Equities analysts forecast that Kilroy Realty Corp (NYSE:KRC) will announce $0.88 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Kilroy Realty’s earnings, with estimates ranging from $0.86 to $0.91. Kilroy Realty also posted earnings of $0.88 per share in the same quarter last year. The business is scheduled to announce its next earnings results after the market closes on Wednesday, October 24th.
On average, analysts expect that Kilroy Realty will report full year earnings of $3.58 per share for the current year, with EPS estimates ranging from $3.53 to $3.64. For the next fiscal year, analysts anticipate that the company will report earnings of $3.82 per share, with EPS estimates ranging from $3.57 to $4.04. 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 posted its earnings results on Wednesday, July 25th. The real estate investment trust reported $0.27 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.63). Kilroy Realty had a net margin of 22.42% and a return on equity of 4.12%. The firm had revenue of $187.10 million during the quarter, compared to the consensus estimate of $182.30 million. During the same quarter last year, the firm posted $0.87 EPS. The business’s revenue was up 3.6% on a year-over-year basis.
KRC has been the subject of a number of research analyst reports. Deutsche Bank lifted their target price on shares of Kilroy Realty from $81.00 to $83.00 and gave the company a “hold” rating in a research note on Wednesday, August 29th. Robert W. Baird reiterated a “hold” rating and issued a $78.00 target price on shares of Kilroy Realty in a research note on Wednesday, August 1st. Finally, JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a research report on Friday. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $78.14.
Hedge funds have recently bought and sold shares of the stock. TLP Group LLC grew its holdings in Kilroy Realty by 2,913.4% during the 1st quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock worth $207,000 after acquiring an additional 2,826 shares during the period. Stifel Financial Corp acquired a new stake in Kilroy Realty during the 1st quarter worth $221,000. Qube Research & Technologies Ltd acquired a new stake in Kilroy Realty during the 2nd quarter worth $280,000. Clinton Group Inc. acquired a new stake in Kilroy Realty during the 2nd quarter worth $289,000. Finally, Point72 Hong Kong Ltd acquired a new stake in Kilroy Realty during the 2nd quarter worth $348,000. Hedge funds and other institutional investors own 96.58% of the company’s stock.
Shares of NYSE:KRC traded up $0.19 during trading on Thursday, reaching $71.81. The stock had a trading volume of 31,903 shares, compared to its average volume of 541,653. Kilroy Realty has a 52 week low of $62.91 and a 52 week high of $77.73. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of $7.22 billion, a P/E ratio of 21.12, a price-to-earnings-growth ratio of 2.70 and a beta of 0.66.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 17th. Investors of record on Friday, September 28th will be given a $0.455 dividend. This represents a $1.82 annualized dividend and a yield of 2.53%. The ex-dividend date is Thursday, September 27th. Kilroy Realty’s dividend payout ratio (DPR) is presently 53.53%.
Kilroy Realty Company Profile
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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