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

Kilroy Realty (NYSE:KRC) released its quarterly earnings results on Thursday. The real estate investment trust reported $0.88 EPS for the quarter, beating the consensus estimate of $0.13 by $0.75, Zacks reports. The firm had revenue of $271.60 million during the quarter, compared to the consensus estimate of $268.02 million. Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%.

Kilroy Realty Stock Performance

Kilroy Realty stock traded up $1.62 during trading hours on Thursday, reaching $36.05. 2,678,047 shares of the stock were exchanged, compared to its average volume of 1,754,976. Kilroy Realty has a 52-week low of $27.36 and a 52-week high of $43.58. The stock has a market cap of $4.19 billion, a P/E ratio of 25.38 and a beta of 1.16. 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 firm’s 50 day moving average is $35.18 and its 200 day moving average is $35.53.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 14th. Shareholders of record on Wednesday, September 30th were given a dividend of $0.54 per share. The ex-dividend date was Wednesday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 6.0%. Kilroy Realty’s dividend payout ratio is presently 152.11%.

Analyst Upgrades and Downgrades

KRC has been the subject of a number of research reports. Wall Street Zen cut shares of Kilroy Realty from a “hold” rating to a “sell” rating in a report on Saturday, September 12th. Citigroup increased their target price on shares of Kilroy Realty from $34.00 to $40.00 and gave the stock a “neutral” rating in a research note on Thursday, July 30th. Weiss Ratings reissued a “hold (c)” rating on shares of Kilroy Realty in a report on Monday, September 28th. The Goldman Sachs Group boosted their price target on Kilroy Realty from $28.00 to $31.00 and gave the company a “sell” rating in a research report on Wednesday, July 29th. Finally, Wells Fargo & Company upped their price objective on Kilroy Realty from $33.00 to $38.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 1st. Four investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kilroy Realty presently has an average rating of “Hold” and a consensus 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.