Evercore ISI Group Lowers Price Target for Kilroy Realty to $42.00

Evercore ISI Group analyst Steve Sakwa has maintained his "In-Line" rating for Kilroy Realty (KRC) while lowering the price target from $43.00 to $42.00. RBC Capital's Michael Carroll previously maintained a "Sector Perform" rating with a price target of $40.00. KRC is a real estate investment trust with approximately 17 million square feet of office space across several cities. The average target price for KRC is $37.00 with a high estimate of $43.00 and a low estimate of $33.00, indicating a downside of 3.72% from the current price of $38.43.

Evercore ISI Group analyst Steve Sakwa has maintained his "In-Line" rating for Kilroy Realty (KRC) while lowering the price target from $43.00 to $42.00. This update comes as RBC Capital's Michael Carroll previously maintained a "Sector Perform" rating with a price target of $40.00. KRC is a real estate investment trust (REIT) with approximately 17 million square feet of office space across several cities.

The average target price for KRC stands at $37.00, with a high estimate of $43.00 and a low estimate of $33.00. This indicates a downside of 3.72% from the current price of $38.43. The update from Evercore ISI reflects a more cautious outlook on the REIT's valuation, potentially influenced by market conditions or specific sector dynamics.

The change in price target and rating comes amid a broader shift in investor sentiment towards REITs. While the sector has shown resilience, the recent economic uncertainties and changes in work-from-home policies have led to varied expectations among analysts.

Investors should closely monitor KRC's earnings reports and any updates from Evercore ISI or other major analysts to gauge the potential impact on the stock's performance. The latest data suggests a cautious approach, but the company's strong portfolio and diversified revenue streams could provide resilience in the long run.

References:
[1] https://www.marketbeat.com/ratings/by-issuer/evercore-isi-stock-recommendations/