Kilroy Realty (NYSE:KRC) Releases Quarterly Earnings Results, Meets Expectations

Kilroy Realty (NYSE:KRC – Get Free Report) announced its earnings results on Thursday. The real estate investment trust reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13, Zacks reports. The business had revenue of $271.60 million for the quarter, compared to analyst estimates of $268.02 million. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The company’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter last year, the business earned $1.08 earnings per share.

Kilroy Realty Price Performance

NYSE:KRC opened at $36.30 on Friday. Kilroy Realty has a one year low of $27.36 and a one year high of $43.58. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.65 and a current ratio of 2.65. The stock has a market cap of $4.22 billion, a PE ratio of 25.56 and a beta of 1.16. The stock has a 50 day moving average price of $35.16 and a 200 day moving average price of $35.59.

Kilroy Realty Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 14th. Stockholders of record on Wednesday, September 30th were given a $0.54 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.0%. Kilroy Realty’s dividend payout ratio is 152.11%.

More Kilroy Realty News

Here are the key news stories impacting Kilroy Realty this week:

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on KRC. The Goldman Sachs Group raised their price target on shares of Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research note on Wednesday, July 29th. Scotiabank cut their price objective on Kilroy Realty from $41.00 to $39.00 and set a “sector perform” rating for the company in a research note on Thursday, September 17th. Mizuho increased their target price on Kilroy Realty from $29.00 to $34.00 and gave the company an “underperform” rating in a report on Tuesday, July 21st. Citigroup raised their target price on Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a research report on Thursday, July 30th. Finally, JPMorgan Chase & Co. lowered their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a research note on Tuesday, July 21st. Four analysts have rated the stock with a Buy rating, nine have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $38.62.

Read Our Latest Analysis on Kilroy Realty

Kilroy Realty Company Profile

(Get Free Report)

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is primarily designed for businesses in technology, life science, entertainment, media and other knowledge-based industries.

The company’s properties are concentrated in major innovation and employment centers on the U.S. West Coast, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle. Kilroy has also developed and operated mixed-use projects that combine office space with retail, residential and public amenities.

Founded in 1947, Kilroy Realty has developed into a prominent owner and operator of commercial real estate in coastal U.S.

See Also

Earnings History for Kilroy Realty (NYSE:KRC)

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