Goldman Sachs Group upgraded shares of Kilroy Realty (NYSE:KRC) from a neutral rating to a buy rating in a research report report published on Monday, MarketBeat.com reports. The firm currently has $81.00 target price on the real estate investment trust’s stock, up from their previous target price of $80.00.

Several other equities research analysts have also recently issued reports on the company. Wells Fargo & Co cut Kilroy Realty from an outperform rating to a market perform rating and decreased their price objective for the stock from $82.00 to $72.00 in a report on Tuesday, December 11th. Robert W. Baird upgraded Kilroy Realty from a neutral rating to an outperform rating and raised their price objective for the stock from $82.00 to $86.00 in a report on Friday, March 1st. Bank of America upgraded Kilroy Realty from a neutral rating to a buy rating and raised their price objective for the stock from $80.00 to $82.00 in a report on Tuesday, November 13th. ValuEngine upgraded Kilroy Realty from a hold rating to a buy rating in a report on Friday, February 8th. Finally, Zacks Investment Research cut Kilroy Realty from a hold rating to a sell rating in a report on Thursday, January 24th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Kilroy Realty has a consensus rating of Buy and a consensus price target of $79.86.

Shares of NYSE:KRC opened at $75.48 on Monday. The firm has a market cap of $7.55 billion, a price-to-earnings ratio of 21.69, a P/E/G ratio of 2.79 and a beta of 0.83. The company has a debt-to-equity ratio of 0.70, a quick ratio of 1.22 and a current ratio of 1.22. Kilroy Realty has a one year low of $59.05 and a one year high of $77.73.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.89 by ($0.11). Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business had revenue of $190.80 million for the quarter, compared to analyst estimates of $185.19 million. During the same quarter last year, the business earned $0.85 EPS. Kilroy Realty’s revenue for the quarter was up 7.5% compared to the same quarter last year. As a group, equities research analysts forecast that Kilroy Realty will post 3.69 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be issued a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is 52.30%.

In related news, COO Jeffrey C. Hawken sold 30,516 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $73.28, for a total value of $2,236,212.48. Following the transaction, the chief operating officer now directly owns 385,049 shares of the company’s stock, valued at approximately $28,216,390.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Heidi Rena Roth sold 5,440 shares of the stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.95, for a total value of $407,728.00. Following the completion of the transaction, the insider now directly owns 38,850 shares in the company, valued at $2,911,807.50. The disclosure for this sale can be found here. Insiders have sold 55,956 shares of company stock worth $4,095,340 in the last 90 days. Insiders own 2.22% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of KRC. Norges Bank purchased a new position in shares of Kilroy Realty in the 4th quarter worth $377,416,000. Oregon Public Employees Retirement Fund raised its position in shares of Kilroy Realty by 6,188.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 2,412,206 shares during the period. Zimmer Partners LP purchased a new position in shares of Kilroy Realty in the 3rd quarter worth $111,786,000. PGGM Investments raised its position in shares of Kilroy Realty by 31.8% in the 4th quarter. PGGM Investments now owns 4,082,000 shares of the real estate investment trust’s stock worth $256,676,000 after buying an additional 984,981 shares during the period. Finally, Vanguard Group Inc raised its position in shares of Kilroy Realty by 3.7% in the 3rd quarter. Vanguard Group Inc now owns 14,721,499 shares of the real estate investment trust’s stock worth $1,055,385,000 after buying an additional 522,383 shares during the period. 96.67% of the stock is currently owned by institutional investors and hedge funds.

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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