Kilroy Realty Co. (NYSE:KRC) Expected to Post Earnings of $1.10 Per Share

Wall Street analysts expect Kilroy Realty Co. (NYSE:KRCGet Rating) to report earnings per share of $1.10 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $1.11 and the lowest estimate coming in at $1.09. Kilroy Realty reported earnings of $0.88 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 25%. The business is expected to announce its next earnings results on Monday, January 1st.

On average, analysts expect that Kilroy Realty will report full-year earnings of $4.48 per share for the current year, with EPS estimates ranging from $4.47 to $4.48. For the next financial year, analysts expect that the business will report earnings of $4.82 per share, with EPS estimates ranging from $4.77 to $4.88. Zacks’ EPS calculations are an average based on a survey of sell-side research firms that follow Kilroy Realty.

Kilroy Realty (NYSE:KRCGet Rating) last posted its quarterly earnings results on Wednesday, April 27th. The real estate investment trust reported $0.45 EPS for the quarter, beating the consensus estimate of $0.41 by $0.04. 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 during the quarter, compared to analysts’ expectations of $257.03 million. During the same quarter in the prior year, the firm posted $0.98 EPS. The company’s revenue for the quarter was up 12.7% on a year-over-year basis.

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

Shares of KRC traded down $0.94 during mid-day trading on Friday, reaching $66.30. The company had a trading volume of 1,029,220 shares, compared to its average volume of 761,080. Kilroy Realty has a twelve month low of $60.37 and a twelve month high of $79.06. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.98 and a quick ratio of 1.98. The company’s 50-day moving average is $73.70 and its 200-day moving average is $70.06. The company has a market capitalization of $7.74 billion, a P/E ratio of 42.77, a P/E/G ratio of 2.14 and a beta of 0.75.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 13th. Shareholders of record on Thursday, March 31st were given a $0.52 dividend. The ex-dividend date of this dividend was Wednesday, March 30th. This represents a $2.08 dividend on an annualized basis and a yield of 3.14%. Kilroy Realty’s payout ratio is 134.19%.

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 value of $250,984.00. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.95% of the stock is currently owned by company insiders.

Hedge funds have recently bought and sold shares of the company. Balyasny Asset Management LLC acquired a new position in shares of Kilroy Realty in the 3rd quarter valued at $18,038,000. Neuberger Berman Group LLC raised its stake in Kilroy Realty by 9.3% during the 3rd quarter. Neuberger Berman Group LLC now owns 243,861 shares of the real estate investment trust’s stock worth $16,143,000 after buying an additional 20,819 shares during the period. American Century Companies Inc. raised its stake in Kilroy Realty by 1.2% during the 4th quarter. American Century Companies Inc. now owns 383,235 shares of the real estate investment trust’s stock worth $25,470,000 after buying an additional 4,537 shares during the period. Long Pond Capital LP raised its stake in Kilroy Realty by 5.5% during the 3rd quarter. Long Pond Capital LP now owns 681,383 shares of the real estate investment trust’s stock worth $45,114,000 after buying an additional 35,442 shares during the period. Finally, Van ECK Associates Corp raised its stake in Kilroy Realty by 35.0% during the 4th quarter. Van ECK Associates Corp now owns 66,141 shares of the real estate investment trust’s stock worth $4,396,000 after buying an additional 17,165 shares during the period. 97.95% of the stock is currently owned by institutional investors.

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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Earnings History and Estimates for Kilroy Realty (NYSE:KRC)

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