Wall Street brokerages forecast that Kilroy Realty Corp (NYSE:KRC) will report $180.92 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kilroy Realty’s earnings. The highest sales estimate is $184.20 million and the lowest is $178.66 million. Kilroy Realty reported sales of $179.31 million in the same quarter last year, which would suggest a positive year over year growth rate of 0.9%. The firm is scheduled to issue its next earnings report on Wednesday, April 25th.
On average, analysts expect that Kilroy Realty will report full year sales of $180.92 million for the current fiscal year, with estimates ranging from $705.76 million to $746.10 million. For the next financial year, analysts anticipate that the firm will post sales of $788.62 million per share, with estimates ranging from $733.85 million to $839.45 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.85. Kilroy Realty had a net margin of 18.33% and a return on equity of 3.04%. The business had revenue of $177.56 million for the quarter, compared to analysts’ expectations of $176.64 million. During the same period in the prior year, the firm earned $0.87 earnings per share. Kilroy Realty’s revenue was up 5.3% compared to the same quarter last year.
Kilroy Realty (NYSE KRC) opened at $70.45 on Tuesday. Kilroy Realty has a 52 week low of $62.91 and a 52 week high of $77.70. The stock has a market cap of $6,950.00, a P/E ratio of 46.66, a price-to-earnings-growth ratio of 2.77 and a beta of 0.71. The company has a quick ratio of 1.32, a current ratio of 1.32 and a debt-to-equity ratio of 0.59.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.70 dividend on an annualized basis and a dividend yield of 2.41%. Kilroy Realty’s dividend payout ratio is 112.58%.
Several hedge funds and other institutional investors have recently made changes to their positions in KRC. Aperio Group LLC boosted its position in shares of Kilroy Realty by 2.4% during the third quarter. Aperio Group LLC now owns 35,314 shares of the real estate investment trust’s stock worth $2,512,000 after purchasing an additional 837 shares in the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Kilroy Realty during the third quarter worth $846,000. Prudential Financial Inc. boosted its position in shares of Kilroy Realty by 835.8% during the third quarter. Prudential Financial Inc. now owns 580,802 shares of the real estate investment trust’s stock worth $41,307,000 after purchasing an additional 518,739 shares in the last quarter. Swiss National Bank boosted its position in shares of Kilroy Realty by 0.9% during the third quarter. Swiss National Bank now owns 164,311 shares of the real estate investment trust’s stock worth $11,686,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Sei Investments Co. boosted its position in shares of Kilroy Realty by 5.9% during the third quarter. Sei Investments Co. now owns 235,562 shares of the real estate investment trust’s stock worth $16,753,000 after purchasing an additional 13,220 shares in the last quarter. 97.80% of the stock is currently owned by institutional investors.
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.
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