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

Kilroy Realty (NYSE:KRC - Free Report) had its price target lowered by The Goldman Sachs Group from $48.00 to $42.00 in a report published on Thursday morning,Benzinga reports. The Goldman Sachs Group currently has a buy rating on the real estate investment trust's stock.

Several other equities research analysts have also recently weighed in on KRC. JPMorgan Chase & Co. raised Kilroy Realty from a "neutral" rating to an "overweight" rating and increased their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Jefferies Financial Group cut Kilroy Realty from a "buy" rating to a "hold" rating and reduced their price objective for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reissued a "neutral" rating and issued a $43.00 price objective (down from $45.00) on shares of Kilroy Realty in a research report on Tuesday, January 7th. Evercore ISI reduced their price objective on Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating for the company in a research report on Wednesday, February 12th. Finally, Scotiabank cut Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 price objective for the company. in a research report on Thursday, November 14th. One 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. According to data from MarketBeat, Kilroy Realty currently has an average rating of "Hold" and a consensus target price of $41.27.

Kilroy Realty Stock Performance

KRC stock traded down $0.77 during midday trading on Thursday, hitting $32.71. 2,199,815 shares of the company traded hands, compared to its average volume of 1,445,509. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The business has a 50 day simple moving average of $38.35 and a 200-day simple moving average of $38.37. The stock has a market capitalization of $3.86 billion, a price-to-earnings ratio of 18.48 and a beta of 1.02.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced 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%. As a group, equities research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Kilroy Realty Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 8th. Investors of record on Tuesday, December 31st were given a $0.54 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $2.16 annualized dividend and a yield of 6.60%. Kilroy Realty's dividend payout ratio (DPR) is currently 122.03%.

Insider Buying and Selling

In other Kilroy Realty news, insider Heidi Rena Roth sold 12,000 shares of Kilroy Realty stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now directly owns 50,211 shares of the company's stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 2.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. CWA Asset Management Group LLC bought a new position in shares of Kilroy Realty during the third quarter valued at $476,000. Vestcor Inc lifted its holdings in shares of Kilroy Realty by 289.0% during the third quarter. Vestcor Inc now owns 34,313 shares of the real estate investment trust's stock valued at $1,328,000 after acquiring an additional 25,492 shares during the period. International Assets Investment Management LLC lifted its holdings in shares of Kilroy Realty by 4,454.4% during the third quarter. International Assets Investment Management LLC now owns 13,390 shares of the real estate investment trust's stock valued at $518,000 after acquiring an additional 13,096 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kilroy Realty by 1.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,171,717 shares of the real estate investment trust's stock valued at $84,045,000 after acquiring an additional 27,660 shares during the period. Finally, GAMMA Investing LLC lifted its holdings in shares of Kilroy Realty by 25.4% during the fourth quarter. GAMMA Investing LLC now owns 1,848 shares of the real estate investment trust's stock valued at $75,000 after acquiring an additional 374 shares during the period. 94.22% of the stock is owned by institutional investors.

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.