Wall Street brokerages expect Kilroy Realty Co. (NYSE:KRC) to announce earnings per share of $1.00 for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for Kilroy Realty’s earnings, with the highest EPS estimate coming in at $1.01 and the lowest estimate coming in at $0.99. Kilroy Realty also posted earnings of $1.00 per share during the same quarter last year. The firm is scheduled to issue its next earnings report after the market closes on Wednesday, April 28th.
On average, analysts expect that Kilroy Realty will report full-year earnings of $4.08 per share for the current fiscal year, with EPS estimates ranging from $3.86 to $4.15. For the next financial year, analysts anticipate that the business will post earnings of $4.43 per share, with EPS estimates ranging from $4.31 to $4.50. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Kilroy Realty.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Sunday, January 31st. The real estate investment trust reported $0.67 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.30). Kilroy Realty had a net margin of 20.35% and a return on equity of 3.56%.
In related news, President Tyler H. Rose sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $68.31, for a total value of $683,100.00. Following the transaction, the president now directly owns 153,455 shares in the company, valued at $10,482,511.05. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider A. Robert Paratte sold 23,595 shares of the stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $68.14, for a total transaction of $1,607,763.30. Following the transaction, the insider now owns 21,187 shares in the company, valued at $1,443,682.18. The disclosure for this sale can be found here. 2.22% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the stock. Norges Bank purchased a new position in shares of Kilroy Realty in the 4th quarter worth about $519,872,000. Resolution Capital Ltd purchased a new position in shares of Kilroy Realty during the 4th quarter valued at about $67,860,000. BlackRock Inc. lifted its position in shares of Kilroy Realty by 8.9% during the 4th quarter. BlackRock Inc. now owns 13,472,484 shares of the real estate investment trust’s stock valued at $773,320,000 after buying an additional 1,101,038 shares in the last quarter. Morgan Stanley lifted its position in shares of Kilroy Realty by 199.4% during the 4th quarter. Morgan Stanley now owns 1,612,611 shares of the real estate investment trust’s stock valued at $92,564,000 after buying an additional 1,074,050 shares in the last quarter. Finally, PGGM Investments lifted its position in shares of Kilroy Realty by 16.2% during the 4th quarter. PGGM Investments now owns 7,570,061 shares of the real estate investment trust’s stock valued at $434,522,000 after buying an additional 1,055,251 shares in the last quarter. 94.74% of the stock is owned by institutional investors.
KRC opened at $67.46 on Friday. The business’s 50 day moving average is $66.23 and its 200-day moving average is $59.14. The stock has a market cap of $7.86 billion, a PE ratio of 41.39, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.75. Kilroy Realty has a twelve month low of $45.28 and a twelve month high of $70.54.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 14th. Investors of record on Wednesday, March 31st will be given a dividend of $0.50 per share. The ex-dividend date is Tuesday, March 30th. This represents a $2.00 annualized dividend and a yield of 2.96%. Kilroy Realty’s payout ratio is currently 51.15%.
About Kilroy Realty
Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) 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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