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

Kilroy Realty (NYSE:KRC) had its target price dropped by Barclays from $43.00 to $42.00 in a research note issued to investors on Monday,Benzinga reports. The brokerage currently has an “equal weight” rating on the real estate investment trust’s stock. Barclays‘s price target indicates a potential upside of 11.11% from the company’s previous close.

KRC has been the topic of a number of other research reports. Mizuho reiterated a “neutral” rating and set a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Scotiabank lowered Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research note on Thursday, November 14th. Evercore ISI increased their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research note on Wednesday, October 30th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $40.70.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $1.22 during mid-day trading on Monday, reaching $37.80. The stock had a trading volume of 555,323 shares, compared to its average volume of 1,103,076. The firm has a market cap of $4.46 billion, a PE ratio of 22.60 and a beta of 1.02. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The firm’s 50 day simple moving average is $39.87 and its 200 day simple moving average is $38.38.

Insider Buying and Selling at Kilroy Realty

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the sale, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Wolverine Asset Management LLC increased its holdings in Kilroy Realty by 14.5% in the fourth quarter. Wolverine Asset Management LLC now owns 78,854 shares of the real estate investment trust’s stock valued at $3,190,000 after purchasing an additional 9,961 shares during the last quarter. Handelsbanken Fonder AB grew its position in shares of Kilroy Realty by 18.5% during the 4th quarter. Handelsbanken Fonder AB now owns 37,074 shares of the real estate investment trust’s stock worth $1,500,000 after buying an additional 5,800 shares during the period. Venturi Wealth Management LLC increased its stake in shares of Kilroy Realty by 67.4% in the 4th quarter. Venturi Wealth Management LLC now owns 4,875 shares of the real estate investment trust’s stock valued at $197,000 after acquiring an additional 1,963 shares during the last quarter. Sanctuary Advisors LLC raised its position in shares of Kilroy Realty by 5.1% in the 4th quarter. Sanctuary Advisors LLC now owns 7,114 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 347 shares during the period. Finally, Principal Financial Group Inc. boosted its stake in Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares during the last quarter. 94.22% of the stock is currently 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.