Stock analysts at Goldman Sachs Group began coverage on shares of Kilroy Realty (NYSE:KRC) in a research note issued on Friday, MarketBeat reports. The brokerage set a “buy” rating and a $94.00 price target on the real estate investment trust’s stock. Goldman Sachs Group’s target price indicates a potential upside of 13.66% from the stock’s current price.
Several other research analysts also recently issued reports on the company. BTIG Research set a $89.00 price objective on Kilroy Realty and gave the company a “buy” rating in a research note on Friday, October 18th. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a report on Thursday, August 1st. Robert W. Baird set a $91.00 target price on Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. BMO Capital Markets reiterated a “buy” rating and issued a $84.00 target price on shares of Kilroy Realty in a report on Thursday, October 24th. Finally, Zacks Investment Research upgraded Kilroy Realty from a “hold” rating to a “buy” rating and set a $87.00 target price on the stock in a report on Wednesday, October 16th. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $86.00.
Shares of Kilroy Realty stock traded up $0.11 on Friday, hitting $82.70. The stock had a trading volume of 466,182 shares, compared to its average volume of 523,483. The stock has a 50 day moving average of $79.58 and a 200 day moving average of $77.47. Kilroy Realty has a twelve month low of $59.05 and a twelve month high of $84.77. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.49 and a current ratio of 1.49. The firm has a market capitalization of $8.81 billion, a P/E ratio of 23.76, a PEG ratio of 2.90 and a beta of 0.75.
In other Kilroy Realty news, CFO Tyler H. Rose sold 5,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of $84.41, for a total transaction of $422,050.00. Following the transaction, the chief financial officer now directly owns 121,508 shares in the company, valued at approximately $10,256,490.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO John B. Kilroy, Jr. sold 14,780 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,071,143 shares in the company, valued at $90,318,777.76. The disclosure for this sale can be found here. Insiders sold 19,905 shares of company stock worth $1,678,018 over the last quarter. 2.26% of the stock is currently owned by company insiders.
Several institutional investors have recently bought and sold shares of KRC. CAPROCK Group Inc. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $205,000. Bailard Inc. bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $214,000. BB&T Securities LLC boosted its holdings in shares of Kilroy Realty by 11.8% during the 2nd quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock worth $220,000 after buying an additional 316 shares in the last quarter. Natixis boosted its holdings in shares of Kilroy Realty by 16.2% during the 2nd quarter. Natixis now owns 3,346 shares of the real estate investment trust’s stock worth $247,000 after buying an additional 466 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its holdings in shares of Kilroy Realty by 172.5% during the 2nd quarter. Panagora Asset Management Inc. now owns 3,523 shares of the real estate investment trust’s stock worth $260,000 after buying an additional 2,230 shares in the last quarter. Hedge funds and other institutional investors own 96.31% of the company’s stock.
About Kilroy Realty
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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