Kilroy Realty Corp (NYSE:KRC) – Equities researchers at KeyCorp reduced their FY2018 earnings estimates for shares of Kilroy Realty in a research report issued on Thursday, April 5th. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $3.57 for the year, down from their previous estimate of $3.66. KeyCorp also issued estimates for Kilroy Realty’s FY2019 earnings at $3.87 EPS.
Several other analysts have also recently commented on the stock. Citigroup upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 target price for the company in a research report on Tuesday, February 27th. They noted that the move was a valuation call. Royal Bank of Canada restated a “hold” rating and issued a $75.00 price objective on shares of Kilroy Realty in a research report on Friday, February 16th. Zacks Investment Research cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Thursday, February 15th. BMO Capital Markets restated a “buy” rating and issued a $79.00 price objective on shares of Kilroy Realty in a research report on Thursday, February 1st. Finally, Robert W. Baird cut shares of Kilroy Realty from an “outperform” rating to a “neutral” rating in a research report on Monday, January 8th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the stock. Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $76.30.
Shares of Kilroy Realty stock opened at $69.49 on Monday. The firm has a market cap of $6,860.12, a price-to-earnings ratio of 20.44, a price-to-earnings-growth ratio of 2.77 and a beta of 0.67. Kilroy Realty has a 52 week low of $62.91 and a 52 week high of $77.70. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.32 and a quick ratio of 1.32.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, meeting the consensus estimate of $0.85. The company had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The business’s revenue for the quarter was up 5.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.87 EPS.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ontario Teachers Pension Plan Board acquired a new position in Kilroy Realty in the 4th quarter worth $546,000. Swiss National Bank boosted its stake in Kilroy Realty by 2.0% in the 4th quarter. Swiss National Bank now owns 167,611 shares of the real estate investment trust’s stock worth $12,512,000 after purchasing an additional 3,300 shares during the period. New Mexico Educational Retirement Board boosted its stake in Kilroy Realty by 78.6% in the 4th quarter. New Mexico Educational Retirement Board now owns 24,300 shares of the real estate investment trust’s stock worth $1,814,000 after purchasing an additional 10,694 shares during the period. Heitman Real Estate Securities LLC boosted its stake in Kilroy Realty by 22.5% in the 4th quarter. Heitman Real Estate Securities LLC now owns 555,608 shares of the real estate investment trust’s stock worth $41,476,000 after purchasing an additional 101,933 shares during the period. Finally, Land & Buildings Investment Management LLC acquired a new position in Kilroy Realty in the 4th quarter worth $18,356,000. Institutional investors and hedge funds own 97.80% of the company’s stock.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Investors of record on Thursday, March 29th will be given a $0.425 dividend. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.45%. The ex-dividend date of this dividend is Wednesday, March 28th. Kilroy Realty’s dividend payout ratio is currently 50.00%.
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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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