Wall Street analysts expect Kilroy Realty Co. (NYSE:KRC) to report earnings per share (EPS) of $0.91 for the current fiscal quarter, according to Zacks Investment Research. Three analysts have issued estimates for Kilroy Realty’s earnings, with estimates ranging from $0.88 to $0.93. Kilroy Realty posted earnings per share of $0.87 in the same quarter last year, which would indicate a positive year over year growth rate of 4.6%. The company is scheduled to report its next earnings results on Wednesday, July 25th.
On average, analysts expect that Kilroy Realty will report full-year earnings of $3.59 per share for the current year, with EPS estimates ranging from $3.55 to $3.62. For the next financial year, analysts forecast that the firm will report earnings of $3.86 per share, with EPS estimates ranging from $3.68 to $4.03. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Wednesday, April 25th. The real estate investment trust reported $0.36 EPS for the quarter, missing the Zacks’ consensus estimate of $0.90 by ($0.54). The business had revenue of $182.80 million for the quarter, compared to analyst estimates of $178.02 million. Kilroy Realty had a return on equity of 4.27% and a net margin of 23.16%. The company’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period in the prior year, the business earned $0.81 EPS.
KRC has been the subject of a number of analyst reports. Citigroup upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and set a $77.00 price target for the company in a research note on Tuesday, February 27th. They noted that the move was a valuation call. Royal Bank of Canada reissued a “hold” rating and set a $75.00 price target on shares of Kilroy Realty in a report on Friday, February 16th. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, February 15th. BMO Capital Markets reaffirmed a “buy” rating and issued a $79.00 price objective on shares of Kilroy Realty in a report on Thursday, February 1st. Finally, Robert W. Baird set a $75.00 price target on Kilroy Realty and gave the stock a “hold” rating in a report on Monday, February 5th. One analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $76.40.
In related news, CAO Heidi Rena Roth sold 5,607 shares of the business’s stock in a transaction on Friday, May 11th. The stock was sold at an average price of $74.50, for a total transaction of $417,721.50. Following the sale, the chief accounting officer now owns 30,121 shares in the company, valued at approximately $2,244,014.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Tyler H. Rose sold 15,000 shares of the business’s stock in a transaction on Tuesday, May 1st. The stock was sold at an average price of $71.86, for a total value of $1,077,900.00. Following the sale, the chief financial officer now owns 110,056 shares in the company, valued at approximately $7,908,624.16. The disclosure for this sale can be found here. Insiders have sold a total of 62,207 shares of company stock worth $4,495,914 in the last 90 days. 2.22% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Glassman Wealth Services grew its position in shares of Kilroy Realty by 75.5% in the 1st quarter. Glassman Wealth Services now owns 1,771 shares of the real estate investment trust’s stock valued at $126,000 after buying an additional 762 shares during the last quarter. TLP Group LLC grew its position in shares of Kilroy Realty by 2,913.4% in the 1st quarter. TLP Group LLC now owns 2,923 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,826 shares during the last quarter. MANA Advisors LLC bought a new stake in shares of Kilroy Realty in the 4th quarter valued at about $219,000. Stifel Financial Corp bought a new stake in shares of Kilroy Realty in the 1st quarter valued at about $221,000. Finally, Signition LP bought a new stake in shares of Kilroy Realty in the 1st quarter valued at about $259,000. Hedge funds and other institutional investors own 97.80% of the company’s stock.
Shares of Kilroy Realty traded up $0.12, reaching $74.88, during mid-day trading on Friday, MarketBeat.com reports. 307,100 shares of the stock were exchanged, compared to its average volume of 549,721. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.44 and a current ratio of 1.44. The company has a market cap of $7.28 billion, a PE ratio of 22.02, a PEG ratio of 2.75 and a beta of 0.66. Kilroy Realty has a one year low of $62.91 and a one year high of $77.70.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 18th. Investors of record on Friday, June 29th will be given a dividend of $0.455 per share. The ex-dividend date is Thursday, June 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.43%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.43. Kilroy Realty’s payout ratio is currently 50.00%.
About Kilroy Realty
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
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.