Kilroy Realty’s (KRC) “Neutral” Rating Reaffirmed at The Goldman Sachs Group

Kilroy Realty (NYSE:KRC)‘s stock had its “neutral” rating reaffirmed by investment analysts at The Goldman Sachs Group in a research note issued on Friday,Benzinga reports. They presently have a $36.00 price target on the real estate investment trust’s stock, down from their previous price target of $42.00. The Goldman Sachs Group’s price target points to a potential upside of 5.19% from the stock’s current price.

A number of other equities research analysts also recently commented on the stock. Evercore ISI dropped their price objective 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. Wells Fargo & Company lowered Kilroy Realty from an “overweight” rating to an “equal weight” rating and dropped their target price for the company from $43.00 to $35.00 in a report on Monday, March 10th. Royal Bank of Canada decreased their price target 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. Jefferies Financial Group assumed coverage on Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price objective for the company. Finally, Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and raised their target price for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $39.55.

Kilroy Realty Trading Down 0.8 %

NYSE:KRC opened at $34.23 on Friday. The stock has a fifty day moving average price of $35.54 and a 200 day moving average price of $38.26. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The firm has a market cap of $4.04 billion, a PE ratio of 19.34 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating 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%. Sell-side analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Insider Activity

In related news, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the transaction, the insider now owns 86,744 shares of the company’s stock, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Osmond sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 25th. The shares were sold at an average price of $35.16, for a total value of $140,640.00. Following the sale, the executive vice president now directly owns 12,528 shares of the company’s stock, valued at approximately $440,484.48. This represents a 24.20 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

A number of hedge funds and other institutional investors have recently bought and sold shares of KRC. Norges Bank purchased a new stake in shares of Kilroy Realty in the fourth quarter valued at about $366,356,000. Rush Island Management LP purchased a new position in Kilroy Realty during the fourth quarter worth about $109,502,000. Bamco Inc. NY acquired a new stake in Kilroy Realty in the fourth quarter valued at about $58,747,000. Northern Trust Corp increased its position in 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 purchasing an additional 1,085,914 shares during the period. Finally, Deutsche Bank AG raised its stake in shares of Kilroy Realty by 1,226.2% during the 4th quarter. Deutsche Bank AG now owns 815,491 shares of the real estate investment trust’s stock worth $32,987,000 after buying an additional 753,999 shares in the last quarter. 94.22% of the stock is currently owned by hedge funds and other institutional investors.

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.