Kilroy Realty (NYSE:KRC) Given New $43.00 Price Target at Evercore ISI

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 hoisted by investment analysts at Evercore ISI from $35.00 to $43.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's target price would indicate a potential upside of 18.99% from the stock's current price.

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

Kilroy Realty Price Performance

Shares of NYSE:KRC traded down $0.72 during trading hours on Wednesday, hitting $36.14. 154,909 shares of the company's stock traded hands, compared to its average volume of 1,510,966. Kilroy Realty has a 52 week low of $27.07 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.07 and a current ratio of 2.35. The company's fifty day simple moving average is $35.22 and its two-hundred day simple moving average is $34.31. The company has a market cap of $4.27 billion, a price-to-earnings ratio of 19.63 and a beta of 1.19.

Kilroy Realty (NYSE:KRC - Get Free Report) last posted its quarterly earnings data 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. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company had revenue of $289.89 million during the quarter, compared to analyst estimates of $268.84 million. During the same quarter last year, the firm posted $1.10 EPS. The business's revenue for the quarter was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Kilroy Realty will post 4 EPS for the current fiscal year.

Institutional Trading of Kilroy Realty

Hedge funds have recently made changes to their positions in the stock. Cambridge Investment Research Advisors Inc. lifted its position in shares of Kilroy Realty by 23.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 6,205 shares of the real estate investment trust's stock worth $203,000 after purchasing an additional 1,168 shares in the last quarter. Asset Management One Co. Ltd. raised its position in Kilroy Realty by 1.7% during the first quarter. Asset Management One Co. Ltd. now owns 157,796 shares of the real estate investment trust's stock valued at $5,169,000 after acquiring an additional 2,586 shares in the last quarter. Pictet Asset Management Holding SA raised its position in Kilroy Realty by 4.8% during the fourth quarter. Pictet Asset Management Holding SA now owns 38,520 shares of the real estate investment trust's stock valued at $1,558,000 after acquiring an additional 1,747 shares in the last quarter. Fifth Third Bancorp raised its position in Kilroy Realty by 70.4% during the first quarter. Fifth Third Bancorp now owns 4,298 shares of the real estate investment trust's stock valued at $141,000 after acquiring an additional 1,775 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. bought a new position in Kilroy Realty during the first quarter valued at approximately $251,000. 94.22% of the stock is owned by hedge funds and other institutional investors.

About Kilroy Realty

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.