Kilroy Realty (NYSE:KRC) Price Target Raised to $40.00

Kilroy Realty (NYSE:KRC - Get Free Report) had its price target raised by stock analysts at Evercore ISI from $38.00 to $40.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has an "in-line" rating on the real estate investment trust's stock. Evercore ISI's price target would indicate a potential upside of 5.37% from the stock's current price.

Several other research analysts have also commented on the company. Scotiabank cut their price target on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. KeyCorp decreased their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company lowered their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 11th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Kilroy Realty from $40.00 to $34.00 and set a "hold" rating for the company in a report on Thursday, May 30th. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, Kilroy Realty has a consensus rating of "Hold" and a consensus price target of $38.40.

Kilroy Realty Stock Up 3.7 %

Shares of NYSE:KRC traded up $1.37 during trading on Monday, hitting $37.96. 1,007,279 shares of the company were exchanged, compared to its average volume of 1,018,394. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The firm's 50 day moving average price is $34.79 and its 200-day moving average price is $34.14. The stock has a market capitalization of $4.46 billion, a P/E ratio of 21.17 and a beta of 1.04. Kilroy Realty has a 12-month low of $26.78 and a 12-month high of $43.37.

Kilroy Realty (NYSE:KRC - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. During the same quarter in the prior year, the company earned $1.19 EPS. The business's revenue was down 1.2% on a year-over-year basis. On average, research analysts predict that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kilroy Realty

A number of institutional investors have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in shares of Kilroy Realty in the second quarter valued at approximately $268,000. Quarry LP purchased a new stake in shares of Kilroy Realty during the 2nd quarter worth $55,000. Creative Planning grew its stake in shares of Kilroy Realty by 10.4% during the 2nd quarter. Creative Planning now owns 30,162 shares of the real estate investment trust's stock worth $940,000 after purchasing an additional 2,850 shares during the period. Waterfall Asset Management LLC acquired a new position in shares of Kilroy Realty during the 2nd quarter worth $1,309,000. Finally, Algert Global LLC increased its holdings in shares of Kilroy Realty by 13.8% in the 2nd quarter. Algert Global LLC now owns 92,602 shares of the real estate investment trust's stock valued at $2,886,000 after purchasing an additional 11,222 shares in the last quarter. 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.