Kilroy Realty (KRC) Upgraded at Goldman Sachs Group

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Goldman Sachs Group upgraded shares of Kilroy Realty (NYSE:KRC) from a neutral rating to a buy rating in a report issued on Monday, Marketbeat Ratings reports. The firm currently has $81.00 price target on the real estate investment trust’s stock, up from their previous price target of $80.00.

Several other equities analysts also recently weighed in on KRC. Robert W. Baird upgraded Kilroy Realty from a neutral rating to an outperform rating and raised their target price for the company from $82.00 to $86.00 in a research report on Friday, March 1st. ValuEngine upgraded Kilroy Realty from a hold rating to a buy rating in a research report on Friday, February 8th. Zacks Investment Research upgraded Kilroy Realty from a sell rating to a hold rating in a research report on Wednesday, February 13th. Bank of America upgraded Kilroy Realty from a neutral rating to a buy rating and raised their target price for the company from $80.00 to $82.00 in a research report on Tuesday, November 13th. Finally, Wells Fargo & Co downgraded Kilroy Realty from an outperform rating to a market perform rating and decreased their target price for the company from $82.00 to $72.00 in a research report on Tuesday, December 11th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $79.86.

Shares of KRC stock opened at $74.91 on Monday. The company has a market cap of $7.57 billion, a price-to-earnings ratio of 21.53, a price-to-earnings-growth ratio of 2.85 and a beta of 0.85. The company has a current ratio of 1.22, a quick ratio of 1.01 and a debt-to-equity ratio of 0.70. Kilroy Realty has a 12-month low of $59.05 and a 12-month high of $77.73.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.89 by ($0.11). The business had revenue of $190.80 million for the quarter, compared to analysts’ expectations of $185.19 million. Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.85 EPS. On average, research analysts predict that Kilroy Realty will post 3.68 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be given a $0.455 dividend. The ex-dividend date of this dividend is Thursday, March 28th. This represents a $1.82 annualized dividend and a dividend yield of 2.43%. Kilroy Realty’s dividend payout ratio (DPR) is presently 52.30%.

In other news, CFO Tyler H. Rose sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $72.57, for a total value of $1,451,400.00. Following the transaction, the chief financial officer now owns 125,132 shares in the company, valued at $9,080,829.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Heidi Rena Roth sold 5,440 shares of Kilroy Realty stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $74.95, for a total value of $407,728.00. Following the transaction, the insider now owns 38,850 shares in the company, valued at approximately $2,911,807.50. The disclosure for this sale can be found here. In the last 90 days, insiders sold 55,956 shares of company stock worth $4,095,340. Company insiders own 2.22% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc lifted its position in Kilroy Realty by 3.7% during the third quarter. Vanguard Group Inc now owns 14,721,499 shares of the real estate investment trust’s stock worth $1,055,385,000 after buying an additional 522,383 shares in the last quarter. BlackRock Inc. lifted its position in Kilroy Realty by 1.4% during the fourth quarter. BlackRock Inc. now owns 12,203,745 shares of the real estate investment trust’s stock worth $767,371,000 after buying an additional 162,599 shares in the last quarter. Cohen & Steers Inc. lifted its position in Kilroy Realty by 2.8% during the fourth quarter. Cohen & Steers Inc. now owns 10,927,244 shares of the real estate investment trust’s stock worth $687,105,000 after buying an additional 293,246 shares in the last quarter. Norges Bank purchased a new position in Kilroy Realty during the fourth quarter worth approximately $377,416,000. Finally, PGGM Investments lifted its position in Kilroy Realty by 31.8% during the fourth quarter. PGGM Investments now owns 4,082,000 shares of the real estate investment trust’s stock worth $256,676,000 after buying an additional 984,981 shares in the last quarter. Hedge funds and other institutional investors own 96.67% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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