Kilroy Realty Corporation Announces Quarterly Dividend of $0.54 (NYSE:KRC)

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, July 8th. This represents a c) dividend on an annualized basis and a yield of 6.5%. The ex-dividend date of this dividend is Tuesday, June 30th.

Kilroy Realty has raised its dividend payment by an average of 0.0%annually over the last three years. Kilroy Realty has a dividend payout ratio of 284.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kilroy Realty to earn $3.43 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 63.0%.

Kilroy Realty Price Performance

Shares of KRC stock opened at $33.39 on Wednesday. The stock has a 50-day moving average price of $30.71 and a 200 day moving average price of $35.15. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.84. The firm has a market cap of $3.88 billion, a price-to-earnings ratio of 18.35 and a beta of 1.14. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $45.03.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, April 27th. The real estate investment trust reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.30). The firm had revenue of $270.05 million during the quarter, compared to analyst estimates of $263.08 million. Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.Kilroy Realty’s revenue for the quarter was down .3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.02 earnings per share. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Research analysts expect that Kilroy Realty will post 3.57 EPS for the current year.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a “hold” rating and issued a $33.00 price objective on shares of Kilroy Realty in a research report on Tuesday, May 12th. Wall Street Zen lowered Kilroy Realty from a “hold” rating to a “sell” rating in a research report on Saturday, February 14th. Citigroup decreased their target price on Kilroy Realty from $42.00 to $34.00 and set a “neutral” rating for the company in a research report on Thursday, February 12th. Evercore set a $38.00 target price on Kilroy Realty in a research report on Tuesday, April 28th. Finally, Barclays decreased their target price on Kilroy Realty from $39.00 to $31.00 and set an “equal weight” rating for the company in a research report on Thursday, February 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, ten have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.62.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high‐quality office and mixed‐use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit‐oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid‐20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.