Brokerages Anticipate Kilroy Realty Corporation (KRC) Will Post Earnings of $0.87 Per Share
Wall Street brokerages expect that Kilroy Realty Corporation (NYSE:KRC) will announce earnings per share (EPS) of $0.87 for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Kilroy Realty Corporation’s earnings. The lowest EPS estimate is $0.84 and the highest is $0.90. Kilroy Realty Corporation reported earnings of $0.92 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 5.4%. The firm is scheduled to announce its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Kilroy Realty Corporation will report full-year earnings of $3.46 per share for the current fiscal year, with EPS estimates ranging from $3.42 to $3.50. For the next year, analysts expect that the company will report earnings of $3.74 per share, with EPS estimates ranging from $3.59 to $3.97. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Kilroy Realty Corporation.
Kilroy Realty Corporation (NYSE:KRC) last issued its earnings results 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 firm had revenue of $180.60 million for the quarter, compared to analysts’ expectations of $178.63 million. During the same period in the previous year, the firm posted $0.86 earnings per share. The business’s revenue was up 12.8% compared to the same quarter last year.
A number of research analysts recently weighed in on the stock. Stifel Nicolaus reaffirmed a “buy” rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. BidaskClub lowered shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Thursday, July 27th. Zacks Investment Research lowered shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Finally, Deutsche Bank AG raised their price target on shares of Kilroy Realty Corporation from $75.00 to $78.00 and gave the company a “hold” rating in a research note on Thursday, May 25th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. Kilroy Realty Corporation currently has a consensus rating of “Hold” and an average target price of $79.20.
In other Kilroy Realty Corporation news, insider Justin William Smart sold 10,000 shares of the stock in a transaction dated Tuesday, June 13th. The shares were sold at an average price of $76.66, for a total value of $766,600.00. Following the completion of the sale, the insider now owns 93,017 shares in the company, valued at approximately $7,130,683.22. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.28% of the stock is currently owned by corporate insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Karp Capital Management Corp bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $2,363,000. Profund Advisors LLC boosted its position in shares of Kilroy Realty Corporation by 11.0% in the first quarter. Profund Advisors LLC now owns 16,715 shares of the real estate investment trust’s stock valued at $1,205,000 after buying an additional 1,653 shares during the last quarter. Delta Lloyd NV boosted its position in shares of Kilroy Realty Corporation by 15.6% in the first quarter. Delta Lloyd NV now owns 27,551 shares of the real estate investment trust’s stock valued at $1,943,000 after buying an additional 3,710 shares during the last quarter. Dynamic Capital Management Ltd bought a new position in shares of Kilroy Realty Corporation during the first quarter valued at about $477,000. Finally, Elkfork Partners LLC boosted its position in shares of Kilroy Realty Corporation by 20.5% in the first quarter. Elkfork Partners LLC now owns 6,188 shares of the real estate investment trust’s stock valued at $446,000 after buying an additional 1,054 shares during the last quarter. Institutional investors own 99.72% of the company’s stock.
Shares of Kilroy Realty Corporation (NYSE KRC) traded down 0.62% during midday trading on Tuesday, hitting $69.14. The stock had a trading volume of 224,340 shares. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33. The stock has a market cap of $6.79 billion, a PE ratio of 50.25 and a beta of 0.74. The firm has a 50 day moving average price of $73.97 and a 200-day moving average price of $73.65.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 12th. Shareholders of record on Friday, June 30th were issued a $0.425 dividend. This is an increase from Kilroy Realty Corporation’s previous quarterly dividend of $0.38. The ex-dividend date was Wednesday, June 28th. This represents a $1.70 dividend on an annualized basis and a yield of 2.44%. Kilroy Realty Corporation’s dividend payout ratio is presently 122.30%.
Kilroy Realty Corporation Company Profile
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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