Kilroy Realty (NYSE:KRC) Price Target Lowered to $41.00 at Evercore ISI

Kilroy Realty (NYSE:KRC) had its target price lowered by equities researchers at Evercore ISI from $43.00 to $41.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s price objective points to a potential upside of 14.59% from the company’s previous close.

A number of other research analysts also recently weighed in on the stock. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their target price for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a research report on Monday. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a research report on Thursday, November 14th. Jefferies Financial Group cut Kilroy Realty from a “buy” rating to a “hold” rating and lowered their price objective for the company from $45.00 to $41.00 in a research report on Thursday, January 2nd. Finally, Barclays dropped their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $41.20.

Kilroy Realty Stock Performance

KRC stock opened at $35.78 on Wednesday. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.89. The stock has a 50-day moving average price of $39.30 and a 200-day moving average price of $38.47. The firm has a market cap of $4.22 billion, a PE ratio of 21.42 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. As a group, equities research analysts expect that Kilroy Realty will post 4.41 earnings per share for the current year.

Insider Transactions at Kilroy Realty

In related news, insider Heidi Rena Roth sold 12,000 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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 $2,122,921.08. This represents a 19.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 2.49% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds have recently bought and sold shares of KRC. Victory Capital Management Inc. lifted its stake in Kilroy Realty by 585.2% in the 3rd quarter. Victory Capital Management Inc. now owns 830,311 shares of the real estate investment trust’s stock valued at $32,133,000 after buying an additional 709,126 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in Kilroy Realty by 428.5% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 850,975 shares of the real estate investment trust’s stock worth $32,933,000 after purchasing an additional 689,962 shares during the period. abrdn plc grew its position in Kilroy Realty by 1,592.3% during the fourth quarter. abrdn plc now owns 400,404 shares of the real estate investment trust’s stock valued at $16,216,000 after acquiring an additional 376,743 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Kilroy Realty by 4.7% during the 4th quarter. Principal Financial Group Inc. now owns 4,862,310 shares of the real estate investment trust’s stock worth $196,680,000 after purchasing an additional 218,163 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of Kilroy Realty by 12.9% in the fourth quarter. Prudential Financial Inc. now owns 1,645,915 shares of the real estate investment trust’s stock worth $63,862,000 after acquiring an additional 187,712 shares in the last quarter. 94.22% of the stock is owned by hedge funds and other 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.