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.
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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
