Kilroy Realty (NYSE:KRC) Reaches New 12-Month Low Following Analyst Downgrade

Kilroy Realty Co. (NYSE:KRC)’s stock price hit a new 52-week low during mid-day trading on Thursday after JPMorgan Chase & Co. lowered their price target on the stock from $49.00 to $42.00. JPMorgan Chase & Co. currently has an overweight rating on the stock. Kilroy Realty traded as low as $30.70 and last traded at $30.83, with a volume of 1119679 shares changing hands. The stock had previously closed at $33.30.

KRC has been the subject of a number of other reports. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Mizuho reiterated a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. KeyCorp decreased their target price on shares of Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating for the company in a research report on Monday. Royal Bank of Canada cut their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a report on Monday, March 10th. Finally, Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Kilroy Realty presently has an average rating of “Hold” and an average price target of $38.82.

Insider Buying and Selling at Kilroy Realty

In related news, CEO Angela M. Aman acquired 2,797 shares of the stock in a transaction on Friday, February 28th. The shares were acquired at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider A. Robert Paratte sold 6,000 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the transaction, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of KRC. Norges Bank acquired a new stake in Kilroy Realty in the 4th quarter worth about $366,356,000. Principal Financial Group Inc. lifted its position in shares of Kilroy Realty by 4.7% in the fourth quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock valued at $196,680,000 after acquiring an additional 218,163 shares in the last quarter. Resolution Capital Ltd boosted its stake in shares of Kilroy Realty by 12.6% in the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock worth $181,526,000 after acquiring an additional 500,635 shares during the last quarter. Price T Rowe Associates Inc. MD increased its position in shares of Kilroy Realty by 6.3% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock worth $132,087,000 after purchasing an additional 193,291 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its stake in Kilroy Realty by 29.3% in the 4th quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock valued at $121,509,000 after purchasing an additional 680,870 shares during the last quarter. Institutional investors and hedge funds own 94.22% of the company’s stock.

Kilroy Realty Stock Down 7.3 %

The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The business has a fifty day simple moving average of $35.08 and a two-hundred day simple moving average of $38.23. The company has a market cap of $3.65 billion, a PE ratio of 17.42 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating 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%. As a group, equities research analysts predict that Kilroy Realty Co. will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 7.00%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s payout ratio is 122.03%.

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.