Kilroy Realty (NYSE:KRC) Now Covered by Analysts at Goldman Sachs Group

Goldman Sachs Group started coverage on shares of Kilroy Realty (NYSE:KRC) in a research report released on Friday, November 8th, Benzinga’s Daily Ratings Newsletter reports. The brokerage issued a buy rating and a $94.00 price target on the real estate investment trust’s stock.

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Other research analysts have also issued reports about the stock. ValuEngine lowered shares of Kilroy Realty from a buy rating to a hold rating in a report on Thursday, August 1st. Zacks Investment Research raised shares of Kilroy Realty from a hold rating to a buy rating and set a $87.00 target price for the company in a report on Wednesday, October 16th. BTIG Research set a $89.00 target price on shares of Kilroy Realty and gave the company a buy rating in a report on Friday, October 18th. Stifel Nicolaus set a $89.00 price objective on shares of Kilroy Realty and gave the stock a buy rating in a research note on Friday, October 25th. Finally, Robert W. Baird set a $91.00 price objective on shares of Kilroy Realty and gave the stock a buy rating in a research note on Wednesday, August 21st. Three analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has a consensus rating of Buy and a consensus price target of $80.44.

NYSE KRC traded down $0.13 on Friday, reaching $82.85. 220,549 shares of the stock were exchanged, compared to its average volume of 502,166. The firm has a market capitalization of $8.80 billion, a PE ratio of 23.81, a PEG ratio of 2.89 and a beta of 0.75. The company has a current ratio of 1.49, a quick ratio of 1.49 and a debt-to-equity ratio of 0.73. Kilroy Realty has a one year low of $59.05 and a one year high of $84.77. The company’s 50-day simple moving average is $80.10 and its two-hundred day simple moving average is $77.66.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 23rd. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.93 by ($0.52). Kilroy Realty had a net margin of 35.04% and a return on equity of 6.62%. The company had revenue of $215.53 million for the quarter, compared to the consensus estimate of $205.99 million. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Sell-side analysts forecast that Kilroy Realty will post 3.86 earnings per share for the current fiscal year.

In related news, CEO John B. Kilroy, Jr. sold 14,780 shares of Kilroy Realty stock in a transaction dated Monday, November 4th. The stock was sold at an average price of $84.32, for a total value of $1,246,249.60. Following the completion of the sale, the chief executive officer now directly owns 1,071,143 shares in the company, valued at $90,318,777.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Tyler H. Rose sold 5,000 shares of Kilroy Realty stock in a transaction dated Monday, November 4th. The shares were sold at an average price of $84.41, for a total value of $422,050.00. Following the completion of the sale, the chief financial officer now owns 121,508 shares of the company’s stock, valued at $10,256,490.28. The disclosure for this sale can be found here. Insiders have sold 19,905 shares of company stock valued at $1,678,018 over the last three months. Insiders own 2.26% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. CAPROCK Group Inc. bought a new position in Kilroy Realty in the second quarter worth about $205,000. Bailard Inc. bought a new position in Kilroy Realty in the second quarter worth about $214,000. BB&T Securities LLC raised its holdings in Kilroy Realty by 11.8% in the second quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock worth $220,000 after purchasing an additional 316 shares in the last quarter. Natixis raised its holdings in Kilroy Realty by 16.2% in the second quarter. Natixis now owns 3,346 shares of the real estate investment trust’s stock worth $247,000 after purchasing an additional 466 shares in the last quarter. Finally, Panagora Asset Management Inc. raised its holdings in Kilroy Realty by 172.5% in the second quarter. Panagora Asset Management Inc. now owns 3,523 shares of the real estate investment trust’s stock worth $260,000 after purchasing an additional 2,230 shares in the last quarter. Hedge funds and other institutional investors own 95.94% 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.

Further Reading: Bid-Ask Spread

Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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