Analysts forecast that Kilroy Realty Corp (NYSE:KRC) will announce $0.93 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kilroy Realty’s earnings, with the lowest EPS estimate coming in at $0.92 and the highest estimate coming in at $0.94. Kilroy Realty posted earnings per share of $0.78 in the same quarter last year, which would indicate a positive year-over-year growth rate of 19.2%. The firm is expected to announce its next earnings results on Monday, February 3rd.
According to Zacks, analysts expect that Kilroy Realty will report full year earnings of $3.75 per share for the current fiscal year, with EPS estimates ranging from $3.73 to $3.77. For the next fiscal year, analysts anticipate that the business will report earnings of $4.05 per share, with EPS estimates ranging from $3.97 to $4.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research firms that follow Kilroy Realty.
Kilroy Realty (NYSE:KRC) last posted its earnings results on Wednesday, October 23rd. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts’ consensus estimates of $0.93 by ($0.52). The company had revenue of $215.53 million for the quarter, compared to the consensus estimate of $205.99 million. Kilroy Realty had a return on equity of 6.58% and a net margin of 35.13%. The business’s quarterly revenue was up 15.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.90 EPS.
Several institutional investors have recently modified their holdings of the stock. Oakbrook Investments LLC raised its holdings in shares of Kilroy Realty by 3.7% during the second quarter. Oakbrook Investments LLC now owns 5,650 shares of the real estate investment trust’s stock valued at $417,000 after purchasing an additional 200 shares during the period. Municipal Employees Retirement System of Michigan raised its holdings in shares of Kilroy Realty by 1.6% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 18,670 shares of the real estate investment trust’s stock worth $1,378,000 after acquiring an additional 300 shares during the last quarter. BB&T Securities LLC raised its holdings in shares of Kilroy Realty by 11.8% in 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 during the last quarter. Natixis raised its holdings in shares of Kilroy Realty by 16.2% in the 2nd quarter. Natixis now owns 3,346 shares of the real estate investment trust’s stock worth $247,000 after acquiring an additional 466 shares during the last quarter. Finally, Arizona State Retirement System raised its holdings in shares of Kilroy Realty by 1.1% in the 2nd quarter. Arizona State Retirement System now owns 73,285 shares of the real estate investment trust’s stock worth $5,409,000 after acquiring an additional 787 shares during the last quarter.
Shares of NYSE KRC traded up $2.84 during midday trading on Thursday, reaching $81.95. 627,964 shares of the company were exchanged, compared to its average volume of 523,297. The stock’s 50-day moving average price is $77.65 and its 200-day moving average price is $76.92. The stock has a market cap of $7.96 billion, a P/E ratio of 23.55, a PEG ratio of 2.71 and a beta of 0.76. Kilroy Realty has a one year low of $59.05 and a one year high of $82.15. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 16th. Investors of record on Monday, September 30th were paid a $0.485 dividend. The ex-dividend date was Friday, September 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.37%. Kilroy Realty’s dividend payout ratio is 55.75%.
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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