Kilroy Realty price target lowered to $38 from $41 at Scotiabank

Scotiabank lowered the firm’s price target on Kilroy Realty to $38 from $41 and keeps a Sector Perform rating on the shares. Following Q2 results, the firm is relatively mixed on the Real Estate & REITs sector, the analyst tells investors. U.S REIT’s relative valuation is now in-line with the S&P 500 following recent volatility while Senior Housing Operating fundamentals reinforced the strong same story net operating income growth story.