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

Kilroy Realty (NYSE:KRC)‘s stock had its “neutral” rating restated by stock analysts at The Goldman Sachs Group in a report released on Friday, MarketBeat Ratings reports. They currently 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 objective indicates a potential upside of 8.25% from the stock’s current price.

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

Kilroy Realty Trading Down 2.8 %

NYSE KRC opened at $33.26 on Friday. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The firm has a 50 day moving average of $35.43 and a two-hundred day moving average of $38.28. The stock has a market capitalization of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02. 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 announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping 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%. As a group, research analysts expect that Kilroy Realty will post 4 EPS for the current fiscal year.

Insider Activity at Kilroy Realty

In related news, insider A. Robert Paratte sold 6,000 shares of the firm’s stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $34.74, for a total value of $208,440.00. Following the completion of the sale, the insider now owns 86,744 shares in the company, valued at $3,013,486.56. This trade represents a 6.47 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP John Osmond sold 4,000 shares of Kilroy Realty 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 completion of the sale, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. This represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of KRC. Norges Bank acquired a new position in Kilroy Realty during the fourth quarter worth about $366,356,000. Principal Financial Group Inc. boosted its stake in shares of Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after acquiring an additional 218,163 shares in the last quarter. Resolution Capital Ltd grew its holdings in shares of Kilroy Realty by 12.6% in the 4th quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock worth $181,526,000 after acquiring an additional 500,635 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Kilroy Realty by 6.3% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 3,265,387 shares of the real estate investment trust’s stock valued at $132,087,000 after purchasing an additional 193,291 shares in the last quarter. Finally, T. Rowe Price Investment Management Inc. raised its holdings in Kilroy Realty by 29.3% during the fourth quarter. T. Rowe Price Investment Management Inc. now owns 3,003,920 shares of the real estate investment trust’s stock worth $121,509,000 after purchasing an additional 680,870 shares during the last quarter. 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.