Kilroy Realty Corp. (KRC) Announces Quarterly Earnings Results, Beats Expectations By $0.03 EPS
Kilroy Realty Corp. (NYSE:KRC) issued its quarterly earnings data on Tuesday. The company reported $0.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.64 by $0.03, Stock Ratings News reports. The company had revenue of $120.60 million for the quarter, compared to the consensus estimate of $108.19 million. During the same quarter last year, the company posted $0.63 earnings per share. Kilroy Realty Corp.’s revenue was up 15.3% compared to the same quarter last year.
Shares of Kilroy Realty Corp. (NYSE:KRC) opened at 51.78 on Tuesday. Kilroy Realty Corp. has a 52 week low of $47.52 and a 52 week high of $60.27. The stock’s 50-day moving average is $51.05 and its 200-day moving average is $51.13. The company has a market cap of $4.249 billion and a P/E ratio of 20.39.
On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Kilroy Realty Corp. in a research note to investors on Wednesday, January 15th. They now have a $56.00 price target on the stock, down previously from $58.00. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $58.20.
Kilroy Realty Corporation is a self-administered real estate investment trust (NYSE:KRC).
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