Evercore ISI Has Lowered Expectations for Kilroy Realty (NYSE:KRC) Stock Price

Kilroy Realty (NYSE:KRC) had its target price decreased by analysts at Evercore ISI from $43.00 to $41.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price target would suggest a potential upside of 15.80% from the company’s previous close.

Several other brokerages have also issued reports on KRC. Jefferies Financial Group lowered Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price target for the stock from $45.00 to $41.00 in a research note on Thursday, January 2nd. Barclays decreased their price objective on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and lifted their price objective for the stock from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a report on Monday. Finally, Mizuho reiterated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a report on Tuesday, January 7th. One analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $41.20.

Kilroy Realty Trading Up 1.1 %

Shares of KRC stock opened at $35.41 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The business has a 50-day moving average price of $39.10 and a two-hundred day moving average price of $38.44. Kilroy Realty has a 12-month low of $30.71 and a 12-month high of $43.78. The firm has a market cap of $4.18 billion, a P/E ratio of 21.20 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. Equities analysts anticipate that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Insider Activity at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the transaction, the insider now owns 50,211 shares in the company, valued at $2,122,921.08. The trade was a 19.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.49% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Assetmark Inc. grew its holdings in shares of Kilroy Realty by 1.0% during the 3rd quarter. Assetmark Inc. now owns 26,792 shares of the real estate investment trust’s stock worth $1,037,000 after acquiring an additional 274 shares during the period. State of Alaska Department of Revenue grew its holdings in shares of Kilroy Realty by 0.4% during the 4th quarter. State of Alaska Department of Revenue now owns 68,456 shares of the real estate investment trust’s stock worth $2,768,000 after acquiring an additional 276 shares during the period. Choreo LLC grew its holdings in shares of Kilroy Realty by 3.2% during the 4th quarter. Choreo LLC now owns 8,852 shares of the real estate investment trust’s stock worth $358,000 after acquiring an additional 278 shares during the period. M&T Bank Corp grew its holdings in shares of Kilroy Realty by 1.3% during the 4th quarter. M&T Bank Corp now owns 22,889 shares of the real estate investment trust’s stock worth $926,000 after acquiring an additional 293 shares during the period. Finally, US Bancorp DE grew its holdings in shares of Kilroy Realty by 3.4% during the 4th quarter. US Bancorp DE now owns 9,680 shares of the real estate investment trust’s stock worth $392,000 after acquiring an additional 317 shares during the period. Hedge funds and other institutional investors own 94.22% of the company’s stock.

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.