Wall Street brokerages forecast that Kilroy Realty Corp (NYSE:KRC) will announce sales of $189.15 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kilroy Realty’s earnings, with estimates ranging from $187.63 million to $191.04 million. Kilroy Realty posted sales of $182.82 million in the same quarter last year, which suggests a positive year over year growth rate of 3.5%. The business is expected to report its next earnings results on Wednesday, April 24th.
On average, analysts expect that Kilroy Realty will report full-year sales of $777.42 million for the current financial year, with estimates ranging from $767.68 million to $785.56 million. For the next financial year, analysts expect that the firm will post sales of $842.93 million, with estimates ranging from $814.01 million to $865.81 million. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.89 by ($0.11). The company had revenue of $190.80 million during the quarter, compared to analysts’ expectations of $185.19 million. Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The firm’s revenue was up 7.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.85 EPS.
A number of research firms have weighed in on KRC. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a report on Wednesday, March 20th. Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and upped their price target for the stock from $80.00 to $81.00 in a report on Monday, March 11th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and upped their price target for the stock from $82.00 to $86.00 in a report on Friday, March 1st. Zacks Investment Research upgraded Kilroy Realty from a “sell” rating to a “hold” rating in a report on Wednesday, February 13th. Finally, Wells Fargo & Co cut Kilroy Realty from an “outperform” rating to a “market perform” rating and decreased their price target for the stock from $82.00 to $72.00 in a report on Tuesday, December 11th. Five research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $79.86.
NYSE KRC opened at $76.27 on Thursday. The company has a market capitalization of $7.63 billion, a price-to-earnings ratio of 21.92, a P/E/G ratio of 2.82 and a beta of 0.83. Kilroy Realty has a fifty-two week low of $59.05 and a fifty-two week high of $77.73. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.22 and a quick ratio of 1.22.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Stockholders of record on Friday, March 29th will be paid a dividend of $0.455 per share. This represents a $1.82 annualized dividend and a dividend yield of 2.39%. The ex-dividend date of this dividend is Thursday, March 28th. Kilroy Realty’s dividend payout ratio (DPR) is currently 52.30%.
In other news, CFO Tyler H. Rose sold 20,000 shares of the stock in a transaction that occurred on Monday, February 11th. The stock was sold at an average price of $72.57, for a total transaction of $1,451,400.00. Following the completion of the transaction, the chief financial officer now directly owns 125,132 shares in the company, valued at approximately $9,080,829.24. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Justin William Smart sold 5,000 shares of the stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $76.71, for a total value of $383,550.00. Following the transaction, the insider now owns 119,507 shares of the company’s stock, valued at $9,167,381.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 64,799 shares of company stock valued at $4,766,078. Company insiders own 2.22% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in KRC. Laurel Wealth Advisors LLC acquired a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $25,000. Parallel Advisors LLC raised its position in shares of Kilroy Realty by 471.7% during the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 434 shares in the last quarter. Oregon Public Employees Retirement Fund raised its position in shares of Kilroy Realty by 6,188.0% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock valued at $39,000 after acquiring an additional 2,412,206 shares in the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in shares of Kilroy Realty during the 3rd quarter valued at approximately $153,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Kilroy Realty during the 4th quarter valued at approximately $358,000. Institutional investors own 96.67% of the company’s stock.
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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