Scotiabank Cuts Kilroy Realty (NYSE:KRC) Price Target to $39.00

Kilroy Realty (NYSE:KRC) had its price objective trimmed by Scotiabank from $41.00 to $39.00 in a research report released on Thursday, MarketBeat.com reports. The brokerage currently has a sector perform rating on the real estate investment trust’s stock.

KRC has been the topic of several other research reports. Evercore upgraded shares of Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price target on the stock in a research report on Monday, June 8th. Bank of America upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $42.00 to $44.00 in a report on Tuesday, June 16th. UBS Group set a $44.00 target price on Kilroy Realty in a research report on Tuesday, June 16th. The Goldman Sachs Group boosted their price target on Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a report on Wednesday, July 29th. Finally, Wall Street Zen lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Five investment analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $39.33.

Kilroy Realty Trading Down 0.4%

Shares of KRC stock opened at $34.30 on Thursday. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty has a 1 year low of $27.36 and a 1 year high of $45.03. The stock has a market capitalization of $3.99 billion, a price-to-earnings ratio of 24.15 and a beta of 1.11. The company’s fifty day simple moving average is $37.33 and its two-hundred day simple moving average is $34.67.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The firm had revenue of $272.37 million for the quarter, compared to analysts’ expectations of $267.39 million. During the same quarter last year, the firm earned $1.13 earnings per share. The firm’s revenue for the quarter was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. As a group, analysts anticipate that Kilroy Realty will post 3.59 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 14th. Investors of record on Wednesday, September 30th will be given a $0.54 dividend. This represents a $2.16 annualized dividend and a dividend yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 30th. Kilroy Realty’s dividend payout ratio is presently 152.11%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the stock in a transaction dated Monday, June 29th. The stock was sold at an average price of $37.79, for a total transaction of $597,082.00. Following the sale, the director directly owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. This trade represents a 53.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.83% of the stock is owned by company insiders.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently modified their holdings of KRC. State of Michigan Retirement System lifted its stake in Kilroy Realty by 1.9% during the first quarter. State of Michigan Retirement System now owns 26,265 shares of the real estate investment trust’s stock worth $741,000 after purchasing an additional 500 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Kilroy Realty by 2.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 22,387 shares of the real estate investment trust’s stock valued at $632,000 after acquiring an additional 600 shares during the period. Global Retirement Partners LLC boosted its holdings in Kilroy Realty by 52.1% during the 4th quarter. Global Retirement Partners LLC now owns 1,787 shares of the real estate investment trust’s stock valued at $67,000 after acquiring an additional 612 shares during the period. GAMMA Investing LLC grew its position in Kilroy Realty by 36.0% in the 2nd quarter. GAMMA Investing LLC now owns 2,462 shares of the real estate investment trust’s stock valued at $92,000 after acquiring an additional 652 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its position in Kilroy Realty by 13.2% in the 4th quarter. Hantz Financial Services Inc. now owns 5,960 shares of the real estate investment trust’s stock valued at $223,000 after acquiring an additional 694 shares in the last quarter. Hedge funds and other institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.