Wall Street Zen Downgrades Kilroy Realty (NYSE:KRC) to Sell

Kilroy Realty (NYSE:KRC) was downgraded by research analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other research firms also recently weighed in on KRC. Citigroup increased their target price on Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a report on Thursday, July 30th. The Goldman Sachs Group upped their price target on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday, July 29th. Needham & Company LLC reiterated a “buy” rating on shares of Kilroy Realty in a research note on Monday, June 8th. Mizuho increased their price objective on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a research note on Tuesday, July 21st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Five research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $39.47.

Kilroy Realty Trading Up 0.2%

NYSE:KRC opened at $34.98 on Friday. The company has a market cap of $4.07 billion, a PE ratio of 24.63 and a beta of 1.11. The company has a current ratio of 2.65, a quick ratio of 2.65 and a debt-to-equity ratio of 0.83. The company has a 50 day simple moving average of $37.74 and a two-hundred day simple moving average of $34.57. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $45.03.

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

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the business’s 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 completion of the sale, the director owned 13,892 shares of the company’s stock, valued at approximately $524,978.68. The trade was a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Royal Bank of Canada raised its stake in Kilroy Realty by 15.7% during the 1st quarter. Royal Bank of Canada now owns 59,424 shares of the real estate investment trust’s stock worth $1,947,000 after acquiring an additional 8,078 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Kilroy Realty by 40.2% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,192 shares of the real estate investment trust’s stock valued at $2,037,000 after purchasing an additional 17,848 shares in the last quarter. Goldman Sachs Group Inc. boosted its position in shares of Kilroy Realty by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 861,043 shares of the real estate investment trust’s stock worth $28,208,000 after purchasing an additional 52,333 shares during the period. United Services Automobile Association bought a new position in shares of Kilroy Realty in the first quarter worth approximately $229,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of Kilroy Realty by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 152,846 shares of the real estate investment trust’s stock worth $5,007,000 after purchasing an additional 1,320 shares during the period. 94.22% of the stock is currently owned by institutional investors.

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.