Evercore ISI lowered the firm’s price target on Kilroy Realty (KRC) to $33 from $39 and keeps an In Line rating on the shares. Office REITs have sharply underperformed year-to-date as AI disruption fears and higher rates have driven sector multiples to deep discounts, the analyst tells investors. The firm trimmed estimates for FY26 and FY27 FFO “slightly” ahead of Q1 reports from the group, the analyst tells investors in a preview.
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Read More on KRC:
- Kilroy Realty price target lowered to $37 from $42 at Scotiabank
- Kilroy Realty chair Edward Brennan switches role, Gary Stevenson succeeds
- Kilroy Realty Reshapes Board Leadership and Governance Structure
- Kilroy Realty price target lowered to $31 from $39 at Barclays
- Kilroy Realty downgraded to Underperform from Neutral at Mizuho