Kilroy Realty Co. (NYSE:KRC) Expected to Post Earnings of $1.11 Per Share

Equities research analysts expect Kilroy Realty Co. (NYSE:KRC – Get Rating) to post $1.11 earnings per share for the current quarter, according to Zacks. Two analysts have made estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.09. Kilroy Realty posted earnings of $0.88 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 26.1%. The business is scheduled to report its next earnings report on Monday, January 1st.

On average, analysts expect that Kilroy Realty will report full-year earnings of $4.49 per share for the current fiscal year, with EPS estimates ranging from $4.47 to $4.53. For the next year, analysts expect that the company will post earnings of $4.82 per share, with EPS estimates ranging from $4.77 to $4.88. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Kilroy Realty.

Kilroy Realty (NYSE:KRC – Get Rating) last released its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, topping the consensus estimate of $0.41 by $0.04. Kilroy Realty had a return on equity of 3.23% and a net margin of 18.65%. The business had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $257.03 million. During the same quarter in the previous year, the firm posted $0.98 earnings per share. The company’s revenue was up 12.7% compared to the same quarter last year.

Several analysts recently weighed in on the company. The Goldman Sachs Group raised Kilroy Realty from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $87.00 to $84.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their price objective on Kilroy Realty from $74.00 to $75.00 and gave the company a “hold” rating in a report on Thursday, April 14th. Zacks Investment Research lowered Kilroy Realty from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Bank of America raised Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their price objective for the company from $82.00 to $83.00 in a report on Friday, February 25th. Finally, StockNews.com began coverage on Kilroy Realty in a report on Thursday, March 31st. They issued a “hold” rating for the company. Three research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Kilroy Realty has a consensus rating of “Buy” and an average price target of $80.78.

In related news, EVP John Osmond sold 1,000 shares of the stock in a transaction that occurred on Thursday, May 12th. The stock was sold at an average price of $60.08, for a total value of $60,080.00. Following the completion of the transaction, the executive vice president now directly owns 11,749 shares of the company’s stock, valued at approximately $705,879.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider A. Robert Paratte sold 3,425 shares of the stock in a transaction that occurred on Wednesday, March 9th. The stock was sold at an average price of $73.28, for a total value of $250,984.00. The disclosure for this sale can be found here. 1.95% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Balyasny Asset Management LLC acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at $18,038,000. Neuberger Berman Group LLC lifted its position in shares of Kilroy Realty by 9.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 243,861 shares of the real estate investment trust’s stock valued at $16,143,000 after acquiring an additional 20,819 shares during the last quarter. American Century Companies Inc. lifted its position in shares of Kilroy Realty by 1.2% during the 4th quarter. American Century Companies Inc. now owns 383,235 shares of the real estate investment trust’s stock valued at $25,470,000 after acquiring an additional 4,537 shares during the last quarter. Long Pond Capital LP lifted its position in shares of Kilroy Realty by 5.5% during the 3rd quarter. Long Pond Capital LP now owns 681,383 shares of the real estate investment trust’s stock valued at $45,114,000 after acquiring an additional 35,442 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in Kilroy Realty by 35.0% during the 4th quarter. Van ECK Associates Corp now owns 66,141 shares of the real estate investment trust’s stock valued at $4,396,000 after purchasing an additional 17,165 shares during the period. Hedge funds and other institutional investors own 97.95% of the company’s stock.

Shares of NYSE:KRC traded up $1.31 during trading on Friday, hitting $61.96. The company’s stock had a trading volume of 546,357 shares, compared to its average volume of 804,621. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.98 and a current ratio of 1.98. The company has a market capitalization of $7.23 billion, a PE ratio of 39.97, a PEG ratio of 1.76 and a beta of 0.75. Kilroy Realty has a fifty-two week low of $56.94 and a fifty-two week high of $79.06. The stock’s 50-day moving average price is $69.91 and its two-hundred day moving average price is $69.10.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 13th. Stockholders of record on Thursday, June 30th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, June 29th. Kilroy Realty’s dividend payout ratio (DPR) is presently 134.19%.

Kilroy Realty Company Profile (Get Rating)

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

See Also

Get a free copy of the Zacks research report on Kilroy Realty (KRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kilroy Realty (NYSE:KRC)

Receive News & Ratings for Kilroy Realty Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Kilroy Realty and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Articles

Stay Connected

22,912FansLike
3,360FollowersFollow
0SubscribersSubscribe
- Advertisement -

Latest Articles