Equities research analysts expect Kilroy Realty Corp (NYSE:KRC) to report sales of $205.25 million for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Kilroy Realty’s earnings. The lowest sales estimate is $203.21 million and the highest is $207.29 million. Kilroy Realty posted sales of $186.56 million during the same quarter last year, which suggests a positive year over year growth rate of 10%. The company is expected to issue its next quarterly earnings report on Wednesday, October 23rd.
On average, analysts expect that Kilroy Realty will report full-year sales of $814.82 million for the current year, with estimates ranging from $810.89 million to $818.75 million. For the next financial year, analysts anticipate that the firm will post sales of $875.77 million, with estimates ranging from $844.60 million to $906.94 million. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Kilroy Realty.
KRC has been the topic of several research analyst reports. ValuEngine cut Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research cut Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. BMO Capital Markets set a $81.00 price target on Kilroy Realty and gave the company a “buy” rating in a research report on Wednesday, July 24th. Finally, Robert W. Baird set a $91.00 price target on Kilroy Realty and gave the company a “buy” rating in a research report on Wednesday, August 21st. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $82.57.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Monday, September 30th will be given a dividend of $0.485 per share. This represents a $1.94 annualized dividend and a dividend yield of 2.51%. The ex-dividend date is Friday, September 27th. Kilroy Realty’s dividend payout ratio (DPR) is presently 55.75%.
Several hedge funds have recently modified their holdings of KRC. Piedmont Investment Advisors Inc. bought a new stake in shares of Kilroy Realty during the 1st quarter worth $207,000. CAPROCK Group Inc. bought a new stake in shares of Kilroy Realty during the 2nd quarter worth $205,000. Bailard Inc. bought a new stake in shares of Kilroy Realty during the 2nd quarter worth $214,000. Cigna Investments Inc. New bought a new stake in shares of Kilroy Realty during the 1st quarter worth $221,000. Finally, BB&T Securities LLC boosted its stake in shares of Kilroy Realty by 11.8% during the 2nd quarter. BB&T Securities LLC now owns 2,987 shares of the real estate investment trust’s stock worth $220,000 after acquiring an additional 316 shares in the last quarter.
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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