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

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.

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 Thomson Reuters’ 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 firm had revenue of $215.53 million during the quarter, compared to analyst estimates of $205.99 million. During the same period in the prior year, the company earned $0.90 EPS. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. Equities analysts expect that Kilroy Realty will post 3.86 earnings per share for the current year.

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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Analyst Recommendations for Kilroy Realty (NYSE:KRC)

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