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

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

A number of other brokerages have also recently issued reports on KRC. Royal Bank of Canada reduced their price objective on shares of Kilroy Realty from $44.00 to $39.00 and set a “sector perform” rating for the company in a research note on Monday, March 10th. Wells Fargo & Company downgraded shares of Kilroy Realty from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $43.00 to $35.00 in a report on Monday, March 10th. Mizuho restated a “neutral” rating and issued a $43.00 price target (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Jefferies Financial Group started coverage on Kilroy Realty in a report on Monday, March 17th. They issued a “hold” rating and a $34.00 price target on the stock. Finally, Evercore ISI lowered their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research report on Wednesday, February 12th. One investment 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. According to MarketBeat, the stock 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. The stock’s 50 day moving average is $35.43 and its 200 day moving average is $38.25. The firm 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 has a twelve month low of $30.71 and a twelve month high of $43.78.

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 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%. Research analysts forecast that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 9th. Shareholders 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 dividend yield of 6.50%. The ex-dividend date is Monday, March 31st. Kilroy Realty’s dividend payout ratio is presently 122.03%.

Insider Buying and Selling

In other news, CEO Angela M. Aman acquired 2,797 shares of the company’s stock in a transaction on Friday, February 28th. The shares were bought at an average cost of $35.45 per share, with a total value of $99,153.65. Following the transaction, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This trade represents a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 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. This trade represents a 6.47 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Kilroy Realty

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

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.