Kilroy Realty Co. (KRC) To Go Ex-Dividend on September 30th

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 9th. This represents a $2.16 annualized dividend and a dividend yield of 5.56%. The ex-dividend date of this dividend is Monday, September 30th.

Kilroy Realty has a payout ratio of 152.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kilroy Realty to earn $4.20 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 51.4%.

Kilroy Realty Trading Up 1.1 %

Shares of NYSE:KRC traded up $0.41 during trading on Wednesday, hitting $38.87. 32,965 shares of the company’s stock were exchanged, compared to its average volume of 1,018,841. Kilroy Realty has a 1-year low of $26.78 and a 1-year high of $43.37. The firm has a 50-day moving average price of $35.04 and a two-hundred day moving average price of $34.16. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. The firm has a market cap of $4.56 billion, a P/E ratio of 22.11 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The business had revenue of $280.73 million for the quarter, compared to analyst estimates of $276.81 million. During the same quarter in the prior year, the firm earned $1.19 EPS. The firm’s quarterly revenue was down 1.2% compared to the same quarter last year. Equities analysts predict that Kilroy Realty will post 4.25 earnings per share for the current year.

Analyst Ratings Changes

A number of research analysts recently issued reports on KRC shares. KeyCorp decreased their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a report on Tuesday, July 2nd. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Kilroy Realty from $40.00 to $34.00 and set a “hold” rating for the company in a report on Thursday, May 30th. Evercore ISI boosted their price objective on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a report on Monday. Finally, Scotiabank cut their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research note on Wednesday, August 7th. Seven investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.40.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.