Kilroy Realty (NYSE:KRC) Receives “Neutral” Rating from The Goldman Sachs Group

The Goldman Sachs Group reiterated their neutral rating on shares of Kilroy Realty (NYSE:KRC) in a research report sent to investors on Friday, Marketbeat reports. The Goldman Sachs Group currently has a $36.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $42.00.

Other research analysts have also issued research reports about the company. Jefferies Financial Group started coverage on Kilroy Realty in a research report on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Wells Fargo & Company cut shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and cut their price target for the company from $43.00 to $35.00 in a research note on Monday, March 10th. 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 report on Monday, March 10th. Barclays raised Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock from $42.00 to $44.00 in a research report on Thursday, February 27th. Finally, Mizuho reiterated a “neutral” rating and set a $43.00 target price (down from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Kilroy Realty presently has a consensus rating of “Hold” and a consensus target price of $39.55.

Kilroy Realty Price Performance

Shares of KRC opened at $33.26 on Friday. The company has a 50 day moving average of $35.43 and a 200-day moving average of $38.25. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a market capitalization of $3.93 billion, a P/E ratio of 18.79 and a beta of 1.02. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results 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 net margin of 18.58% and a return on equity of 3.75%. As a group, equities research analysts forecast that Kilroy Realty will post 4 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Investors of record on Monday, March 31st will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.50%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio is 122.03%.

Insider Activity

In related news, EVP John Osmond sold 4,000 shares of the 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 transaction, the executive vice president now owns 12,528 shares of the company’s stock, valued at $440,484.48. This represents a 24.20 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty 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 sale, the insider now directly owns 86,744 shares in the company, valued at $3,013,486.56. The trade was a 6.47 % 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.

Institutional Trading of Kilroy Realty

Several large investors have recently made changes to their positions in KRC. Vestcor Inc boosted its holdings in Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust’s stock worth $1,328,000 after purchasing an additional 25,492 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust’s stock valued at $75,000 after purchasing an additional 374 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kilroy Realty by 428.5% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock valued at $32,933,000 after buying an additional 689,962 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in Kilroy Realty by 6.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 111,262 shares of the real estate investment trust’s stock valued at $4,306,000 after buying an additional 7,129 shares in the last quarter. Finally, US Bancorp DE lifted its stake in Kilroy Realty by 3.4% in the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after purchasing an additional 317 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors and hedge funds.

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.