Kilroy Realty (NYSE:KRC – Get Free Report) issued its quarterly earnings data on Thursday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.13, Zacks reports. The firm had revenue of $271.60 million during the quarter, compared to the consensus estimate of $268.02 million. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.08 EPS.
Kilroy Realty Stock Up 4.7%
Shares of KRC stock opened at $36.05 on Friday. The company has a market capitalization of $4.19 billion, a price-to-earnings ratio of 8.85 and a beta of 1.16. Kilroy Realty has a one year low of $27.36 and a one year high of $43.58. The company’s fifty day moving average price is $35.16 and its 200-day moving average price is $35.59. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65.
Kilroy Realty Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were paid a $0.54 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.0%. Kilroy Realty’s dividend payout ratio is 152.11%.
Analyst Ratings Changes
Several research firms recently weighed in on KRC. Barclays lifted their target price on Kilroy Realty from $31.00 to $38.00 and gave the company an “equal weight” rating in a research report on Tuesday, July 21st. Mizuho upped their price target on Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Kilroy Realty in a research report on Monday, September 28th. Scotiabank decreased their price objective on Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating on the stock in a research note on Thursday, September 17th. Finally, JPMorgan Chase & Co. lowered their price objective on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 21st. Four equities research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, Kilroy Realty has an average rating of “Hold” and a consensus target price of $38.62.
Check Out Our Latest Stock Analysis on KRC
Kilroy Realty Company Profile
Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.
The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.
Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.
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