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

Kilroy Realty (NYSE:KRC) updated its FY 2024 earnings guidance on Friday. 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 -.

Kilroy Realty Trading Up 1.0 %

NYSE:KRC traded up $0.34 during trading hours on Monday, hitting $34.27. 1,017,111 shares of the company were exchanged, compared to its average volume of 1,091,605. The stock has a market capitalization of $4.02 billion, a price-to-earnings ratio of 19.50, a price-to-earnings-growth ratio of 2.52 and a beta of 1.02. Kilroy Realty has a one year low of $25.99 and a one year high of $43.37. The company has a fifty day simple moving average of $34.89 and a 200 day simple moving average of $35.25. The company has a current ratio of 3.30, a quick ratio of 2.65 and a debt-to-equity ratio of 0.91.

Kilroy Realty Dividend Announcement

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

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on KRC. Deutsche Bank Aktiengesellschaft assumed coverage on Kilroy Realty in a report on Tuesday, January 30th. They set a hold rating and a $40.00 price target for the company. Barclays began 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. KeyCorp dropped their price target on Kilroy Realty from $47.00 to $45.00 and set an overweight rating on the stock in a research note on Wednesday, February 28th. Finally, Royal Bank of Canada downgraded shares of Kilroy Realty from an outperform rating to a sector perform rating and reduced their price objective for the stock from $44.00 to $39.00 in a research report on Friday, March 8th. Seven investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, Kilroy Realty has an average rating of Hold and an average target price of $39.00.

Kilroy Realty Company Profile

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.