Kilroy Realty Corp (KRC) Plans Quarterly Dividend of $0.43

Kilroy Realty Corp (NYSE:KRC) declared a quarterly dividend on Wednesday, February 14th, RTT News reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.425 per share by the real estate investment trust on Wednesday, April 18th. This represents a $1.70 dividend on an annualized basis and a yield of 2.56%.

Kilroy Realty has raised its dividend payment by an average of 4.6% annually over the last three years and has raised its dividend annually for the last 2 consecutive years. Kilroy Realty has a payout ratio of 48.9% indicating that its dividend is sufficiently covered by earnings. Analysts expect Kilroy Realty to earn $3.90 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 43.6%.

Shares of Kilroy Realty (KRC) traded up $0.31 during mid-day trading on Wednesday, reaching $66.46. 672,238 shares of the company were exchanged, compared to its average volume of 604,348. Kilroy Realty has a fifty-two week low of $62.91 and a fifty-two week high of $78.33. The company has a market capitalization of $6,383.69, a price-to-earnings ratio of 43.89, a P/E/G ratio of 2.51 and a beta of 0.69. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.41 and a quick ratio of 1.85.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.85. Kilroy Realty had a net margin of 22.90% and a return on equity of 4.22%. The business had revenue of $177.56 million for the quarter, compared to analyst estimates of $176.64 million. During the same quarter in the previous year, the firm posted $0.87 earnings per share. Kilroy Realty’s revenue was up 5.3% compared to the same quarter last year. equities analysts anticipate that Kilroy Realty will post 3.56 EPS for the current fiscal year.

A number of equities analysts recently issued reports on the stock. BMO Capital Markets reaffirmed a “buy” rating and set a $79.00 target price on shares of Kilroy Realty in a research report on Tuesday, January 9th. Robert W. Baird set a $75.00 target price on shares of Kilroy Realty and gave the stock a “hold” rating in a research report on Monday, February 5th. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research report on Saturday, October 28th. Finally, JPMorgan Chase & Co. lowered shares of Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 target price on the stock. in a research report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $76.38.

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Kilroy Realty 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.

Dividend History for Kilroy Realty (NYSE:KRC)

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