Brokerages expect that Kilroy Realty Corp (NYSE:KRC) will post earnings of $0.87 per share for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $0.90 and the lowest estimate coming in at $0.83. Kilroy Realty also reported earnings of $0.87 per share during the same quarter last year. The company is scheduled to issue its next quarterly earnings report after the market closes on Wednesday, January 31st.
According to Zacks, analysts expect that Kilroy Realty will report full-year earnings of $3.52 per share for the current financial year, with EPS estimates ranging from $3.51 to $3.53. For the next year, analysts expect that the firm will report earnings of $3.72 per share, with EPS estimates ranging from $3.64 to $3.84. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that cover Kilroy Realty.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.19). Kilroy Realty had a net margin of 23.77% and a return on equity of 4.44%. The business had revenue of $181.50 million during the quarter, compared to the consensus estimate of $179.03 million. During the same quarter in the prior year, the firm posted $0.92 EPS. The company’s revenue for the quarter was up 7.8% compared to the same quarter last year.
KRC has been the subject of several recent research reports. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Tuesday, September 12th. Goldman Sachs Group initiated coverage on shares of Kilroy Realty in a report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price target for the company. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target on shares of Kilroy Realty in a report on Thursday, September 21st. Finally, JPMorgan Chase & Co. lowered shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a report on Friday, December 15th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $77.29.
Shares of Kilroy Realty (NYSE:KRC) opened at $72.17 on Wednesday. Kilroy Realty has a twelve month low of $67.00 and a twelve month high of $78.33. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.85 and a quick ratio of 1.85. The company has a market cap of $7,097.30, a PE ratio of 21.03, a PEG ratio of 2.69 and a beta of 0.79.
The firm also recently declared a quarterly dividend, which will be paid on Friday, January 12th. Stockholders of record on Friday, December 29th will be issued a $0.425 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.36%. Kilroy Realty’s dividend payout ratio is currently 111.84%.
Several hedge funds and other institutional investors have recently bought and sold shares of KRC. Bank of New York Mellon Corp raised its stake in shares of Kilroy Realty by 148.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,745,076 shares of the real estate investment trust’s stock worth $266,350,000 after acquiring an additional 2,235,377 shares in the last quarter. Long Pond Capital LP bought a new position in shares of Kilroy Realty during the 3rd quarter worth approximately $58,103,000. Principal Financial Group Inc. raised its stake in shares of Kilroy Realty by 17.8% during the 3rd quarter. Principal Financial Group Inc. now owns 3,996,409 shares of the real estate investment trust’s stock worth $284,224,000 after acquiring an additional 602,993 shares in the last quarter. Standard Life Investments LTD bought a new position in shares of Kilroy Realty during the 2nd quarter worth approximately $42,070,000. Finally, Prudential Financial Inc. raised its stake in shares of Kilroy Realty by 835.8% during the 3rd quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock worth $41,307,000 after acquiring an additional 518,739 shares in the last quarter. Hedge funds and other institutional investors own 97.71% of the company’s stock.
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About Kilroy Realty
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.
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