Kilroy Realty Corporation (NYSE:KRC) announced its quarterly earnings data on Wednesday. The real estate investment trust reported $0.88 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.58, Bloomberg Earnings reports. Kilroy Realty Corporation had a net margin of 21.75% and a return on equity of 4.11%. The firm had revenue of $181.50 million during the quarter, compared to analysts’ expectations of $179.03 million. During the same quarter last year, the business earned $0.92 earnings per share. The business’s revenue for the quarter was up 7.8% compared to the same quarter last year. Kilroy Realty Corporation updated its FY17 guidance to $3.40- 3.44 EPS.
Kilroy Realty Corporation (NYSE KRC) traded down 0.50% during trading on Wednesday, hitting $71.14. 667,410 shares of the stock were exchanged. The stock’s 50-day moving average price is $70.80 and its 200-day moving average price is $71.97. Kilroy Realty Corporation has a 12-month low of $66.98 and a 12-month high of $78.33. The firm has a market cap of $6.99 billion, a PE ratio of 51.70 and a beta of 0.77.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 18th. Shareholders of record on Friday, September 29th were given a dividend of $0.425 per share. This represents a $1.70 dividend on an annualized basis and a yield of 2.39%. The ex-dividend date was Thursday, September 28th. Kilroy Realty Corporation’s payout ratio is currently 122.30%.
A number of equities analysts have issued reports on KRC shares. BidaskClub cut shares of Kilroy Realty Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, July 1st. Stifel Nicolaus restated a “buy” rating and set a $80.00 target price on shares of Kilroy Realty Corporation in a research report on Thursday, July 6th. Evercore ISI upgraded shares of Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 target price for the company in a research report on Monday, August 14th. Zacks Investment Research cut shares of Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, August 15th. Finally, Bank of America Corporation cut shares of Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and cut their target price for the stock from $80.00 to $77.00 in a research report on Wednesday, August 16th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company’s stock. Kilroy Realty Corporation currently has an average rating of “Hold” and an average target price of $77.50.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.