Kilroy Realty Corporation (NYSE:KRC) Declares Quarterly Dividend of $0.54

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, February 24th. Shareholders of record on Tuesday, March 31st will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Tuesday, March 31st.

Kilroy Realty has raised its dividend by an average of 0.0%annually over the last three years. Kilroy Realty has a dividend payout ratio of 284.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kilroy Realty to earn $4.15 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 52.0%.

Kilroy Realty Trading Up 0.9%

Shares of KRC traded up $0.28 during mid-day trading on Wednesday, reaching $31.30. The stock had a trading volume of 906,404 shares, compared to its average volume of 2,083,215. The company has a debt-to-equity ratio of 0.81, a current ratio of 2.13 and a quick ratio of 2.13. The business’s fifty day moving average is $35.91 and its 200 day moving average is $39.50. Kilroy Realty has a 52-week low of $27.07 and a 52-week high of $45.03. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 13.56 and a beta of 1.10.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, February 9th. The real estate investment trust reported $0.10 earnings per share for the quarter, missing the consensus estimate of $0.98 by ($0.88). Kilroy Realty had a net margin of 24.82% and a return on equity of 4.91%. The firm had revenue of $272.19 million during the quarter, compared to analysts’ expectations of $270.21 million. During the same period last year, the company earned $1.20 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.250-3.450 EPS. On average, sell-side analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently weighed in on KRC. Mizuho set a $29.00 price target on Kilroy Realty and gave the stock an “underperform” rating in a report on Tuesday. Citigroup reduced their price target on shares of Kilroy Realty from $42.00 to $34.00 and set a “neutral” rating on the stock in a research note on Thursday, February 12th. BMO Capital Markets reiterated a “market perform” rating on shares of Kilroy Realty in a report on Wednesday, January 7th. Barclays set a $39.00 price target on Kilroy Realty in a research note on Tuesday, January 13th. Finally, Weiss Ratings reaffirmed a “hold (c+)” rating on shares of Kilroy Realty in a research note on Monday, December 29th. One analyst has rated the stock with a Buy rating, twelve have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and a consensus target price of $39.86.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.