The Goldman Sachs Group Reiterates “Neutral” Rating for Kilroy Realty (NYSE:KRC)

The Goldman Sachs Group reissued their neutral rating on shares of Kilroy Realty (NYSE:KRC) in a report published on Friday, MarketBeat Ratings reports. The Goldman Sachs Group currently has a $36.00 price target on the real estate investment trust’s stock, down from their prior price target of $42.00.

Other equities research analysts have also recently issued reports about the company. Wells Fargo & Company cut 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 research report on Monday, March 10th. Jefferies Financial Group initiated coverage on Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price objective on the stock. Barclays upgraded Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price objective for the company from $42.00 to $44.00 in a research report on Thursday, February 27th. Mizuho reiterated a “neutral” rating and set a $43.00 target price (down previously from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Finally, Royal Bank of Canada dropped their price target on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Monday, March 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and an average target price of $39.55.

Kilroy Realty Trading Down 2.8 %

Kilroy Realty stock opened at $33.26 on Friday. The firm has a market cap of $3.93 billion, a PE ratio of 18.79 and a beta of 1.02. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The stock’s 50 day simple moving average is $35.43 and its two-hundred day simple moving average is $38.31. 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 (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 net margin of 18.58% and a return on equity of 3.75%. Analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Dividend Announcement

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

Insider Transactions at Kilroy Realty

In other news, EVP John Osmond sold 4,000 shares of the business’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 12,528 shares in the company, valued at $440,484.48. The trade was a 24.20 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Angela M. Aman purchased 2,797 shares of the company’s stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the transaction, the chief executive officer now directly owns 2,797 shares of the company’s stock, valued at approximately $99,153.65. This represents a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 2.49% of the company’s stock.

Institutional Inflows and Outflows

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