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

Kilroy Realty (NYSE:KRC) had its price objective lowered by Evercore ISI from $43.00 to $41.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has an “in-line” rating on the real estate investment trust’s stock. Evercore ISI’s target price would suggest a potential upside of 15.80% from the stock’s current price.

Other equities analysts have also recently issued reports about the company. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research report on Monday. Barclays lowered their price objective on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a research report on Monday, February 3rd. 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. JPMorgan Chase & Co. raised Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $45.00 to $49.00 in a research report on Friday, December 20th. Finally, Scotiabank cut Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective on the stock. in a research report on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $41.20.

Kilroy Realty Stock Performance

Shares of KRC opened at $35.41 on Wednesday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89. The business’s 50 day moving average price is $39.10 and its 200-day moving average price is $38.44. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The stock has a market cap of $4.18 billion, a P/E ratio of 21.20 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, topping 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%. Equities research analysts anticipate that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the completion of the sale, the insider now directly owns 50,211 shares in the company, valued at $2,122,921.08. This represents a 19.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Insiders own 2.49% of the company’s stock.

Institutional Investors Weigh In On Kilroy Realty

Hedge funds and other institutional investors have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kilroy Realty in the 3rd quarter worth $34,000. Summit Securities Group LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter worth $49,000. GAMMA Investing LLC increased its stake in shares of Kilroy Realty by 33.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,474 shares of the real estate investment trust’s stock worth $57,000 after purchasing an additional 371 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Kilroy Realty by 31.7% in the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after purchasing an additional 607 shares in the last quarter. Finally, Versant Capital Management Inc increased its stake in shares of Kilroy Realty by 14.8% in the 4th quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock worth $105,000 after purchasing an additional 336 shares in the last quarter. 94.22% of the stock is currently 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.