Wall Street analysts predict that Kilroy Realty Corp (NYSE:KRC) will post sales of $189.15 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kilroy Realty’s earnings, with the lowest sales estimate coming in at $187.63 million and the highest estimate coming in at $191.04 million. Kilroy Realty reported sales of $182.82 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 3.5%. The firm is scheduled to report its next earnings results on Wednesday, April 24th.
According to Zacks, analysts expect that Kilroy Realty will report full-year sales of $777.42 million for the current financial year, with estimates ranging from $767.68 million to $785.56 million. For the next year, analysts expect that the firm will post sales of $842.93 million, with estimates ranging from $814.01 million to $865.81 million. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Kilroy Realty.
Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 4th. The real estate investment trust reported $0.78 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.89 by ($0.11). Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. The business had revenue of $190.80 million for the quarter, compared to analyst estimates of $185.19 million. During the same quarter last year, the company earned $0.85 EPS. The business’s revenue for the quarter was up 7.5% compared to the same quarter last year.
Shares of KRC opened at $75.16 on Tuesday. Kilroy Realty has a 12 month low of $59.05 and a 12 month high of $77.73. The firm has a market cap of $7.55 billion, a PE ratio of 21.60, a price-to-earnings-growth ratio of 2.79 and a beta of 0.83. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.70.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 17th. Investors of record on Friday, March 29th will be paid a $0.455 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a yield of 2.42%. Kilroy Realty’s payout ratio is presently 52.30%.
In other Kilroy Realty news, COO Jeffrey C. Hawken sold 30,516 shares of the firm’s stock in a transaction on Thursday, February 14th. The shares were sold at an average price of $73.28, for a total value of $2,236,212.48. Following the sale, the chief operating officer now directly owns 385,049 shares in the company, valued at approximately $28,216,390.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Heidi Rena Roth sold 5,440 shares of the firm’s stock in a transaction on Monday, March 11th. The stock was sold at an average price of $74.95, for a total transaction of $407,728.00. Following the completion of the sale, the insider now owns 38,850 shares in the company, valued at $2,911,807.50. The disclosure for this sale can be found here. Insiders sold a total of 55,956 shares of company stock worth $4,095,340 over the last quarter. 2.22% of the stock is currently owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Laurel Wealth Advisors LLC acquired a new stake in Kilroy Realty in the 4th quarter worth $25,000. Parallel Advisors LLC grew its position in Kilroy Realty by 471.7% in the 4th quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 434 shares during the last quarter. Oregon Public Employees Retirement Fund grew its position in Kilroy Realty by 6,188.0% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 2,412,206 shares during the last quarter. Matthew Goff Investment Advisor LLC acquired a new stake in Kilroy Realty in the 3rd quarter worth $153,000. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Kilroy Realty in the 3rd quarter worth $206,000. Institutional investors own 96.67% of the company’s stock.
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.
Read More: Technical Analysis
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kilroy Realty Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty and related companies with MarketBeat.com's FREE daily email newsletter.