Research Analysts Offer Predictions for Kilroy Realty Corporation’s FY2017 Earnings (NYSE:KRC)
Kilroy Realty Corporation (NYSE:KRC) – Equities research analysts at KeyCorp increased their FY2017 earnings per share (EPS) estimates for shares of Kilroy Realty Corporation in a research note issued to investors on Thursday. KeyCorp analyst C. Mailman now anticipates that the real estate investment trust will post earnings per share of $3.43 for the year, up from their prior forecast of $3.42.
Several other equities research analysts have also recently commented on the stock. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, April 12th. BidaskClub raised shares of Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Finally, Deutsche Bank AG boosted their price objective on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a research report on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $79.20.
Kilroy Realty Corporation (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.01. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business had revenue of $180.60 million during the quarter, compared to analyst estimates of $178.63 million. During the same period last year, the company earned $0.86 earnings per share. Kilroy Realty Corporation’s quarterly revenue was up 12.8% compared to the same quarter last year.
A number of large investors have recently modified their holdings of KRC. Perigon Wealth Management LLC acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at approximately $100,000. Invictus RG acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at approximately $131,000. Quantbot Technologies LP acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at approximately $150,000. Flinton Capital Management LLC boosted its stake in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the real estate investment trust’s stock valued at $210,000 after buying an additional 496 shares during the period. Finally, KCG Holdings Inc. acquired a new stake in shares of Kilroy Realty Corporation during the first quarter valued at approximately $218,000. 99.72% of the stock is currently owned by hedge funds and other institutional investors.
In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the business’s stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total transaction of $766,600.00. Following the sale, the insider now directly owns 93,017 shares of the company’s stock, valued at approximately $7,130,683.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.28% of the company’s stock.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were given a dividend of $0.425 per share. The ex-dividend date was Wednesday, June 28th. This is a boost from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. This represents a $1.70 annualized dividend and a yield of 2.41%. Kilroy Realty Corporation’s payout ratio is 122.30%.
About Kilroy Realty Corporation
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.
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