RBC Capital raised the firm’s price target on Kilroy Realty to $44 from $40 and keeps an Outperform rating on the shares. The company is making good progress re-stabilizing its operating trends driven by improved leasing activity particularly in the in-place portfolio, though the firm is reducing its FY24 FFO view by 7c to $4.30 to reflect a few in-process development projects rolling off capitalization along with a slightly more conservative lease-up at Kilroy Oyster Point, the analyst tells investors in a research note.
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 the top stocks recommended by analysts >>
Read More on KRC:
- Wolfe downgrades Kilroy Realty on medium term development risk
- Wolfe downgrades Kilroy on medium term development risk
- Kilroy Realty just downgraded at Wolfe Research, here’s why
- Kilroy Realty downgraded to Peer Perform from Outperform at Wolfe Research
- Brixmor CFO Angela Aman to step down, Steven Gallagher named interim CFO