Evercore ISI Boosts Kilroy Realty (NYSE:KRC) Price Target to $43.00

Key Points

• Evercore ISI has raised its price target for Kilroy Realty from $35.00 to $43.00, indicating a potential upside of 12.86% from its current price.
• The consensus rating for Kilroy Realty is currently a "Hold" with an average price target of $37.91, despite mixed ratings from various analysts.
• Kilroy Realty reported a quarterly earnings per share (EPS) of $1.13, surpassing the analyst expectation of $1.01, contributing to a revenue of $289.89 million for the quarter.

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target raised by stock analysts at Evercore ISI from $35.00 to $43.00 in a note issued to investors on Wednesday,Benzinga reports. The firm 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 17.68% from the company's previous close.

Several other research firms also recently commented on KRC. Wells Fargo & Company dropped their price objective on shares of Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating on the stock in a report on Monday, May 19th. BMO Capital Markets downgraded shares of Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price target on the stock. in a report on Wednesday, July 16th. Scotiabank lowered their target price on shares of Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating on the stock in a research note on Monday, July 14th. Mizuho lowered their target price on shares of Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating on the stock in a research note on Wednesday, July 2nd. Two research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Kilroy Realty has an average rating of "Hold" and an average target price of $37.91.

Kilroy Realty Stock Performance

KRC traded down $0.32 during trading on Wednesday, hitting $36.54. 2,209,149 shares of the company traded hands, compared to its average volume of 2,045,107. The firm has a market cap of $4.32 billion, a P/E ratio of 19.86 and a beta of 1.22. The stock's fifty day moving average is $35.32 and its 200 day moving average is $34.26. The company has a quick ratio of 2.35, a current ratio of 2.35 and a debt-to-equity ratio of 0.82. Kilroy Realty has a one year low of $27.07 and a one year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings results on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, beating the consensus estimate of $1.01 by $0.12. The company had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The firm's revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.10 earnings per share. As a group, equities analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas lifted its position in Kilroy Realty by 4.1% during the second quarter. Teacher Retirement System of Texas now owns 17,058 shares of the real estate investment trust's stock valued at $585,000 after buying an additional 668 shares during the period. Y Intercept Hong Kong Ltd purchased a new position in Kilroy Realty during the second quarter valued at $1,309,000. Envestnet Asset Management Inc. lifted its position in Kilroy Realty by 45.6% during the second quarter. Envestnet Asset Management Inc. now owns 63,208 shares of the real estate investment trust's stock valued at $2,169,000 after buying an additional 19,807 shares during the period. Oppenheimer Asset Management Inc. lifted its position in Kilroy Realty by 78.4% during the second quarter. Oppenheimer Asset Management Inc. now owns 13,644 shares of the real estate investment trust's stock valued at $468,000 after buying an additional 5,995 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in Kilroy Realty by 0.9% during the second quarter. Sumitomo Mitsui Trust Group Inc. now owns 181,434 shares of the real estate investment trust's stock valued at $6,225,000 after buying an additional 1,618 shares during the period. Hedge funds and other institutional investors 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.