Kilroy Realty (NYSE:KRC) Earns Neutral Rating from The Goldman Sachs Group

Kilroy Realty (NYSE:KRC)‘s stock had its “neutral” rating restated by research analysts at The Goldman Sachs Group in a report issued on Friday, Marketbeat Ratings reports. They presently have a $36.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $42.00. The Goldman Sachs Group’s target price would indicate a potential upside of 8.25% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Mizuho reissued a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Royal Bank of Canada reduced their target price on Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a report on Monday, March 10th. Finally, Evercore ISI lowered their price target on Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating on the stock in a research note on Wednesday, February 12th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus target price of $39.55.

Kilroy Realty Stock Down 2.8 %

Shares of KRC opened at $33.26 on Friday. The company has a market capitalization of $3.93 billion, a price-to-earnings ratio of 18.79 and a beta of 1.02. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The stock’s 50-day moving average price is $35.43 and its 200-day moving average price is $38.28. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data 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 return on equity of 3.75% and a net margin of 18.58%. On average, sell-side analysts predict that Kilroy Realty will post 4 EPS for the current year.

Insider Activity

In other news, EVP John Osmond sold 4,000 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total transaction of $140,640.00. Following the completion of the transaction, the executive vice president now directly owns 12,528 shares in the company, valued at approximately $440,484.48. This represents a 24.20 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Angela M. Aman acquired 2,797 shares of Kilroy Realty stock in a transaction that occurred on Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at $99,153.65. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue raised its holdings in shares of Kilroy Realty by 0.4% in the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock valued at $2,768,000 after buying an additional 276 shares during the period. Choreo LLC lifted its position in shares of Kilroy Realty by 3.2% during the fourth quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after purchasing an additional 278 shares in the last quarter. M&T Bank Corp boosted its stake in shares of Kilroy Realty by 1.3% in the fourth quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock valued at $926,000 after purchasing an additional 293 shares during the period. US Bancorp DE grew its holdings in shares of Kilroy Realty by 3.4% in the fourth quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock valued at $392,000 after purchasing an additional 317 shares in the last quarter. Finally, Treasurer of the State of North Carolina increased its stake in Kilroy Realty by 0.6% during the 4th quarter. Treasurer of the State of North Carolina now owns 51,388 shares of the real estate investment trust’s stock worth $2,079,000 after buying an additional 320 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

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.