Kilroy Realty (NYSE:KRC) Issues Earnings Results

Kilroy Realty (NYSE:KRCGet 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%.

In other news, insider A. Robert Paratte sold 3,425 shares of the company’s stock in a transaction on Wednesday, March 9th. The shares were sold at an average price of $73.28, for a total value of $250,984.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.95% of the stock is currently owned by corporate insiders.

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.

See Also

Earnings History for Kilroy Realty (NYSE:KRC)

Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.