Kilroy Realty Corporation (NYSE:KRC) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday.

According to Zacks, “Kilroy Realty Corporation owns, operates and develops commercial and industrial properties, primarily in California, Washington, and Arizona. At March 31, 1997, the Company owned 2.0 million square feet of commercial office space and 1.3 million square feet of industrial space. “

Several other equities analysts also recently issued reports on the stock. Deutsche Bank AG reissued a “hold” rating and set a $76.00 price target (down previously from $80.00) on shares of Kilroy Realty Corporation in a report on Monday. RBC Capital Markets downgraded shares of Kilroy Realty Corporation from an “outperform” rating to a “sector perform” rating and reduced their price objective for the stock from $82.00 to $80.00 in a report on Tuesday, January 3rd. They noted that the move was a valuation call. Wells Fargo & Company reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Kilroy Realty Corporation in a report on Thursday, December 1st. Evercore ISI downgraded shares of Kilroy Realty Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $77.00 to $76.00 in a report on Monday, November 28th. Finally, Bank of America Corporation raised shares of Kilroy Realty Corporation from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a report on Friday, October 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $76.57.

Analyst Recommendations for Kilroy Realty Corporation (NYSE:KRC)

Kilroy Realty Corporation (NYSE:KRC) traded up 0.39% during midday trading on Wednesday, hitting $72.59. 84,482 shares of the company’s stock traded hands. Kilroy Realty Corporation has a 52 week low of $46.76 and a 52 week high of $77.54. The company has a market capitalization of $6.69 billion, a PE ratio of 24.59 and a beta of 0.81. The company has a 50 day moving average of $73.80 and a 200-day moving average of $70.90.

Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.87 by $0.05. Kilroy Realty Corporation had a net margin of 46.62% and a return on equity of 8.94%. The company earned $168.30 million during the quarter, compared to the consensus estimate of $144.06 million. During the same quarter in the previous year, the company posted $0.77 earnings per share. The company’s revenue for the quarter was up 18.9% compared to the same quarter last year. Equities research analysts predict that Kilroy Realty Corporation will post $2.99 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given a $0.375 dividend. This represents a $1.50 annualized dividend and a yield of 2.07%. The ex-dividend date of this dividend is Wednesday, December 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is presently 50.68%.

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In other Kilroy Realty Corporation news, COO Jeffrey C. Hawken sold 12,932 shares of the business’s stock in a transaction dated Wednesday, December 7th. The shares were sold at an average price of $75.39, for a total value of $974,943.48. Following the sale, the chief operating officer now directly owns 404,277 shares in the company, valued at $30,478,443.03. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, COO Jeffrey C. Hawken sold 37,068 shares of the business’s stock in a transaction dated Tuesday, December 6th. The stock was sold at an average price of $75.15, for a total transaction of $2,785,660.20. Following the completion of the sale, the chief operating officer now owns 404,277 shares in the company, valued at $30,381,416.55. The disclosure for this sale can be found here. 2.28% of the stock is currently owned by company insiders.

A number of large investors have recently modified their holdings of the company. State Treasurer State of Michigan boosted its stake in shares of Kilroy Realty Corporation by 0.3% in the third quarter. State Treasurer State of Michigan now owns 37,100 shares of the real estate investment trust’s stock valued at $2,573,000 after buying an additional 100 shares during the period. IBM Retirement Fund boosted its stake in shares of Kilroy Realty Corporation by 3.3% in the second quarter. IBM Retirement Fund now owns 9,142 shares of the real estate investment trust’s stock valued at $606,000 after buying an additional 289 shares during the period. PNC Financial Services Group Inc. boosted its stake in shares of Kilroy Realty Corporation by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 371 shares during the period. LS Investment Advisors LLC boosted its stake in shares of Kilroy Realty Corporation by 7.1% in the third quarter. LS Investment Advisors LLC now owns 5,931 shares of the real estate investment trust’s stock valued at $411,000 after buying an additional 392 shares during the period. Finally, BB&T Securities LLC boosted its stake in shares of Kilroy Realty Corporation by 13.6% in the third quarter. BB&T Securities LLC now owns 3,733 shares of the real estate investment trust’s stock valued at $258,000 after buying an additional 448 shares during the period.

Kilroy Realty Corporation Company Profile

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.

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