RBC Capital downgraded Kilroy Realty to Sector Perform from Outperform with a price target of $39, down from $44. There is upside in the shares given current public market valuations, but it is difficult to identify near-term catalysts that will help close the gap, the analyst tells investors in a research note. RBC adds that while Kilroy Realty maintains a high quality office portfolio that should successfully navigate the current market uncertainty, the REIT is not immune to the broader market weakness.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on KRC:
- Kilroy Realty Announces New Financial Agreements and Disclosure
- Kilroy Realty price target lowered to $45 from $47 at KeyBanc
- A New Cause for Concern: Kilroy Realty Adds a New Environmental / Social Risk
- Kilroy Realty Releases Earnings and Supplemental Information
- Kilroy Realty sees FY24 NAREIT FFO $4.10-$4.25, consensus $4.32