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

Kilroy Realty (NYSE:KRC) had its target price dropped by investment analysts at Evercore ISI from $47.00 to $46.00 in a 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 price target would indicate a potential upside of 11.65% from the company’s previous close.

Several other research firms have also recently commented on KRC. Jefferies Financial Group upgraded shares of Kilroy Realty from a “hold” rating to a “buy” rating and raised their target price for the stock from $33.00 to $45.00 in a research note on Monday, October 13th. Scotiabank raised Kilroy Realty from a “sector underperform” rating to a “sector perform” rating and raised their price target for the company from $40.00 to $47.00 in a report on Wednesday, September 17th. Royal Bank Of Canada increased their price objective on Kilroy Realty from $39.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 7th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kilroy Realty in a report on Wednesday, October 8th. Finally, New Street Research set a $45.00 price target on shares of Kilroy Realty in a research note on Monday, October 13th. Two analysts have rated the stock with a Buy rating, nine have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $41.17.

Kilroy Realty Trading Down 1.1%

Shares of NYSE KRC traded down $0.45 during midday trading on Friday, reaching $41.20. 13,732 shares of the stock were exchanged, compared to its average volume of 1,478,237. Kilroy Realty has a twelve month low of $27.07 and a twelve month high of $45.03. The stock 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 50 day simple moving average of $42.15 and a 200 day simple moving average of $37.90. The company has a debt-to-equity ratio of 0.81, a quick ratio of 2.35 and a current ratio of 2.56.

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

Institutional Trading of Kilroy Realty

Large investors have recently modified their holdings of the business. American National Bank & Trust bought a new position in Kilroy Realty during the second quarter worth $25,000. Quaker Wealth Management LLC boosted its position in Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock valued at $26,000 after purchasing an additional 1,510 shares during the period. Westside Investment Management Inc. increased its position in Kilroy Realty by 100.0% in the third quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust’s stock worth $26,000 after buying an additional 309 shares during the period. Allworth Financial LP lifted its stake in Kilroy Realty by 192.1% in the first quarter. Allworth Financial LP now owns 964 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 634 shares during the last quarter. Finally, Harbor Asset Planning Inc. bought a new position in shares of Kilroy Realty during the second quarter worth about $34,000. 94.22% of the stock is currently 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.