Kilroy Realty Corp. Declares Quarterly Dividend of $0.35 (KRC)
Kilroy Realty Corp. (NYSE:KRC) announced a quarterly dividend on Friday, February 14th, Analyst Ratings News reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.35 per share on Wednesday, April 16th. This represents a $1.40 annualized dividend and a dividend yield of 2.47%. The ex-dividend date is Thursday, March 27th.
On a related note, analysts at Deutsche Bank reiterated a “buy” rating on shares of Kilroy Realty Corp. in a research note 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 issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $58.20.
Shares of Kilroy Realty Corp. (NYSE:KRC) traded up 0.25% on Friday, hitting $56.67. 667,719 shares of the company’s stock traded hands. Kilroy Realty Corp. has a one year low of $47.52 and a one year high of $60.27. The stock’s 50-day moving average is $52.21 and its 200-day moving average is $51.20. The company has a market cap of $4.651 billion and a P/E ratio of 155.73.
Kilroy Realty Corp. (NYSE:KRC) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.64 by $0.03. The company had revenue of $120.60 million for the quarter, compared to the consensus estimate of $108.19 million. During the same quarter in the prior year, the company posted $0.63 earnings per share. The company’s quarterly revenue was up 15.3% on a year-over-year basis. Analysts expect that Kilroy Realty Corp. will post $2.66 EPS for the current fiscal year.
Kilroy Realty Corporation is a self-administered real estate investment trust (NYSE:KRC).
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