Kilroy Realty (NYSE:KRC) released its quarterly earnings results on Wednesday. The real estate investment trust reported $0.36 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.54), Fidelity Earnings reports. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The business had revenue of $182.80 million during the quarter, compared to analyst estimates of $178.02 million. During the same quarter last year, the firm posted $0.81 EPS. The company’s revenue was up 2.0% compared to the same quarter last year. Kilroy Realty updated its FY18 guidance to $3.49-3.64 EPS.
Kilroy Realty stock traded up $2.16 during midday trading on Thursday, hitting $72.09. The stock had a trading volume of 205,233 shares, compared to its average volume of 533,397. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59. The firm has a market cap of $6,854.21, a P/E ratio of 20.57, a P/E/G ratio of 2.77 and a beta of 0.67. Kilroy Realty has a 12 month low of $62.91 and a 12 month high of $77.70.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 18th. Investors of record on Thursday, March 29th were issued a $0.425 dividend. This represents a $1.70 annualized dividend and a yield of 2.36%. The ex-dividend date of this dividend was Wednesday, March 28th. Kilroy Realty’s dividend payout ratio is currently 50.00%.
Several research analysts recently commented on the company. Robert W. Baird cut Kilroy Realty from an “outperform” rating to a “neutral” rating in a research note on Monday, January 8th. BMO Capital Markets reiterated a “buy” rating and issued a $79.00 price target on shares of Kilroy Realty in a research note on Tuesday, January 9th. Royal Bank of Canada reiterated a “hold” rating and issued a $75.00 price target on shares of Kilroy Realty in a research note on Friday, February 16th. Zacks Investment Research raised Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, March 21st. Finally, Citigroup raised Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price objective for the company in a report on Tuesday, February 27th. They noted that the move was a valuation call. One investment 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 presently has an average rating of “Hold” and an average price target of $76.30.
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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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