Kilroy Realty (NYSE:KRC) Price Target Lowered to $42.00 at The Goldman Sachs Group

Kilroy Realty (NYSE:KRC) had its price objective decreased by The Goldman Sachs Group from $48.00 to $42.00 in a research report issued on Thursday,Benzinga reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s target price indicates a potential upside of 22.91% from the stock’s current price.

Other equities analysts also recently issued research reports about the stock. Evercore ISI cut their price target on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a report on Wednesday, February 12th. Barclays reduced their price target on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Scotiabank downgraded Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Finally, Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and lowered their target price for the company from $45.00 to $41.00 in a report on Thursday, January 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Kilroy Realty currently has a consensus rating of “Hold” and an average target price of $41.27.

Kilroy Realty Price Performance

Shares of NYSE:KRC opened at $34.17 on Thursday. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a 50-day moving average price of $38.50 and a 200 day moving average price of $38.40. The company has a market cap of $4.04 billion, a P/E ratio of 19.31 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 (NYSE:KRC) last posted its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 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%. Research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares in the company, valued at approximately $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 2.49% of the stock is owned by company insiders.

Institutional Trading of Kilroy Realty

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. 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 shares of Kilroy Realty by 51.1% during 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 last quarter. Sapience Investments LLC raised its position in shares of Kilroy Realty by 20.0% in 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 period. Rush Island Management LP acquired a new position in Kilroy Realty in the fourth quarter valued at $109,502,000. Finally, Resolution Capital Ltd grew its position in Kilroy Realty by 12.6% during the fourth quarter. Resolution Capital Ltd now owns 4,487,655 shares of the real estate investment trust’s stock valued at $181,526,000 after acquiring an additional 500,635 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.