Trade Report: Today, Kilroy Realty Corp. (KRC) Decreased to “Hold” at Evercore ISI

Today, Kilroy Realty Corp. (KRC) Decreased to “Hold” at Evercore ISI

Evercore ISI lowered shares of Kilroy Realty Corp. (NYSE:KRC) from a buy rating to a hold rating in a research note released on Monday morning. They currently have $76.00 target price on the real estate investment trust’s stock, down from their prior target price of $77.00.

A number of other analysts have also weighed in on the stock. Bank of America Corp. raised shares of Kilroy Realty Corp. from a neutral rating to a buy rating and set a $81.00 price objective for the company in a research note on Friday, October 14th. BTIG Research initiated coverage on shares of Kilroy Realty Corp. in a research note on Thursday, August 25th. They issued a buy rating and a $80.00 price objective for the company. Robert W. Baird reaffirmed an outperform rating and issued a $78.00 price objective on shares of Kilroy Realty Corp. in a research note on Friday, August 26th. Zacks Investment Research raised shares of Kilroy Realty Corp. from a hold rating to a buy rating and set a $79.00 price objective for the company in a research note on Wednesday, November 16th. Finally, Stifel Nicolaus upped their price objective on shares of Kilroy Realty Corp. from $75.00 to $80.00 and gave the stock a buy rating in a research note on Thursday, September 1st. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Buy and a consensus price target of $76.50.

Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 73.04 on Monday. The stock has a 50 day moving average of $70.48 and a 200-day moving average of $68.48. The company has a market capitalization of $6.74 billion, a price-to-earnings ratio of 24.74 and a beta of 0.82. Kilroy Realty Corp. has a 52 week low of $46.76 and a 52 week high of $74.17.

Kilroy Realty Corp. (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.92 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.87 by $0.05. Kilroy Realty Corp. had a net margin of 46.62% and a return on equity of 8.94%. The company earned $168.30 million during the quarter, compared to analyst estimates of $144.06 million. During the same period in the prior year, the firm earned $0.77 earnings per share. The firm’s revenue for the quarter was up 18.9% compared to the same quarter last year. On average, analysts anticipate that Kilroy Realty Corp. will post $3.45 EPS for the current year.

Institutional investors have recently modified their holdings of the company. Amica Retiree Medical Trust increased its position in shares of Kilroy Realty Corp. by 91.8% in the third quarter. Amica Retiree Medical Trust now owns 1,630 shares of the real estate investment trust’s stock valued at $113,000 after buying an additional 780 shares during the period. Solaris Asset Management LLC acquired a new position in shares of Kilroy Realty Corp. during the third quarter valued at $116,000. PNC Financial Services Group Inc. increased its position in shares of Kilroy Realty Corp. by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock valued at $184,000 after buying an additional 371 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Kilroy Realty Corp. during the third quarter valued at $201,000. Finally, Two Sigma Securities LLC acquired a new position in shares of Kilroy Realty Corp. during the third quarter valued at $205,000.

About Kilroy Realty Corp.

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