Wall Street analysts expect that Kilroy Realty Co. (NYSE:KRC) will announce earnings per share (EPS) of $0.91 for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $0.93 and the lowest estimate coming in at $0.88. Kilroy Realty posted earnings per share of $0.87 during the same quarter last year, which indicates a positive year-over-year growth rate of 4.6%. The company is scheduled to report its next quarterly earnings results on Wednesday, July 25th.
On average, analysts expect that Kilroy Realty will report full-year earnings of $3.59 per share for the current fiscal year, with EPS estimates ranging from $3.55 to $3.62. For the next financial year, analysts anticipate that the business will report earnings of $3.86 per share, with EPS estimates ranging from $3.68 to $4.03. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Kilroy Realty.
Kilroy Realty (NYSE:KRC) last issued its earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). Kilroy Realty had a net margin of 23.16% and a return on equity of 4.27%. The business had revenue of $182.80 million during the quarter, compared to analysts’ expectations of $178.02 million. During the same period in the prior year, the business posted $0.81 EPS. The business’s revenue was up 2.0% on a year-over-year basis.
A number of equities analysts have recently commented on the stock. BMO Capital Markets set a $77.00 target price on shares of Kilroy Realty and gave the company a “buy” rating in a research note on Monday, February 12th. Zacks Investment Research downgraded shares of Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Thursday, February 15th. Robert W. Baird set a $75.00 target price on shares of Kilroy Realty and gave the company a “hold” rating in a research note on Monday, February 5th. Citigroup raised shares of 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. Finally, TheStreet raised shares of Kilroy Realty from a “c+” rating to a “b-” rating in a research note on Thursday, May 10th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and four have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $76.22.
Shares of Kilroy Realty traded down $0.14, reaching $74.74, during mid-day trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 429,494 shares, compared to its average volume of 583,887. Kilroy Realty has a 12-month low of $62.91 and a 12-month high of $77.70. The company has a current ratio of 1.44, a quick ratio of 1.44 and a debt-to-equity ratio of 0.64. The company has a market cap of $7.39 billion, a PE ratio of 21.98, a P/E/G ratio of 2.79 and a beta of 0.66.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, June 29th will be paid a dividend of $0.455 per share. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.43. The ex-dividend date of this dividend is Thursday, June 28th. This represents a $1.82 annualized dividend and a yield of 2.44%. Kilroy Realty’s payout ratio is 50.00%.
In related news, CAO Heidi Rena Roth sold 5,607 shares of Kilroy Realty stock in a transaction on Friday, May 11th. The shares were sold at an average price of $74.50, for a total transaction of $417,721.50. Following the sale, the chief accounting officer now owns 30,121 shares of the company’s stock, valued at approximately $2,244,014.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Tyler H. Rose sold 15,000 shares of Kilroy Realty stock in a transaction 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 directly owns 110,056 shares in the company, valued at approximately $7,908,624.16. The disclosure for this sale can be found here. Insiders have sold a total of 62,207 shares of company stock worth $4,495,914 in the last ninety days. 2.22% of the stock is currently owned by insiders.
A number of institutional investors have recently added to or reduced their stakes in the stock. Glassman Wealth Services increased its position in shares of Kilroy Realty by 75.5% in the 1st quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 762 shares during the last quarter. TLP Group LLC increased its position in shares of Kilroy Realty by 2,913.4% in the 1st quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after purchasing an additional 2,826 shares during the last quarter. MANA Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter worth about $219,000. Stifel Financial Corp bought a new stake in shares of Kilroy Realty in the 1st quarter worth about $221,000. Finally, Signition LP bought a new stake in shares of Kilroy Realty in the 1st quarter worth about $259,000. 97.80% of the stock is currently owned by hedge funds and other institutional investors.
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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