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.
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