Evercore ISI Issues Positive Forecast for Kilroy Realty (NYSE:KRC) Stock Price

Key Points

• Evercore ISI has raised Kilroy Realty's price target from $42.00 to $46.00, indicating a potential upside of 7.76% based on the current stock price.
• The company reported $1.13 earnings per share (EPS) for the last quarter, exceeding expectations of $1.01, with quarterly revenue growing 3.3% year-over-year.
• Institutional investors and hedge funds own 94.22% of Kilroy Realty's stock, reflecting strong confidence in the company's performance.

Kilroy Realty (NYSE:KRC - Get Free Report) had its price objective hoisted by investment analysts at Evercore ISI from $42.00 to $46.00 in a research report issued on Monday,Benzinga reports. The brokerage currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price objective would indicate a potential upside of 6.46% from the stock's current price.

KRC has been the topic of a number of other reports. Barclays restated an "equal weight" rating and issued a $43.00 price target on shares of Kilroy Realty in a research note on Thursday, September 4th. Royal Bank Of Canada lifted their target price on Kilroy Realty from $39.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Thursday, August 7th. Mizuho cut their target price on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, July 14th. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price on the stock. in a research report on Wednesday, July 16th. Finally, Wells Fargo & Company lifted their target price on Kilroy Realty from $33.00 to $40.00 and gave the stock an "equal weight" rating in a research report on Wednesday, August 27th. Two research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and three have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Reduce" and a consensus price target of $38.82.

Kilroy Realty Price Performance

Shares of NYSE:KRC traded up $0.26 during midday trading on Monday, hitting $43.21. The company had a trading volume of 1,077,763 shares, compared to its average volume of 1,197,938. Kilroy Realty has a twelve month low of $27.07 and a twelve month high of $43.78. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.35. The stock has a market cap of $5.11 billion, a price-to-earnings ratio of 23.48 and a beta of 1.26. The business's 50-day simple moving average is $38.76 and its 200-day simple moving average is $34.99.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share for the quarter, topping 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 return on equity of 3.92% and a net margin of 19.29%.The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.10 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. On average, research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Insider Buying and Selling

In other news, CAO Merryl Elizabeth Werber sold 6,250 shares of the business's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.28, for a total transaction of $239,250.00. Following the sale, the chief accounting officer owned 26,435 shares of the company's stock, valued at $1,011,931.80. The trade was a 19.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Eliott Trencher sold 3,997 shares of Kilroy Realty stock in a transaction that occurred on Friday, August 8th. The stock was sold at an average price of $38.05, for a total value of $152,085.85. Following the transaction, the executive vice president owned 43,826 shares of the company's stock, valued at $1,667,579.30. This represents a 8.36% decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KRC. Norges Bank bought a new position in Kilroy Realty in the second quarter worth about $310,746,000. Rush Island Management LP bought a new position in Kilroy Realty in the fourth quarter worth about $109,502,000. Daiwa Securities Group Inc. lifted its holdings in Kilroy Realty by 168.6% in the second quarter. Daiwa Securities Group Inc. now owns 3,562,992 shares of the real estate investment trust's stock worth $122,246,000 after acquiring an additional 2,236,539 shares during the last quarter. Route One Investment Company L.P. bought a new position in Kilroy Realty in the second quarter worth about $34,341,000. Finally, Northern Trust Corp lifted its holdings in Kilroy Realty by 39.5% in the first quarter. Northern Trust Corp now owns 2,923,836 shares of the real estate investment trust's stock worth $95,785,000 after acquiring an additional 827,365 shares during the last quarter. 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.