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.
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