The Goldman Sachs Group Issues Pessimistic Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its price objective decreased by stock analysts at The Goldman Sachs Group from $48.00 to $42.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price would indicate a potential upside of 28.39% from the stock’s previous close.

Other equities analysts have also issued reports about the company. Barclays cut their target price on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and cut their price objective for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 target price on shares of Kilroy Realty in a research report on Monday, February 10th. Evercore ISI dropped their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research report on Wednesday, February 12th. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their price objective for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average target price of $41.27.

Kilroy Realty Trading Down 2.3 %

NYSE:KRC opened at $32.71 on Thursday. The company has a market capitalization of $3.86 billion, a P/E ratio of 18.48 and a beta of 1.02. The stock’s 50 day moving average price is $38.35 and its 200 day moving average price is $38.37. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.21 and a current ratio of 2.21. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. On average, research analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Insiders Place Their Bets

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

Institutional Investors Weigh In On Kilroy Realty

Several institutional investors and hedge funds have recently bought and sold shares of KRC. Norges Bank bought a new stake in Kilroy Realty in the fourth quarter valued at about $366,356,000. Rush Island Management LP bought a new stake in shares of Kilroy Realty in the 4th quarter valued at approximately $109,502,000. Bamco Inc. NY acquired a new position in shares of Kilroy Realty in the 4th quarter worth approximately $58,747,000. Northern Trust Corp lifted its position in shares of Kilroy Realty by 107.5% during the 4th quarter. Northern Trust Corp now owns 2,096,471 shares of the real estate investment trust’s stock worth $84,802,000 after buying an additional 1,085,914 shares during the period. Finally, Deutsche Bank AG boosted its stake in Kilroy Realty by 1,226.2% in the 4th quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock valued at $32,987,000 after buying an additional 753,999 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

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.