Kilroy Realty (KRC) Set to Announce Quarterly Earnings on Wednesday

Kilroy Realty (NYSE:KRC) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, July 24th. Analysts expect the company to announce earnings of $0.91 per share for the quarter. Kilroy Realty has set its FY19 guidance at $3.64-3.78 EPS.Parties interested in listening to the company’s conference call can do so using this link.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, May 6th. The real estate investment trust reported $0.36 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.56). Kilroy Realty had a return on equity of 6.27% and a net margin of 33.84%. The firm had revenue of $201.20 million for the quarter, compared to analysts’ expectations of $190.73 million. During the same period in the prior year, the firm posted $0.94 earnings per share. Kilroy Realty’s revenue for the quarter was up 10.1% on a year-over-year basis. On average, analysts expect Kilroy Realty to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

KRC stock opened at $76.75 on Tuesday. Kilroy Realty has a 12 month low of $59.05 and a 12 month high of $78.98. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.98 and a current ratio of 0.98. The business’s 50-day moving average price is $75.95. The stock has a market cap of $7.69 billion, a PE ratio of 22.05, a PEG ratio of 2.82 and a beta of 0.77.

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 17th. Investors of record on Friday, June 28th were paid a dividend of $0.485 per share. The ex-dividend date was Thursday, June 27th. This is a boost from Kilroy Realty’s previous quarterly dividend of $0.46. This represents a $1.94 dividend on an annualized basis and a dividend yield of 2.53%. Kilroy Realty’s payout ratio is currently 55.75%.

Separately, Deutsche Bank dropped their price target on shares of Vornado Realty Trust from $80.00 to $73.00 and set a “hold” rating for the company in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Kilroy Realty currently has a consensus rating of “Hold” and a consensus target price of $80.60.

In other Kilroy Realty news, Director Jolie A. Hunt sold 4,434 shares of the business’s stock in a transaction dated Wednesday, June 5th. The shares were sold at an average price of $75.02, for a total value of $332,638.68. Following the completion of the sale, the director now directly owns 4,099 shares of the company’s stock, valued at approximately $307,506.98. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CAO Merryl Elizabeth Werber sold 1,500 shares of the business’s stock in a transaction dated Wednesday, June 19th. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the chief accounting officer now directly owns 8,120 shares of the company’s stock, valued at $633,360. The disclosure for this sale can be found here. 2.26% of the stock is owned by insiders.

About Kilroy Realty

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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Earnings History for Kilroy Realty (NYSE:KRC)

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