Kilroy Realty (NYSE:KRC) Issues Earnings Results

Kilroy Realty (NYSE:KRC – Get Rating) announced its earnings results on Wednesday. The real estate investment trust reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.04, MarketWatch Earnings reports. Kilroy Realty had a return on equity of 3.23% and a net margin of 18.65%. The firm had revenue of $265.50 million for the quarter, compared to the consensus estimate of $257.03 million. During the same quarter in the previous year, the business earned $0.98 EPS. The company’s revenue was up 12.7% compared to the same quarter last year.

Shares of NYSE:KRC traded down $3.20 during trading on Friday, hitting $70.00. 1,138,108 shares of the company were exchanged, compared to its average volume of 730,066. The company has a market cap of $8.17 billion, a PE ratio of 45.16, a P/E/G ratio of 2.22 and a beta of 0.74. The stock has a 50 day moving average of $73.82 and a 200 day moving average of $70.04. Kilroy Realty has a 52-week low of $60.37 and a 52-week high of $79.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.17 and a quick ratio of 2.17.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 13th. Shareholders of record on Thursday, March 31st were given a dividend of $0.52 per share. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.08 annualized dividend and a dividend yield of 2.97%. Kilroy Realty’s dividend payout ratio is currently 134.19%.

A number of equities analysts have recently weighed in on the company. Zacks Investment Research downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Bank of America upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $82.00 to $83.00 in a research note on Friday, February 25th. Mizuho upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $71.00 to $77.00 in a research note on Thursday, January 20th. Deutsche Bank Aktiengesellschaft boosted their target price on Kilroy Realty from $74.00 to $75.00 and gave the stock a “hold” rating in a research note on Thursday, April 14th. Finally, StockNews.com assumed coverage on Kilroy Realty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $80.38.

In other Kilroy Realty news, insider A. Robert Paratte sold 3,425 shares of the stock in a transaction on Wednesday, March 9th. The stock was sold at an average price of $73.28, for a total transaction of $250,984.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 1.95% of the company’s stock.

Several large investors have recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Kilroy Realty by 3.7% during the fourth quarter. BlackRock Inc. now owns 13,200,352 shares of the real estate investment trust’s stock worth $877,295,000 after acquiring an additional 472,980 shares in the last quarter. Vident Investment Advisory LLC increased its holdings in shares of Kilroy Realty by 3.7% in the fourth quarter. Vident Investment Advisory LLC now owns 40,346 shares of the real estate investment trust’s stock worth $2,681,000 after purchasing an additional 1,424 shares during the period. Walleye Trading LLC bought a new position in shares of Kilroy Realty in the fourth quarter worth $480,000. Comerica Bank increased its holdings in shares of Kilroy Realty by 1.1% in the fourth quarter. Comerica Bank now owns 51,855 shares of the real estate investment trust’s stock worth $3,281,000 after purchasing an additional 570 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Kilroy Realty by 32.8% in the fourth quarter. Allianz Asset Management GmbH now owns 620,854 shares of the real estate investment trust’s stock worth $41,263,000 after purchasing an additional 153,395 shares during the period. Hedge funds and other institutional investors own 91.47% of the company’s stock.

About Kilroy Realty (Get Rating)

Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.

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