KeyCorp Comments on Kilroy Realty Corporation’s FY2018 Earnings (KRC)
Kilroy Realty Corporation (NYSE:KRC) – Analysts at KeyCorp boosted their FY2018 earnings per share (EPS) estimates for Kilroy Realty Corporation in a note issued to investors on Tuesday. KeyCorp analyst C. Mailman now expects that the real estate investment trust will post earnings per share of $3.65 for the year, up from their prior forecast of $3.64. KeyCorp currently has a “Hold” rating on the stock.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings data on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). The company had revenue of $181.50 million for the quarter, compared to analysts’ expectations of $179.03 million. Kilroy Realty Corporation had a return on equity of 4.44% and a net margin of 23.77%. The business’s revenue for the quarter was up 7.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.92 EPS. COPYRIGHT VIOLATION WARNING: “KeyCorp Comments on Kilroy Realty Corporation’s FY2018 Earnings (KRC)” was first posted by American Banking News and is owned by of American Banking News. If you are accessing this news story on another site, it was illegally copied and republished in violation of U.S. & international copyright & trademark legislation. The correct version of this news story can be read at https://www.americanbankingnews.com/2017/11/02/keycorp-comments-on-kilroy-realty-corporations-fy2018-earnings-krc.html.
Several other brokerages have also commented on KRC. Goldman Sachs Group, Inc. (The) started coverage on shares of Kilroy Realty Corporation in a research report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 price target for the company. Zacks Investment Research lowered shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $77.00 price target on shares of Kilroy Realty Corporation in a research report on Thursday, September 21st. Bank of America Corporation lowered shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $80.00 to $77.00 in a research report on Wednesday, August 16th. Finally, Evercore ISI raised shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price target for the company in a research report on Monday, August 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $77.50.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 18th. Investors of record on Friday, September 29th were issued a $0.425 dividend. The ex-dividend date of this dividend was Thursday, September 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.39%. Kilroy Realty Corporation’s dividend payout ratio (DPR) is presently 111.84%.
Hedge funds have recently added to or reduced their stakes in the stock. Advisor Group Inc. increased its holdings in shares of Kilroy Realty Corporation by 27.8% in the 2nd quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after acquiring an additional 426 shares during the period. Perigon Wealth Management LLC increased its holdings in shares of Kilroy Realty Corporation by 54.5% in the 2nd quarter. Perigon Wealth Management LLC now owns 2,125 shares of the real estate investment trust’s stock worth $161,000 after acquiring an additional 750 shares during the period. KCG Holdings Inc. acquired a new stake in shares of Kilroy Realty Corporation in the 1st quarter worth about $218,000. Quantbot Technologies LP increased its holdings in shares of Kilroy Realty Corporation by 53.8% in the 2nd quarter. Quantbot Technologies LP now owns 3,205 shares of the real estate investment trust’s stock worth $240,000 after acquiring an additional 1,121 shares during the period. Finally, TLP Group LLC acquired a new stake in shares of Kilroy Realty Corporation in the 2nd quarter worth about $254,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
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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