Kilroy Realty (NYSE:KRC – Get Rating) released its earnings results on Wednesday. The real estate investment trust reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.41 by $0.04, MarketWatch Earnings reports. The firm had revenue of $265.50 million for the quarter, compared to analysts’ expectations of $257.03 million. Kilroy Realty had a net margin of 18.65% and a return on equity of 3.23%. The company’s quarterly revenue was up 12.7% on a year-over-year basis. During the same period in the previous year, the company earned $0.98 earnings per share.
Shares of NYSE:KRC traded down $3.20 during trading on Friday, reaching $70.00. The company had a trading volume of 1,138,108 shares, compared to its average volume of 730,066. Kilroy Realty has a 12 month low of $60.37 and a 12 month high of $79.06. The stock has a market capitalization of $8.17 billion, a P/E ratio of 45.16, a price-to-earnings-growth ratio of 2.22 and a beta of 0.74. The company has a fifty day moving average of $73.82 and a two-hundred day moving average of $70.04. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.72.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 13th. Stockholders of record on Thursday, March 31st were issued a $0.52 dividend. This represents a $2.08 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date of this dividend was Wednesday, March 30th. Kilroy Realty’s payout ratio is 134.19%.
A number of institutional investors and hedge funds have recently made changes to their positions in KRC. LPL Financial LLC increased its stake in shares of Kilroy Realty by 5.9% in the 3rd quarter. LPL Financial LLC now owns 4,809 shares of the real estate investment trust’s stock worth $318,000 after acquiring an additional 270 shares in the last quarter. D. E. Shaw & Co. Inc. increased its stake in Kilroy Realty by 412.7% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 55,955 shares of the real estate investment trust’s stock valued at $3,719,000 after purchasing an additional 45,041 shares in the last quarter. Cubist Systematic Strategies LLC increased its stake in Kilroy Realty by 632.6% during the 4th quarter. Cubist Systematic Strategies LLC now owns 31,266 shares of the real estate investment trust’s stock valued at $2,078,000 after purchasing an additional 26,998 shares in the last quarter. Millennium Management LLC increased its stake in Kilroy Realty by 501.4% during the 4th quarter. Millennium Management LLC now owns 320,485 shares of the real estate investment trust’s stock valued at $21,299,000 after purchasing an additional 267,193 shares in the last quarter. Finally, Amalgamated Bank increased its stake in Kilroy Realty by 0.5% during the 4th quarter. Amalgamated Bank now owns 77,182 shares of the real estate investment trust’s stock valued at $5,130,000 after purchasing an additional 377 shares in the last quarter. 91.47% of the stock is owned by institutional investors and hedge funds.
A number of research firms have weighed in on KRC. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and boosted their target price for the company from $82.00 to $83.00 in a research note on Friday, February 25th. StockNews.com assumed coverage on shares of Kilroy Realty in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research cut shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research note on Wednesday, April 13th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Kilroy Realty from $74.00 to $75.00 and gave the company a “hold” rating in a research note on Thursday, April 14th. Finally, Mizuho upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and upped their price target for the company from $71.00 to $77.00 in a research note on Thursday, January 20th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $80.38.
Kilroy Realty Company Profile (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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