Kilroy Realty (NYSE:KRC) Rating Lowered to Underperform at BMO Capital Markets

Kilroy Realty (NYSE:KRC) was downgraded by analysts at BMO Capital Markets from a “market perform” rating to an “underperform” rating in a report released on Wednesday, Marketbeat.com reports. They currently have a $35.00 price objective on the real estate investment trust’s stock. BMO Capital Markets’ price objective suggests a potential downside of 4.80% from the company’s current price.

A number of other brokerages also recently issued reports on KRC. Mizuho decreased their price target on Kilroy Realty from $43.00 to $35.00 and set a “neutral” rating for the company in a report on Monday. The Goldman Sachs Group reiterated a “neutral” rating and set a $36.00 target price (down previously from $42.00) on shares of Kilroy Realty in a research report on Friday, March 28th. JPMorgan Chase & Co. cut their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 2nd. KeyCorp cut their target price on Kilroy Realty from $45.00 to $41.00 and set an “overweight” rating on the stock in a research report on Monday, March 31st. Finally, Scotiabank cut their target price on Kilroy Realty from $38.00 to $37.00 and set a “sector underperform” rating on the stock in a research report on Monday. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $37.73.

Kilroy Realty Price Performance

NYSE:KRC opened at $36.77 on Wednesday. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.07. The stock has a market cap of $4.35 billion, a PE ratio of 21.88 and a beta of 1.19. The stock has a 50 day moving average price of $34.07 and a 200 day moving average price of $34.42.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, May 5th. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01). The company had revenue of $270.84 million during the quarter, compared to analyst estimates of $274.90 million. Kilroy Realty had a net margin of 17.74% and a return on equity of 3.57%. Kilroy Realty’s revenue for the quarter was down 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $1.11 EPS. Equities research analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of KRC. American National Bank & Trust acquired a new stake in Kilroy Realty in the 2nd quarter valued at approximately $25,000. Allworth Financial LP increased its position in Kilroy Realty by 192.1% in the 1st quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 634 shares during the period. Summit Securities Group LLC acquired a new stake in Kilroy Realty in the 4th quarter valued at approximately $49,000. UMB Bank n.a. increased its position in Kilroy Realty by 46.0% in the 2nd quarter. UMB Bank n.a. now owns 1,694 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 534 shares during the period. Finally, GF Fund Management CO. LTD. acquired a new stake in Kilroy Realty in the fourth quarter worth approximately $82,000. 94.22% of the stock is currently owned by institutional investors and hedge funds.

About Kilroy Realty

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.