Evercore ISI Cuts Kilroy Realty (NYSE:KRC) Price Target to $46.00

Kilroy Realty (NYSE:KRC) had its price objective reduced by equities researchers at Evercore ISI from $47.00 to $46.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would indicate a potential upside of 11.65% from the company’s previous close.

Other analysts have also issued research reports about the company. Royal Bank Of Canada raised their target price on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a report on Thursday, August 7th. Scotiabank raised Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and lifted their target price for the company from $40.00 to $47.00 in a research note on Wednesday, September 17th. JPMorgan Chase & Co. restated a “neutral” rating and set a $44.00 target price (down from $46.00) on shares of Kilroy Realty in a research report on Friday, October 17th. Zacks Research raised Kilroy Realty to a “hold” rating in a research note on Friday, August 8th. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of Kilroy Realty in a report on Wednesday, October 8th. Two investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $41.17.

Kilroy Realty Trading Down 1.1%

NYSE KRC traded down $0.45 on Friday, hitting $41.20. 13,732 shares of the company were exchanged, compared to its average volume of 1,478,237. The company’s 50 day moving average price is $42.15 and its 200-day moving average price is $37.90. The firm has a market capitalization of $4.87 billion, a P/E ratio of 15.26 and a beta of 1.22. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.56 and a quick ratio of 2.35. Kilroy Realty has a twelve month low of $27.07 and a twelve month high of $45.03.

Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The company had revenue of $279.74 million during the quarter, compared to the consensus estimate of $271.24 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The company’s revenue was down 3.5% compared to the same quarter last year. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. Analysts predict that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Norges Bank bought a new stake in Kilroy Realty in the second quarter valued at approximately $310,746,000. State Street Corp boosted its position in shares of Kilroy Realty by 1.2% during the 2nd quarter. State Street Corp now owns 5,841,917 shares of the real estate investment trust’s stock worth $203,514,000 after purchasing an additional 67,546 shares in the last quarter. APG Asset Management US Inc. increased its holdings in shares of Kilroy Realty by 5.3% during the first quarter. APG Asset Management US Inc. now owns 4,611,122 shares of the real estate investment trust’s stock valued at $151,521,000 after acquiring an additional 230,236 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Kilroy Realty by 168.6% during the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust’s stock worth $122,246,000 after buying an additional 2,236,539 shares during the last quarter. Finally, T. Rowe Price Investment Management Inc. grew its holdings in shares of Kilroy Realty by 3.3% during the first quarter. T. Rowe Price Investment Management Inc. now owns 3,103,487 shares of the real estate investment trust’s stock valued at $101,671,000 after buying an additional 99,567 shares during the last quarter. 94.22% of the stock is owned by institutional investors and hedge funds.

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.