$0.91 EPS Expected for Kilroy Realty Co. (KRC) This Quarter

Analysts forecast that Kilroy Realty Co. (NYSE:KRC) will announce $0.91 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Kilroy Realty’s earnings. The lowest EPS estimate is $0.88 and the highest is $0.93. Kilroy Realty posted earnings of $0.87 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 4.6%. The company is expected to issue its next earnings report on Wednesday, July 25th.

On average, analysts expect that Kilroy Realty will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.62. For the next fiscal year, analysts expect that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.68 to $4.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side analysts that that provide coverage for Kilroy Realty.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). The business had revenue of $182.80 million during the quarter, compared to analyst estimates of $178.02 million. Kilroy Realty had a net margin of 23.16% and a return on equity of 4.27%. The business’s revenue for the quarter was up 2.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.81 earnings per share.

Several equities research analysts recently issued reports on KRC shares. BMO Capital Markets reissued a “buy” rating and set a $79.00 price target on shares of Kilroy Realty in a research report on Thursday, February 1st. Robert W. Baird set a $75.00 price target on Kilroy Realty and gave the company a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. Royal Bank of Canada reissued a “hold” rating and set a $75.00 price target on shares of Kilroy Realty in a research report on Friday, February 16th. Finally, Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research report on Tuesday, February 27th. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have given a buy rating to the company. Kilroy Realty presently has an average rating of “Hold” and a consensus price target of $76.40.

In other Kilroy Realty news, insider Justin William Smart sold 6,000 shares of the stock in a transaction on Friday, June 1st. The stock was sold at an average price of $73.65, for a total value of $441,900.00. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, CAO Heidi Rena Roth sold 5,607 shares of the stock in a transaction on Friday, May 11th. The stock was sold at an average price of $74.50, for a total value of $417,721.50. Following the completion of the sale, the chief accounting officer now directly owns 30,121 shares in the company, valued at $2,244,014.50. The disclosure for this sale can be found here. Insiders sold 71,363 shares of company stock worth $5,169,275 over the last ninety days. 2.22% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Xact Kapitalforvaltning AB increased its position in Kilroy Realty by 73.6% in the first quarter. Xact Kapitalforvaltning AB now owns 12,974 shares of the real estate investment trust’s stock worth $921,000 after buying an additional 5,500 shares during the period. Legal & General Group Plc increased its position in Kilroy Realty by 15.5% in the first quarter. Legal & General Group Plc now owns 408,505 shares of the real estate investment trust’s stock worth $28,988,000 after buying an additional 54,946 shares during the period. Brookfield Asset Management Inc. increased its position in Kilroy Realty by 70.3% in the first quarter. Brookfield Asset Management Inc. now owns 2,283,248 shares of the real estate investment trust’s stock worth $162,019,000 after buying an additional 942,200 shares during the period. V3 Capital Management L.P. acquired a new stake in Kilroy Realty in the first quarter worth $10,644,000. Finally, TLP Group LLC increased its position in Kilroy Realty by 2,913.4% in the first quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after buying an additional 2,826 shares during the period. 97.80% of the stock is currently owned by hedge funds and other institutional investors.

KRC stock opened at $71.91 on Friday. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. The company has a market cap of $7.12 billion, a P/E ratio of 21.15, a PEG ratio of 2.69 and a beta of 0.66. Kilroy Realty has a 12-month low of $62.91 and a 12-month high of $77.70.

Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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.



Leave a Reply