 10.1% on a year-over-year basis. On average, research analysts anticipate that Kilroy Realty will post 3.73 EPS for the current year.

In related news, Director Jolie A. Hunt sold 4,434 shares of the business’s stock in a transaction dated Wednesday, June 5th. The stock was sold at an average price of $75.02, for a total transaction of $332,638.68. Following the completion of the transaction, the director now owns 4,099 shares of the company’s stock, valued at approximately $307,506.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CAO Merryl Elizabeth Werber sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total value of $117,000.00. Following the transaction, the chief accounting officer now directly owns 8,120 shares of the company’s stock, valued at approximately $633,360. The disclosure for this sale can be found here. 2.26% of the stock is currently owned by insiders.

A number of institutional investors and hedge funds have recently modified their holdings of KRC. Hanson & Doremus Investment Management bought a new position in Kilroy Realty during the first quarter valued at about $52,000. CAPROCK Group Inc. bought a new position in Kilroy Realty during the second quarter valued at about $205,000. Piedmont Investment Advisors Inc. bought a new position in Kilroy Realty during the first quarter valued at about $207,000. Bailard Inc. bought a new position in Kilroy Realty during the second quarter valued at about $214,000. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new position in Kilroy Realty during the first quarter valued at about $219,000. Hedge funds and other institutional investors own 96.67% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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