Kilroy Realty (NYSE:KRC) Updates FY 2021 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY 2021 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $3.740-$3.800 for the period. The company issued revenue guidance of -.

NYSE KRC traded down $1.86 on Wednesday, reaching $67.67. 1,056,436 shares of the company were exchanged, compared to its average volume of 980,020. The business’s fifty day moving average price is $66.77 and its 200 day moving average price is $68.35. The stock has a market capitalization of $7.88 billion, a P/E ratio of 12.31, a price-to-earnings-growth ratio of 2.37 and a beta of 0.83. The company has a current ratio of 3.18, a quick ratio of 3.18 and a debt-to-equity ratio of 0.69. Kilroy Realty has a fifty-two week low of $45.28 and a fifty-two week high of $74.05.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Tuesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.22 by $0.08. Kilroy Realty had a return on equity of 12.06% and a net margin of 71.92%. Equities research analysts forecast that Kilroy Realty will post 3.78 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 13th. Stockholders of record on Thursday, September 30th were paid a $0.52 dividend. This represents a $2.08 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Wednesday, September 29th. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.50. Kilroy Realty’s dividend payout ratio is 56.06%.

Several equities analysts have recently commented on the company. Mizuho assumed coverage on Kilroy Realty in a research note on Wednesday, July 14th. They issued a neutral rating and a $71.00 price target on the stock. Zacks Investment Research raised Kilroy Realty from a hold rating to a buy rating and set a $76.00 price target on the stock in a research note on Wednesday, October 6th. Deutsche Bank Aktiengesellschaft raised Kilroy Realty from a sell rating to a hold rating and set a $73.00 price target on the stock in a research note on Tuesday, October 12th. Evercore ISI reaffirmed a buy rating and issued a $75.00 price target on shares of Kilroy Realty in a research note on Wednesday, September 22nd. Finally, KeyCorp decreased their price target on Kilroy Realty from $91.00 to $85.00 and set an overweight rating on the stock in a research note on Thursday, October 14th. Four research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of Buy and an average target price of $72.58.

Kilroy Realty Company Profile

Kilroy Realty Corp. engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

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

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