Zacks: Brokerages Anticipate Kilroy Realty Corporation (KRC) Will Post Quarterly Sales of $180.60 Million

Equities analysts expect that Kilroy Realty Corporation (NYSE:KRC) will post $180.60 million in sales for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Kilroy Realty Corporation’s earnings, with estimates ranging from $178.71 million to $184.13 million. Kilroy Realty Corporation reported sales of $168.35 million in the same quarter last year, which indicates a positive year-over-year growth rate of 7.3%. The company is expected to issue its next earnings report after the market closes on Wednesday, October 25th.

According to Zacks, analysts expect that Kilroy Realty Corporation will report full year sales of $180.60 million for the current year, with estimates ranging from $718.30 million to $722.78 million. For the next year, analysts forecast that the firm will report sales of $753.61 million per share, with estimates ranging from $730.55 million to $790.22 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kilroy Realty Corporation.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS.

Several equities analysts have issued reports on KRC shares. BidaskClub upgraded Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Evercore ISI upgraded Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Monday, August 14th. Zacks Investment Research downgraded Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Bank of America Corporation downgraded Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $77.00 in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $77.50.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate Kilroy Realty Corporation (KRC) Will Post Quarterly Sales of $180.60 Million” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/zacks-brokerages-anticipate-kilroy-realty-corporation-krc-will-post-quarterly-sales-of-180-60-million.html.

Shares of Kilroy Realty Corporation (KRC) traded down 0.08% on Thursday, reaching $72.32. Kilroy Realty Corporation has a 12-month low of $66.53 and a 12-month high of $78.33. The stock’s 50-day moving average price is $69.51 and its 200-day moving average price is $71.97. The company has a market cap of $7.11 billion, a PE ratio of 52.56 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.35%. Kilroy Realty Corporation’s dividend payout ratio (DPR) is currently 122.30%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRC. BlackRock Inc. increased its stake in shares of Kilroy Realty Corporation by 4,354.2% in the 1st quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock valued at $803,452,000 after buying an additional 10,896,443 shares during the period. Morgan Stanley increased its stake in shares of Kilroy Realty Corporation by 617.2% in the 1st quarter. Morgan Stanley now owns 1,070,178 shares of the real estate investment trust’s stock valued at $77,138,000 after buying an additional 920,954 shares during the period. Vanguard Group Inc. increased its stake in shares of Kilroy Realty Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock valued at $1,076,904,000 after buying an additional 799,701 shares during the period. Standard Life Investments LTD acquired a new stake in shares of Kilroy Realty Corporation in the 2nd quarter valued at $42,070,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Kilroy Realty Corporation by 41.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,301,194 shares of the real estate investment trust’s stock valued at $97,785,000 after buying an additional 384,304 shares during the period. 99.83% of the stock is owned by institutional investors.

About Kilroy Realty Corporation

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

Get a free copy of the Zacks research report on Kilroy Realty Corpor

According to Zacks, analysts expect that Kilroy Realty Corporation will report full year sales of $180.60 million for the current year, with estimates ranging from $718.30 million to $722.78 million. For the next year, analysts forecast that the firm will report sales of $753.61 million per share, with estimates ranging from $730.55 million to $790.22 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that follow Kilroy Realty Corporation.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.01. The firm had revenue of $180.60 million during the quarter, compared to the consensus estimate of $178.63 million. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.86 EPS.

Several equities analysts have issued reports on KRC shares. BidaskClub upgraded Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Evercore ISI upgraded Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price objective for the company in a research report on Monday, August 14th. Zacks Investment Research downgraded Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Bank of America Corporation downgraded Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their price objective for the company from $80.00 to $77.00 in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $77.50.

COPYRIGHT VIOLATION WARNING: “Zacks: Brokerages Anticipate Kilroy Realty Corporation (KRC) Will Post Quarterly Sales of $180.60 Million” was originally posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this story on another publication, it was illegally copied and republished in violation of U.S. & international trademark and copyright legislation. The correct version of this story can be viewed at https://ledgergazette.com/2017/10/09/zacks-brokerages-anticipate-kilroy-realty-corporation-krc-will-post-quarterly-sales-of-180-60-million.html.

Shares of Kilroy Realty Corporation (KRC) traded down 0.08% on Thursday, reaching $72.32. Kilroy Realty Corporation has a 12-month low of $66.53 and a 12-month high of $78.33. The stock’s 50-day moving average price is $69.51 and its 200-day moving average price is $71.97. The company has a market cap of $7.11 billion, a PE ratio of 52.56 and a beta of 0.77.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Stockholders of record on Friday, September 29th will be paid a $0.425 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.35%. Kilroy Realty Corporation’s dividend payout ratio (DPR) is currently 122.30%.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in KRC. BlackRock Inc. increased its stake in shares of Kilroy Realty Corporation by 4,354.2% in the 1st quarter. BlackRock Inc. now owns 11,146,694 shares of the real estate investment trust’s stock valued at $803,452,000 after buying an additional 10,896,443 shares during the period. Morgan Stanley increased its stake in shares of Kilroy Realty Corporation by 617.2% in the 1st quarter. Morgan Stanley now owns 1,070,178 shares of the real estate investment trust’s stock valued at $77,138,000 after buying an additional 920,954 shares during the period. Vanguard Group Inc. increased its stake in shares of Kilroy Realty Corporation by 5.7% in the 1st quarter. Vanguard Group Inc. now owns 14,940,397 shares of the real estate investment trust’s stock valued at $1,076,904,000 after buying an additional 799,701 shares during the period. Standard Life Investments LTD acquired a new stake in shares of Kilroy Realty Corporation in the 2nd quarter valued at $42,070,000. Finally, Goldman Sachs Group Inc. increased its stake in shares of Kilroy Realty Corporation by 41.9% in the 2nd quarter. Goldman Sachs Group Inc. now owns 1,301,194 shares of the real estate investment trust’s stock valued at $97,785,000 after buying an additional 384,304 shares during the period. 99.83% of the stock is owned by institutional investors.

About Kilroy Realty Corporation

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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

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

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