Kilroy Realty Corp (NYSE:KRC) – Investment analysts at DA Davidson boosted their Q3 2019 earnings per share estimates for shares of Kilroy Realty in a research note issued on Tuesday, May 7th. DA Davidson analyst B. Oxford now expects that the real estate investment trust will post earnings of $0.95 per share for the quarter, up from their previous forecast of $0.93. DA Davidson also issued estimates for Kilroy Realty’s Q4 2019 earnings at $0.96 EPS and FY2019 earnings at $3.79 EPS.
A number of other research firms have also issued reports on KRC. ValuEngine raised Kilroy Realty from a “hold” rating to a “buy” rating in a report on Friday, February 8th. Zacks Investment Research lowered Kilroy Realty from a “hold” rating to a “sell” rating in a report on Thursday, January 24th. Deutsche Bank increased their price target on Kilroy Realty from $80.00 to $82.00 and gave the company a “hold” rating in a research report on Wednesday, April 10th. Robert W. Baird upgraded Kilroy Realty from a “neutral” rating to an “outperform” rating and increased their price target for the company from $82.00 to $86.00 in a research report on Friday, March 1st. Finally, Goldman Sachs Group upgraded Kilroy Realty from a “neutral” rating to a “buy” rating and increased their price target for the company from $80.00 to $81.00 in a research report on Monday, March 11th. Five investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $80.60.
Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.56). The firm had revenue of $201.20 million for the quarter, compared to analyst estimates of $190.73 million. Kilroy Realty had a return on equity of 6.35% and a net margin of 34.58%. Kilroy Realty’s revenue was up 10.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share.
The business also recently declared a quarterly dividend, which was paid on Wednesday, April 17th. Investors of record on Friday, March 29th were given a $0.455 dividend. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.82 dividend on an annualized basis and a dividend yield of 2.38%. Kilroy Realty’s dividend payout ratio (DPR) is 52.30%.
In related news, COO Jeffrey C. Hawken sold 30,516 shares of the stock in a transaction on Thursday, February 14th. The stock was sold at an average price of $73.28, for a total value of $2,236,212.48. Following the completion of the transaction, the chief operating officer now owns 385,049 shares in the company, valued at approximately $28,216,390.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Justin William Smart sold 5,000 shares of the firm’s stock in a transaction dated Friday, March 22nd. The stock was sold at an average price of $76.71, for a total value of $383,550.00. Following the sale, the insider now owns 119,507 shares of the company’s stock, valued at $9,167,381.97. The disclosure for this sale can be found here. Insiders sold a total of 64,799 shares of company stock valued at $4,766,078 in the last quarter. 2.26% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Kilroy Realty during the 4th quarter worth about $571,000. Robeco Institutional Asset Management B.V. boosted its position in Kilroy Realty by 6.1% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 140,000 shares of the real estate investment trust’s stock worth $8,803,000 after acquiring an additional 8,000 shares during the period. Bowling Portfolio Management LLC acquired a new stake in Kilroy Realty during the 4th quarter worth about $581,000. Crestline Management LP boosted its position in Kilroy Realty by 217.5% during the 4th quarter. Crestline Management LP now owns 193,739 shares of the real estate investment trust’s stock worth $12,182,000 after acquiring an additional 132,718 shares during the period. Finally, California Public Employees Retirement System boosted its position in Kilroy Realty by 8.3% during the 4th quarter. California Public Employees Retirement System now owns 179,896 shares of the real estate investment trust’s stock worth $11,312,000 after acquiring an additional 13,763 shares during the period. Hedge funds and other institutional investors own 96.67% of the company’s stock.
Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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