Kilroy Realty Corp (NYSE:KRC) – Equities researchers at KeyCorp boosted their FY2018 earnings per share estimates for Kilroy Realty in a research report issued on Tuesday, Zacks Investment Research reports. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will earn $3.70 per share for the year, up from their previous forecast of $3.65. KeyCorp also issued estimates for Kilroy Realty’s FY2019 earnings at $4.02 EPS.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Zacks’ 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 company 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 business earned $0.92 earnings per share. The firm’s revenue for the quarter was up 7.8% compared to the same quarter last year.
KRC has been the subject of several other reports. Zacks Investment Research downgraded Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. JPMorgan Chase & Co. downgraded Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price target for the company. in a research note on Friday, December 15th. Stifel Nicolaus restated a “buy” rating and issued a $77.00 price target on shares of Kilroy Realty in a research note on Thursday, September 21st. Robert W. Baird downgraded Kilroy Realty from an “outperform” rating to a “neutral” rating in a research note on Monday, January 8th. Finally, Goldman Sachs Group initiated coverage on Kilroy Realty in a report on Tuesday, September 19th. They issued a “neutral” rating and a $70.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $76.86.
Kilroy Realty (NYSE:KRC) opened at $71.55 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.85 and a current ratio of 1.85. Kilroy Realty has a one year low of $67.00 and a one year high of $78.33. The company has a market capitalization of $7,063.85, a P/E ratio of 47.07, a PEG ratio of 2.70 and a beta of 0.79.
Several institutional investors have recently bought and sold shares of KRC. Schwab Charles Investment Management Inc. raised its holdings in shares of Kilroy Realty by 11.1% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 855,035 shares of the real estate investment trust’s stock worth $64,256,000 after buying an additional 85,633 shares in the last quarter. Advisors Asset Management Inc. raised its holdings in shares of Kilroy Realty by 5.5% during the 2nd quarter. Advisors Asset Management Inc. now owns 10,530 shares of the real estate investment trust’s stock worth $791,000 after buying an additional 553 shares in the last quarter. State of Wisconsin Investment Board raised its holdings in shares of Kilroy Realty by 0.4% during the 2nd quarter. State of Wisconsin Investment Board now owns 19,263 shares of the real estate investment trust’s stock worth $1,448,000 after buying an additional 70 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Kilroy Realty by 74.7% during the 2nd quarter. SG Americas Securities LLC now owns 30,601 shares of the real estate investment trust’s stock worth $2,300,000 after buying an additional 13,087 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in shares of Kilroy Realty by 1.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,509,699 shares of the real estate investment trust’s stock worth $113,454,000 after buying an additional 21,829 shares in the last quarter. 97.71% of the stock is owned by institutional investors.
The firm also recently declared a quarterly dividend, which was paid on Friday, January 12th. Stockholders of record on Friday, December 29th were issued a dividend of $0.425 per share. The ex-dividend date was Thursday, December 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.38%. Kilroy Realty’s dividend payout ratio (DPR) is currently 111.84%.
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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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