Wall Street brokerages expect Kilroy Realty Corp (NYSE:KRC) to report earnings of $0.90 per share for the current quarter, Zacks reports. Three analysts have issued estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $0.92 and the lowest estimate coming in at $0.88. Kilroy Realty reported earnings of $0.87 per share in the same quarter last year, which indicates a positive year over year growth rate of 3.4%. The company is expected to announce its next quarterly earnings report on Wednesday, July 25th.
According to Zacks, analysts expect that Kilroy Realty will report full year earnings of $3.58 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.62. For the next year, analysts forecast that the company will post earnings of $3.86 per share, with EPS estimates ranging from $3.68 to $4.03. Zacks’ EPS calculations are a mean average based on a survey of research analysts that cover Kilroy Realty.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Wednesday, April 25th. The real estate investment trust reported $0.36 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). The company had revenue of $182.80 million for the quarter, compared to analysts’ expectations of $178.02 million. Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. 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 business posted $0.81 EPS.
KRC has been the topic of several recent analyst reports. TheStreet upgraded Kilroy Realty from a “c+” rating to a “b-” rating in a report on Thursday, May 10th. Citigroup upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price on the stock in a research note on Tuesday, February 27th. They noted that the move was a valuation call. Stifel Nicolaus boosted their target price on Kilroy Realty from $77.00 to $78.00 and gave the company a “buy” rating in a research note on Tuesday, May 1st. BMO Capital Markets restated a “buy” rating and issued a $77.00 target price on shares of Kilroy Realty in a research note on Thursday, April 26th. Finally, Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, March 21st. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and four have given a buy rating to the stock. Kilroy Realty currently has an average rating of “Hold” and an average price target of $76.22.
Kilroy Realty opened at $75.03 on Friday, MarketBeat Ratings reports. Kilroy Realty has a fifty-two week low of $62.91 and a fifty-two week high of $77.73. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.44 and a quick ratio of 1.44. The company has a market cap of $7.52 billion, a P/E ratio of 22.07, a P/E/G ratio of 2.80 and a beta of 0.70.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 18th. Stockholders of record on Friday, June 29th will be paid a dividend of $0.455 per share. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.43%. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.43. Kilroy Realty’s dividend payout ratio is currently 50.00%.
In other news, CFO Tyler H. Rose sold 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 1st. The stock was sold at an average price of $71.86, for a total transaction of $1,077,900.00. Following the sale, the chief financial officer now owns 110,056 shares in the company, valued at approximately $7,908,624.16. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO Heidi Rena Roth sold 5,607 shares of the company’s stock in a transaction that occurred 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 sale, the chief accounting officer now owns 30,121 shares in the company, valued at approximately $2,244,014.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 62,207 shares of company stock worth $4,495,914. Company insiders own 2.22% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. Glassman Wealth Services increased its holdings in shares of Kilroy Realty by 75.5% during the 1st quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock worth $126,000 after acquiring an additional 762 shares during the last quarter. TLP Group LLC increased its holdings in shares of Kilroy Realty by 2,913.4% during the 1st quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 2,826 shares during the last quarter. MANA Advisors LLC acquired a new position in shares of Kilroy Realty during the 4th quarter worth approximately $219,000. Stifel Financial Corp acquired a new position in shares of Kilroy Realty during the 1st quarter worth approximately $221,000. Finally, Signition LP acquired a new position in shares of Kilroy Realty during the 1st quarter worth approximately $259,000. Institutional investors own 97.71% of the company’s stock.
About Kilroy Realty
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.