Kilroy Realty Corp. (KRC) Stock Rating Lowered by Evercore ISI
Kilroy Realty Corp. (NYSE:KRC) was downgraded by equities research analysts at Evercore ISI from a “buy” rating to a “hold” rating in a report released on Monday. They presently have a $76.00 price objective on the real estate investment trust’s stock, down from their prior price objective of $77.00. Evercore ISI’s target price indicates a potential upside of 3.19% from the company’s previous close.
Several other equities research analysts also recently weighed in on KRC. Zacks Investment Research raised shares of Kilroy Realty Corp. from a “hold” rating to a “buy” rating and set a $79.00 price target for the company in a research report on Wednesday, November 16th. Bank of America Corp. raised shares of Kilroy Realty Corp. from a “neutral” rating to a “buy” rating and set a $81.00 price target for the company in a research report on Friday, October 14th. Stifel Nicolaus raised their price target on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the company a “buy” rating in a research report on Thursday, September 1st. BTIG Research assumed coverage on shares of Kilroy Realty Corp. in a report on Thursday, August 25th. They issued a “buy” rating and a $80.00 target price on the stock. Finally, Robert W. Baird restated an “outperform” rating and issued a $78.00 target price on shares of Kilroy Realty Corp. in a report on Friday, August 26th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Kilroy Realty Corp. presently has an average rating of “Buy” and a consensus price target of $76.50.
Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 73.65 on Monday. Kilroy Realty Corp. has a one year low of $46.76 and a one year high of $74.45. The firm’s 50-day moving average is $70.48 and its 200-day moving average is $68.48. The company has a market cap of $6.79 billion, a PE ratio of 24.95 and a beta of 0.82.
Kilroy Realty Corp. (NYSE:KRC) last announced its earnings results on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.87 by $0.05. Kilroy Realty Corp. had a net margin of 46.62% and a return on equity of 8.94%. The business earned $168.30 million during the quarter, compared to the consensus estimate of $144.06 million. During the same quarter last year, the firm earned $0.77 earnings per share. The business’s revenue for the quarter was up 18.9% on a year-over-year basis. On average, equities analysts anticipate that Kilroy Realty Corp. will post $3.45 EPS for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the company. Amica Retiree Medical Trust boosted its position in shares of Kilroy Realty Corp. by 91.8% in the third quarter. Amica Retiree Medical Trust now owns 1,630 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 780 shares in the last quarter. Solaris Asset Management LLC purchased a new position in Kilroy Realty Corp. during the third quarter worth $116,000. PNC Financial Services Group Inc. boosted its position in Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 371 shares during the period. CIBC Asset Management Inc purchased a new position in Kilroy Realty Corp. during the third quarter worth $201,000. Finally, Two Sigma Securities LLC purchased a new position in Kilroy Realty Corp. during the third quarter worth $205,000.
Kilroy Realty Corp. Company Profile
Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and greater Seattle.
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