Kilroy Realty (NYSE:KRC) Given New $40.00 Price Target at Evercore ISI

Kilroy Realty (NYSE:KRC) had its price objective boosted by Evercore ISI from $38.00 to $40.00 in a research report issued to clients and investors on Monday, Benzinga reports. The brokerage presently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price suggests a potential upside of 8.61% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on KRC. Deutsche Bank Aktiengesellschaft lowered their target price on Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research report on Tuesday, July 2nd. Wells Fargo & Company cut their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Wednesday, September 11th. Finally, Scotiabank decreased their price objective on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $38.40.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.24 during midday trading on Monday, hitting $36.83. The stock had a trading volume of 129,954 shares, compared to its average volume of 1,013,465. The company’s 50-day moving average price is $34.79 and its 200-day moving average price is $34.14. Kilroy Realty has a fifty-two week low of $26.78 and a fifty-two week high of $43.37. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The company has a market capitalization of $4.32 billion, a P/E ratio of 21.17 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The business had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same quarter in the previous year, the business posted $1.19 EPS. The company’s revenue for the quarter was down 1.2% on a year-over-year basis. As a group, equities research analysts predict that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

Several large investors have recently modified their holdings of KRC. Vanguard Group Inc. grew its holdings in Kilroy Realty by 0.5% in the fourth quarter. Vanguard Group Inc. now owns 16,997,240 shares of the real estate investment trust’s stock worth $677,170,000 after purchasing an additional 91,022 shares during the period. Norges Bank acquired a new stake in shares of Kilroy Realty in the 4th quarter valued at about $360,831,000. APG Asset Management US Inc. increased its position in Kilroy Realty by 5.0% in the 4th quarter. APG Asset Management US Inc. now owns 5,380,747 shares of the real estate investment trust’s stock valued at $214,369,000 after buying an additional 255,835 shares in the last quarter. Price T Rowe Associates Inc. MD raised its stake in Kilroy Realty by 18.2% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 3,162,748 shares of the real estate investment trust’s stock worth $115,220,000 after buying an additional 487,556 shares during the period. Finally, PGGM Investments boosted its holdings in Kilroy Realty by 85.0% in the second quarter. PGGM Investments now owns 3,015,046 shares of the real estate investment trust’s stock worth $93,979,000 after acquiring an additional 1,385,692 shares in the last quarter. Institutional investors and hedge funds 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.