Kilroy Realty (NYSE:KRC) Given New $41.00 Price Target at Evercore ISI

Kilroy Realty (NYSE:KRC) had its price target dropped by Evercore ISI from $43.00 to $41.00 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 suggest a potential upside of 14.59% from the company’s previous close.

Other equities analysts have also issued research reports about the stock. Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research report on Monday. Jefferies Financial Group downgraded Kilroy Realty from a “buy” rating to a “hold” rating and reduced their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Mizuho reaffirmed a “neutral” rating and set a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. upgraded Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $45.00 to $49.00 in a research note on Friday, December 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $41.20.

Kilroy Realty Stock Down 2.7 %

Shares of NYSE KRC opened at $35.78 on Wednesday. The stock has a market cap of $4.22 billion, a PE ratio of 21.42 and a beta of 1.02. Kilroy Realty has a 52-week low of $30.71 and a 52-week high of $43.78. The business has a 50-day moving average price of $39.30 and a 200 day moving average price of $38.47. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 EPS for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. Equities research analysts forecast that Kilroy Realty will post 4.41 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were 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 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 filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.49% of the company’s stock.

Institutional Trading of Kilroy Realty

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new stake in Kilroy Realty during the third quarter worth approximately $34,000. GAMMA Investing LLC increased its holdings in 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 valued at $57,000 after buying an additional 371 shares during the period. Fifth Third Bancorp lifted its holdings in shares of Kilroy Realty by 31.7% during the 4th quarter. Fifth Third Bancorp now owns 2,523 shares of the real estate investment trust’s stock worth $102,000 after acquiring an additional 607 shares during the period. Versant Capital Management Inc increased its stake in Kilroy Realty by 14.8% in the fourth quarter. Versant Capital Management Inc now owns 2,601 shares of the real estate investment trust’s stock valued at $105,000 after acquiring an additional 336 shares during the last quarter. Finally, Venturi Wealth Management LLC lifted its stake in Kilroy Realty by 113.6% during the third quarter. Venturi Wealth Management LLC now owns 2,912 shares of the real estate investment trust’s stock worth $113,000 after purchasing an additional 1,549 shares during the last quarter. 94.22% of the stock is owned by 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.