Kilroy Realty (NYSE:KRC) Issues FY 2024 Earnings Guidance

Kilroy Realty (NYSE:KRC) updated its FY 2024 earnings guidance on Friday morning. The company provided earnings per share guidance of 4.150-4.300 for the period, compared to the consensus earnings per share estimate of 4.210. The company issued revenue guidance of -.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. Deutsche Bank Aktiengesellschaft started coverage on shares of Kilroy Realty in a report on Tuesday, January 30th. They set a hold rating and a $40.00 price target for the company. Royal Bank of Canada downgraded Kilroy Realty from an outperform rating to a sector perform rating and reduced their price target for the company from $44.00 to $39.00 in a report on Friday, March 8th. KeyCorp dropped their price objective on Kilroy Realty from $47.00 to $45.00 and set an overweight rating on the stock in a report on Wednesday, February 28th. Finally, Barclays started coverage on Kilroy Realty in a research note on Wednesday, March 27th. They set an equal weight rating and a $38.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of Hold and an average target price of $39.00.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock traded up $0.34 during trading hours on Monday, reaching $34.27. The company’s stock had a trading volume of 1,017,111 shares, compared to its average volume of 1,091,605. The company has a debt-to-equity ratio of 0.91, a quick ratio of 2.65 and a current ratio of 3.30. Kilroy Realty has a one year low of $25.99 and a one year high of $43.37. The company’s 50 day simple moving average is $34.89 and its 200 day simple moving average is $35.25. The stock has a market cap of $4.02 billion, a P/E ratio of 19.50, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Friday, March 29th were paid a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $2.16 dividend on an annualized basis and a yield of 6.30%. Kilroy Realty’s payout ratio is currently 124.14%.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.