Shares of Kilroy Realty (KRC) took a sharp dive in pre-market trading on Tuesday, plummeting 5.18% following a bearish analyst report. The significant drop comes as investors react to Scotiabank's reiterated Sell rating on the real estate investment trust.

In a report released early Tuesday, Scotiabank analyst Nicholas Yulico maintained his Sell rating on Kilroy Realty, signaling continued pessimism about the company's prospects. While the specific details of the price target were not disclosed, the maintained negative stance appears to have spooked investors, triggering a sell-off in KRC shares.

The timing of Scotiabank's report, coinciding with the pre-market plunge, suggests a direct correlation between the analyst's bearish view and the stock's performance. As the market digests this latest assessment, investors will be closely watching for any further developments or responses from Kilroy Realty that might influence the stock's trajectory in the coming trading sessions.