Kilroy Realty Corporation (KRC) Expected to Announce Quarterly Sales of $180.60 Million
Equities analysts forecast that Kilroy Realty Corporation (NYSE:KRC) will post sales of $180.60 million for the current fiscal quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kilroy Realty Corporation’s earnings, with the highest sales estimate coming in at $184.13 million and the lowest estimate coming in at $178.71 million. Kilroy Realty Corporation reported sales of $168.35 million during the same quarter last year, which indicates a positive year over year growth rate of 7.3%. The company is scheduled to report its next quarterly earnings results after the market closes on Wednesday, October 25th.
According to Zacks, analysts expect that Kilroy Realty Corporation will report full-year sales of $180.60 million for the current year, with estimates ranging from $718.30 million to $722.78 million. For the next year, analysts forecast that the company will post sales of $753.61 million per share, with estimates ranging from $730.55 million to $790.22 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Kilroy Realty Corporation.
Kilroy Realty Corporation (NYSE:KRC) last released 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 net margin of 21.75% and a return on equity of 4.11%. The firm had revenue of $180.60 million during the quarter, compared to analysts’ expectations of $178.63 million. During the same period last year, the business earned $0.86 earnings per share. Kilroy Realty Corporation’s revenue was up 12.8% compared to the same quarter last year.
KRC has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating on shares of Kilroy Realty Corporation in a research note on Thursday, August 3rd. BidaskClub downgraded shares of Kilroy Realty Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, July 1st. Zacks Investment Research raised shares of Kilroy Realty Corporation from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. KeyCorp reaffirmed a “hold” rating on shares of Kilroy Realty Corporation in a research note on Friday, August 25th. Finally, Bank of America Corporation downgraded shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price objective for the company from $80.00 to $77.00 in a research note on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $77.50.
Shares of Kilroy Realty Corporation (KRC) opened at 72.22 on Monday. Kilroy Realty Corporation has a 12 month low of $66.98 and a 12 month high of $78.33. The firm’s 50 day moving average is $70.63 and its 200-day moving average is $72.00. The firm has a market capitalization of $7.10 billion, a PE ratio of 52.49 and a beta of 0.77.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.35%. The ex-dividend date of this dividend was Thursday, September 28th. Kilroy Realty Corporation’s dividend payout ratio (DPR) is presently 122.30%.
A number of institutional investors and hedge funds have recently bought and sold shares of KRC. Perigon Wealth Management LLC acquired a new stake in Kilroy Realty Corporation during the 1st quarter worth approximately $100,000. Invictus RG acquired a new stake in Kilroy Realty Corporation during the 1st quarter worth approximately $131,000. Advisor Group Inc. increased its position in Kilroy Realty Corporation by 27.8% during the 2nd quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 426 shares in the last quarter. KCG Holdings Inc. acquired a new stake in Kilroy Realty Corporation during the 1st quarter worth approximately $218,000. Finally, Quantbot Technologies LP increased its position in Kilroy Realty Corporation by 53.8% during the 2nd quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after purchasing an additional 1,121 shares in the last quarter. 99.78% of the stock is owned by hedge funds and other institutional investors.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kilroy Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty Corporation and related companies with MarketBeat.com's FREE daily email newsletter.