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

The Goldman Sachs Group restated 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 price objective on the real estate investment trust’s stock, down from their prior price objective of $42.00.

Other equities analysts have also issued research reports about the company. Jefferies Financial Group initiated coverage on Kilroy Realty in a research note on Monday, March 17th. They set a “hold” rating and a $34.00 price target on the stock. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and boosted their price target for the company from $42.00 to $44.00 in a report on Thursday, February 27th. Royal Bank of Canada dropped their price objective 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. Mizuho reissued a “neutral” rating and set a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. Finally, JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $45.00 to $49.00 in a report on Friday, December 20th. One investment 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. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $39.55.

Kilroy Realty Stock Down 2.8 %

Shares of NYSE:KRC opened at $33.26 on Friday. The company has a market cap of $3.93 billion, a price-to-earnings 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 company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. The company has a 50-day moving average price of $35.43 and a 200 day moving average price of $38.31.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data 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 return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

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

Insider Buying and Selling

In related news, CEO Angela M. Aman purchased 2,797 shares of the firm’s stock in a transaction on Friday, February 28th. The stock was acquired at an average price of $35.45 per share, with a total value of $99,153.65. Following the completion of the acquisition, the chief executive officer now owns 2,797 shares in the company, valued at approximately $99,153.65. This represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider A. Robert Paratte sold 6,000 shares of Kilroy Realty stock in a transaction on Monday, March 24th. The stock was sold at an average price of $34.74, for a total transaction of $208,440.00. Following the sale, the insider now owns 86,744 shares of the company’s stock, 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. 2.49% of the stock is owned by company insiders.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds have recently made changes to their positions in KRC. Fairtree Asset Management Pty Ltd purchased a new stake in Kilroy Realty during the 4th quarter valued at about $519,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Kilroy Realty during the fourth quarter worth about $11,892,000. GF Fund Management CO. LTD. purchased a new stake in Kilroy Realty in the fourth quarter valued at approximately $82,000. Tidal Investments LLC increased its holdings in Kilroy Realty by 51.1% in the 4th quarter. Tidal Investments LLC now owns 11,295 shares of the real estate investment trust’s stock worth $457,000 after buying an additional 3,820 shares during the period. Finally, Sapience Investments LLC raised its position in Kilroy Realty by 20.0% during the 4th quarter. Sapience Investments LLC now owns 69,865 shares of the real estate investment trust’s stock worth $2,826,000 after buying an additional 11,646 shares during the last quarter. 94.22% of the stock is 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.