Equities research analysts expect Kilroy Realty Co. (NYSE:KRC) to report earnings per share (EPS) of $0.90 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Kilroy Realty’s earnings. The highest EPS estimate is $0.92 and the lowest is $0.88. Kilroy Realty reported earnings of $0.81 per share during the same quarter last year, which would indicate a positive year over year growth rate of 11.1%. The company is scheduled to report its next earnings results after the market closes on Wednesday, April 25th.
According to Zacks, analysts expect that Kilroy Realty will report full-year earnings of $3.56 per share for the current fiscal year, with EPS estimates ranging from $3.51 to $3.61. For the next year, analysts anticipate that the firm will post earnings of $3.88 per share, with EPS estimates ranging from $3.67 to $4.03. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The business had revenue of $177.56 million for the quarter, compared to analyst estimates of $176.64 million. During the same quarter in the prior year, the business posted $0.87 EPS. Kilroy Realty’s revenue for the quarter was up 5.3% compared to the same quarter last year.
KRC has been the topic of a number of recent analyst reports. Robert W. Baird lowered shares of Kilroy Realty from an “outperform” rating to a “neutral” rating in a research note on Monday, January 8th. BMO Capital Markets restated a “buy” rating and set a $79.00 price target on shares of Kilroy Realty in a research note on Tuesday, January 9th. Zacks Investment Research lowered shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Royal Bank of Canada restated a “hold” rating and set a $75.00 price target on shares of Kilroy Realty in a research note on Friday, February 16th. Finally, Citigroup upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price target on the stock in a research note on Tuesday, February 27th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average target price of $76.30.
Shares of Kilroy Realty stock opened at $70.15 on Friday. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59. Kilroy Realty has a 12-month low of $62.91 and a 12-month high of $77.70. The company has a market cap of $6,873.96, a price-to-earnings ratio of 20.42, a P/E/G ratio of 2.78 and a beta of 0.67.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be issued a $0.425 dividend. This represents a $1.70 annualized dividend and a dividend yield of 2.42%. The ex-dividend date is Wednesday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is currently 50.00%.
Hedge funds have recently added to or reduced their stakes in the company. Ontario Teachers Pension Plan Board purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $546,000. Swiss National Bank boosted its holdings in shares of 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 valued at $12,512,000 after acquiring an additional 3,300 shares during the last quarter. Heitman Real Estate Securities LLC boosted its holdings in shares of 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 valued at $41,476,000 after acquiring an additional 101,933 shares during the last quarter. Land & Buildings Investment Management LLC purchased a new stake in shares of Kilroy Realty in the 4th quarter valued at $18,356,000. Finally, New Mexico Educational Retirement Board boosted its holdings in shares of 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 valued at $1,814,000 after acquiring an additional 10,694 shares during the last quarter. 97.80% of the stock is currently owned by institutional investors and hedge funds.
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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.
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