Kilroy Realty (NYSE:KRC) Given New $42.00 Price Target at The Goldman Sachs Group

Kilroy Realty (NYSE:KRC) had its price objective decreased by investment analysts at The Goldman Sachs Group from $48.00 to $42.00 in a report issued 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 points to a potential upside of 28.39% from the stock’s previous close.

A number of other equities analysts have also issued reports on KRC. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research report on Monday, February 10th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research report on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a report on Friday, December 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $41.27.

Kilroy Realty Trading Down 2.3 %

KRC stock opened at $32.71 on Thursday. The business has a fifty day moving average price of $38.35 and a 200 day moving average price of $38.37. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. Kilroy Realty has a fifty-two week low of $30.71 and a fifty-two week high of $43.78. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.48 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. Analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.28, for a total value 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. This represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently made changes to their positions in the company. CWM LLC grew its stake in Kilroy Realty by 25.2% in the third quarter. CWM LLC now owns 3,802 shares of the real estate investment trust’s stock valued at $147,000 after acquiring an additional 766 shares during the period. Creative Planning lifted its holdings in shares of Kilroy Realty by 28.0% during the 3rd quarter. Creative Planning now owns 38,595 shares of the real estate investment trust’s stock valued at $1,494,000 after purchasing an additional 8,433 shares in the last quarter. Blue Trust Inc. grew its position in shares of Kilroy Realty by 202.9% in the 3rd quarter. Blue Trust Inc. now owns 4,138 shares of the real estate investment trust’s stock valued at $160,000 after purchasing an additional 2,772 shares during the period. International Assets Investment Management LLC increased its stake in Kilroy Realty by 4,454.4% during the 3rd quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust’s stock worth $518,000 after purchasing an additional 13,096 shares in the last quarter. Finally, Ballentine Partners LLC raised its holdings in Kilroy Realty by 8.0% during the 3rd quarter. Ballentine Partners LLC now owns 18,733 shares of the real estate investment trust’s stock worth $725,000 after buying an additional 1,394 shares during the period. Institutional investors and hedge funds 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.