Analysts expect Kilroy Realty Corp (NYSE:KRC) to post $194.15 million in sales for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Kilroy Realty’s earnings, with estimates ranging from $189.16 million to $199.40 million. Kilroy Realty reported sales of $187.07 million during the same quarter last year, which would suggest a positive year over year growth rate of 3.8%. The firm is expected to issue its next quarterly earnings report on Wednesday, July 24th.
On average, analysts expect that Kilroy Realty will report full year sales of $790.36 million for the current financial year, with estimates ranging from $767.68 million to $814.86 million. For the next year, analysts forecast that the business will post sales of $851.54 million, with estimates ranging from $835.65 million to $865.81 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, May 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.27% and a net margin of 33.84%. The company had revenue of $201.20 million during the quarter, compared to the consensus estimate of $190.73 million. During the same period last year, the business earned $0.94 EPS. The firm’s quarterly revenue was up 10.1% compared to the same quarter last year.
NYSE KRC opened at $77.10 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. Kilroy Realty has a 52 week low of $59.05 and a 52 week high of $78.21. The stock has a market capitalization of $7.79 billion, a PE ratio of 22.16, a P/E/G ratio of 2.83 and a beta of 0.82.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 17th. Investors of record on Friday, June 28th will be given a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.52%. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s dividend payout ratio (DPR) is currently 52.30%.
In related news, Director Edward F. Brennan sold 3,843 shares of the firm’s stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $74.73, for a total transaction of $287,187.39. Following the completion of the sale, the director now directly owns 18,513 shares of the company’s stock, valued at approximately $1,383,476.49. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Justin William Smart sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly 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 have sold 14,283 shares of company stock valued at $1,078,465 in the last quarter. 2.26% of the stock is currently owned by company insiders.
Several hedge funds have recently modified their holdings of the stock. Vanguard Group Inc lifted its stake in shares of Kilroy Realty by 3.7% during the 3rd quarter. Vanguard Group Inc now owns 14,721,499 shares of the real estate investment trust’s stock worth $1,055,385,000 after acquiring an additional 522,383 shares during the last quarter. BlackRock Inc. raised its position in Kilroy Realty by 1.4% during the 4th quarter. BlackRock Inc. now owns 12,203,745 shares of the real estate investment trust’s stock valued at $767,371,000 after purchasing an additional 162,599 shares in the last quarter. Cohen & Steers Inc. raised its position in Kilroy Realty by 2.8% during the 4th quarter. Cohen & Steers Inc. now owns 10,927,244 shares of the real estate investment trust’s stock valued at $687,105,000 after purchasing an additional 293,246 shares in the last quarter. Norges Bank bought a new stake in Kilroy Realty during the 4th quarter valued at $377,416,000. Finally, PGGM Investments raised its position in Kilroy Realty by 29.6% during the 1st quarter. PGGM Investments now owns 5,290,738 shares of the real estate investment trust’s stock valued at $401,884,000 after purchasing an additional 1,208,738 shares in the last quarter. 96.67% of the stock is owned by hedge funds and other institutional investors.
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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