Kilroy Realty (NYSE:KRC) Given New $42.00 Price Target at KeyCorp

Kilroy Realty (NYSE:KRC) had its price target lowered by research analysts at KeyCorp from $45.00 to $42.00 in a research note issued on Tuesday, Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. KeyCorp’s target price would suggest a potential upside of 34.27% from the stock’s current price.

KRC has been the subject of a number of other reports. Barclays initiated coverage on Kilroy Realty in a research report on Wednesday, March 27th. They issued an “equal weight” rating and a $38.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a research report on Thursday, May 30th. Finally, Royal Bank of Canada cut Kilroy Realty from an “outperform” rating to a “sector perform” rating and cut their price objective for the company from $44.00 to $39.00 in a research report on Friday, March 8th. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus target price of $38.20.

Kilroy Realty Stock Performance

KRC opened at $31.28 on Tuesday. Kilroy Realty has a 12-month low of $26.78 and a 12-month high of $43.37. The stock has a market cap of $3.67 billion, a price-to-earnings ratio of 17.98 and a beta of 1.04. The business has a 50 day moving average of $32.94 and a 200-day moving average of $35.51. The company has a quick ratio of 3.30, a current ratio of 3.30 and a debt-to-equity ratio of 0.91.

Insider Buying and Selling at Kilroy Realty

In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, CAO Merryl Elizabeth Werber sold 3,329 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $33.66, for a total transaction of $112,054.14. Following the sale, the chief accounting officer now owns 29,081 shares of the company’s stock, valued at approximately $978,866.46. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider A. Robert Paratte sold 12,000 shares of Kilroy Realty stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $33.35, for a total value of $400,200.00. Following the transaction, the insider now directly owns 68,139 shares in the company, valued at $2,272,435.65. 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 made changes to their positions in the business. Lasalle Investment Management Securities LLC raised its position in shares of Kilroy Realty by 17.3% in the 1st quarter. Lasalle Investment Management Securities LLC now owns 860,214 shares of the real estate investment trust’s stock worth $31,338,000 after acquiring an additional 127,036 shares in the last quarter. DekaBank Deutsche Girozentrale increased its position in Kilroy Realty by 13.2% in the 1st quarter. DekaBank Deutsche Girozentrale now owns 49,420 shares of the real estate investment trust’s stock valued at $1,751,000 after buying an additional 5,749 shares in the last quarter. Swedbank AB bought a new stake in Kilroy Realty in the 1st quarter valued at about $5,811,000. Walleye Trading LLC bought a new stake in Kilroy Realty in the 1st quarter valued at about $264,000. Finally, Tidal Investments LLC increased its position in Kilroy Realty by 53.5% in the 1st quarter. Tidal Investments LLC now owns 10,808 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 3,767 shares in the last quarter. 94.22% of the stock is owned by institutional investors.

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.