Kilroy Realty Corp (NYSE:KRC) Expected to Announce Earnings of $0.93 Per Share

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.

KRC has been the topic of a number of research reports. BTIG Research set a $89.00 target price on shares of Kilroy Realty and gave the stock a “buy” rating in a research note on Friday, October 18th. BMO Capital Markets reissued a “buy” rating and issued a $84.00 price objective on shares of Kilroy Realty in a research note on Thursday. Zacks Investment Research raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and set a $87.00 price objective on the stock in a research note on Wednesday, October 16th. Deutsche Bank reduced their price objective on shares of Kilroy Realty from $89.00 to $86.00 and set a “hold” rating on the stock in a research note on Thursday, October 10th. Finally, Robert W. Baird set a $91.00 price objective on shares of Kilroy Realty and gave the stock a “buy” rating in a research note on Wednesday, August 21st. Three research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $84.00.

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.

Featured Story: Convertible Shares

Get a free copy of the Zacks research report on Kilroy Realty (KRC)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Kilroy Realty (NYSE:KRC)

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.