Citigroup Cuts Kilroy Realty (NYSE:KRC) Price Target to $34.00

Kilroy Realty (NYSE:KRC) had its price objective lowered by stock analysts at Citigroup from $42.00 to $34.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the real estate investment trust’s stock. Citigroup’s price objective points to a potential upside of 12.15% from the stock’s current price.

KRC has been the subject of several other reports. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $44.00 target price (down from $46.00) on shares of Kilroy Realty in a report on Friday, October 17th. BMO Capital Markets restated a “market perform” rating on shares of Kilroy Realty in a research report on Wednesday, January 7th. KeyCorp reiterated a “sector weight” rating on shares of Kilroy Realty in a report on Thursday, December 4th. Weiss Ratings restated a “hold (c+)” rating on shares of Kilroy Realty in a report on Monday, December 29th. Finally, Wells Fargo & Company boosted their target price on Kilroy Realty from $40.00 to $41.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. One equities research analyst has rated the stock with a Buy rating, thirteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $40.43.

Kilroy Realty Price Performance

Shares of KRC traded down $1.90 during trading hours on Thursday, reaching $30.32. 1,518,341 shares of the stock traded hands, compared to its average volume of 1,985,012. The company’s 50-day moving average price is $37.48 and its two-hundred day moving average price is $39.85. Kilroy Realty has a 52-week low of $27.07 and a 52-week high of $45.03. The company has a market cap of $3.59 billion, a P/E ratio of 13.12 and a beta of 1.10. The company has a current ratio of 2.13, a quick ratio of 2.56 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings data on Monday, February 9th. The real estate investment trust reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.98 by ($0.88). Kilroy Realty had a return on equity of 4.91% and a net margin of 24.82%.The firm had revenue of $272.19 million for the quarter, compared to analysts’ expectations of $270.21 million. During the same period last year, the company earned $1.20 earnings per share. The firm’s revenue was down 5.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.250-3.450 EPS. On average, analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Institutional Investors Weigh In On Kilroy Realty

Several hedge funds have recently bought and sold shares of KRC. Campbell & CO Investment Adviser LLC raised its stake in shares of Kilroy Realty by 24.1% in the 4th quarter. Campbell & CO Investment Adviser LLC now owns 14,655 shares of the real estate investment trust’s stock valued at $548,000 after buying an additional 2,847 shares in the last quarter. Swiss National Bank lifted its position in Kilroy Realty by 1.7% during the 4th quarter. Swiss National Bank now owns 221,611 shares of the real estate investment trust’s stock valued at $8,282,000 after purchasing an additional 3,800 shares during the period. Picton Mahoney Asset Management acquired a new stake in Kilroy Realty during the 4th quarter worth $228,000. Illinois Municipal Retirement Fund increased its position in shares of Kilroy Realty by 3.5% in the 4th quarter. Illinois Municipal Retirement Fund now owns 20,441 shares of the real estate investment trust’s stock valued at $764,000 after buying an additional 685 shares in the last quarter. Finally, Metis Global Partners LLC raised its position in shares of Kilroy Realty by 7.3% during the fourth quarter. Metis Global Partners LLC now owns 25,747 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 1,746 shares during the period. 94.22% of the stock is owned by hedge funds and other institutional investors.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.