Wall Street brokerages predict that Kilroy Realty Corp (NYSE:KRC) will announce $0.89 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Three analysts have provided estimates for Kilroy Realty’s earnings, with estimates ranging from $0.88 to $0.91. Kilroy Realty posted earnings of $0.85 per share during the same quarter last year, which indicates a positive year-over-year growth rate of 4.7%. The business is expected to announce its next quarterly earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that Kilroy Realty will report full year earnings of $3.61 per share for the current year, with EPS estimates ranging from $3.56 to $3.66. For the next year, analysts expect that the firm will report earnings of $3.80 per share, with EPS estimates ranging from $3.63 to $4.04. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Zacks’ consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The firm had revenue of $186.56 million for the quarter, compared to analysts’ expectations of $183.32 million.
A number of research firms have recently commented on KRC. Zacks Investment Research upgraded shares of Kilroy Realty from a “sell” rating to a “hold” rating in a report on Saturday, October 27th. Deutsche Bank increased their price target on shares of Kilroy Realty from $81.00 to $83.00 and gave the company a “hold” rating in a report on Wednesday, August 29th. Bank of America upgraded shares of Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $82.00 in a report on Tuesday, November 13th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating in a report on Friday, October 5th. Finally, Scotiabank began coverage on shares of Kilroy Realty in a report on Tuesday, October 16th. They set a “sector perform” rating on the stock. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $78.63.
Hedge funds have recently modified their holdings of the stock. Los Angeles Capital Management & Equity Research Inc. purchased a new stake in Kilroy Realty in the third quarter worth approximately $206,000. Qube Research & Technologies Ltd purchased a new stake in Kilroy Realty in the second quarter worth approximately $280,000. NN Investment Partners Holdings N.V. purchased a new stake in Kilroy Realty in the third quarter worth approximately $281,000. First Hawaiian Bank purchased a new stake in Kilroy Realty in the third quarter worth approximately $307,000. Finally, Point72 Hong Kong Ltd purchased a new stake in Kilroy Realty in the second quarter worth approximately $348,000.
NYSE:KRC opened at $70.67 on Friday. Kilroy Realty has a 52 week low of $62.91 and a 52 week high of $77.73. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.01 and a current ratio of 1.01. The company has a market cap of $6.96 billion, a PE ratio of 20.79, a PEG ratio of 2.62 and a beta of 0.66.
Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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