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

Wall Street Zen downgraded shares of Kilroy Realty (NYSE:KRC) from a hold rating to a sell rating in a report published on Saturday,Wall Street Zen reports.

Several other research firms have also recently weighed in on KRC. Weiss Ratings raised shares of Kilroy Realty from a “hold (c-)” rating to a “hold (c)” rating in a research note on Wednesday, July 1st. The Goldman Sachs Group lifted 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. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $42.00 to $44.00 in a research report on Tuesday, June 16th. Needham & Company LLC reissued a “buy” rating on shares of Kilroy Realty in a research note on Monday, June 8th. Finally, Evercore upgraded Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price objective for the company in a research report on Monday, June 8th. Five equities research analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $39.47.

Kilroy Realty Stock Performance

Shares of KRC opened at $34.88 on Friday. The firm’s 50 day moving average is $37.65 and its 200-day moving average is $34.60. The stock has a market capitalization of $4.06 billion, a P/E ratio of 24.57 and a beta of 1.11. 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 12-month low of $27.36 and a 12-month high of $45.03.

Kilroy Realty (NYSE:KRC) last released its 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). The business had revenue of $272.37 million during the quarter, compared to the consensus estimate of $267.39 million. Kilroy Realty had a return on equity of 3.04% and a net margin of 15.47%.The firm’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.13 earnings per share. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts anticipate that Kilroy Realty will post 3.59 EPS for the current fiscal year.

Insider Activity at Kilroy Realty

In related news, Director Jolie Hunt sold 15,800 shares of the stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the transaction, the director owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders own 0.83% of the company’s stock.

Institutional Trading of Kilroy Realty

Several large investors have recently added to or reduced their stakes in the business. Situational Awareness LP acquired a new stake in shares of Kilroy Realty during the 4th quarter worth approximately $49,616,000. Bank of America Corp DE lifted its position in Kilroy Realty by 118.1% in the first quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock worth $45,745,000 after purchasing an additional 877,907 shares during the period. Hsbc Holdings PLC lifted its position in Kilroy Realty by 29.1% in the first quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust’s stock worth $7,303,000 after purchasing an additional 58,337 shares during the period. GSA Capital Partners LLP acquired a new stake in Kilroy Realty during the second quarter worth $1,568,000. Finally, KBC Group NV boosted its stake in Kilroy Realty by 1,938.6% during the first quarter. KBC Group NV now owns 78,831 shares of the real estate investment trust’s stock worth $2,224,000 after buying an additional 74,964 shares in the last quarter. 94.22% of the stock is 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.