Kilroy Realty (NYSE:KRC) Releases Quarterly Earnings Results, Beats Expectations By $0.75 EPS

Kilroy Realty (NYSE:KRC) posted its quarterly earnings results on Thursday. The real estate investment trust reported $0.88 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.75, Zacks reports. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%.

Kilroy Realty Stock Up 4.7%

Shares of Kilroy Realty stock traded up $1.62 on Thursday, hitting $36.05. The company had a trading volume of 2,673,622 shares, compared to its average volume of 1,754,954. Kilroy Realty has a 1 year low of $27.36 and a 1 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 50 day moving average of $35.18 and a 200-day moving average of $35.53. The stock has a market capitalization of $4.19 billion, a price-to-earnings ratio of 25.38 and a beta of 1.16.

Kilroy Realty Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the stock. Mizuho increased their price objective on shares of Kilroy Realty from $29.00 to $34.00 and gave the stock an “underperform” rating in a research report on Tuesday, July 21st. Weiss Ratings restated a “hold (c)” rating on shares of Kilroy Realty in a research report on Monday, September 28th. Citigroup boosted their price target on Kilroy Realty from $34.00 to $40.00 and gave the company a “neutral” rating in a research note on Thursday, July 30th. JPMorgan Chase & Co. cut their price target on Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating on the stock in a report on Tuesday, July 21st. Finally, Wall Street Zen downgraded Kilroy Realty from a “hold” rating to a “sell” rating in a research note on Saturday, September 12th. Four research 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. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $38.62.

Kilroy Realty Company Profile

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.