Kilroy Realty Corporation (NYSE:KRC) to Issue $0.54 Quarterly Dividend

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, November 18th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, January 7th. This represents a c) annualized dividend and a yield of 5.2%. The ex-dividend date of this dividend is Wednesday, December 31st.

Kilroy Realty has raised its dividend by an average of 0.0%annually over the last three years. Kilroy Realty has a dividend payout ratio of 284.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Kilroy Realty to earn $4.15 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 52.0%.

Kilroy Realty Trading Up 2.0%

NYSE KRC opened at $41.22 on Wednesday. The company has a current ratio of 2.56, a quick ratio of 2.35 and a debt-to-equity ratio of 0.81. The business has a fifty day simple moving average of $42.05 and a 200 day simple moving average of $38.17. Kilroy Realty has a 12 month low of $27.07 and a 12 month high of $45.03. The firm has a market capitalization of $4.88 billion, a P/E ratio of 15.27 and a beta of 1.22.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. The business’s revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.17 EPS. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. On average, analysts predict that Kilroy Realty will post 4 EPS for the current fiscal year.

Hedge Funds Weigh In On Kilroy Realty

Institutional investors and hedge funds have recently bought and sold shares of the company. American National Bank & Trust bought a new stake in shares of Kilroy Realty in the second quarter valued at $25,000. Quaker Wealth Management LLC grew its stake in shares of Kilroy Realty by 200.0% during the 2nd quarter. Quaker Wealth Management LLC now owns 755 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,510 shares during the period. Westside Investment Management Inc. increased its holdings in Kilroy Realty by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 618 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 309 shares during the last quarter. Wiser Advisor Group LLC purchased a new stake in Kilroy Realty in the 3rd quarter worth about $32,000. Finally, Harbor Asset Planning Inc. bought a new stake in Kilroy Realty in the 2nd quarter valued at about $34,000. 94.22% of the stock is owned by institutional investors.

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.