Brokerages expect Kilroy Realty Corp (NYSE:KRC) to report $185.68 million in sales for the current quarter, Zacks reports. Three analysts have issued estimates for Kilroy Realty’s earnings. The highest sales estimate is $188.87 million and the lowest is $181.10 million. Kilroy Realty posted sales of $177.56 million in the same quarter last year, which suggests a positive year over year growth rate of 4.6%. The firm is expected to announce its next earnings results on Wednesday, January 30th.
According to Zacks, analysts expect that Kilroy Realty will report full year sales of $740.08 million for the current year, with estimates ranging from $727.00 million to $748.20 million. For the next financial year, analysts anticipate that the firm will report sales of $796.67 million, with estimates ranging from $769.72 million to $840.17 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings data on Wednesday, October 24th. The real estate investment trust reported $0.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.01. Kilroy Realty had a net margin of 17.26% and a return on equity of 3.16%. The business had revenue of $186.56 million during the quarter, compared to analyst estimates of $183.32 million.
KRC stock traded up $0.84 during trading on Tuesday, hitting $69.47. 28,563 shares of the company’s stock traded hands, compared to its average volume of 699,401. Kilroy Realty has a 52 week low of $62.91 and a 52 week high of $77.73. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 0.71. The firm has a market capitalization of $6.88 billion, a P/E ratio of 20.54, a price-to-earnings-growth ratio of 2.57 and a beta of 0.66.
The company also recently announced a quarterly dividend, which was paid on Wednesday, October 17th. Stockholders of record on Friday, September 28th were issued a $0.455 dividend. The ex-dividend date of this dividend was Thursday, September 27th. This represents a $1.82 annualized dividend and a dividend yield of 2.62%. Kilroy Realty’s dividend payout ratio (DPR) is presently 53.53%.
Institutional investors have recently added to or reduced their stakes in the company. Stifel Financial Corp bought a new stake in shares of Kilroy Realty in the 1st quarter worth about $221,000. Qube Research & Technologies Ltd bought a new stake in shares of Kilroy Realty in the 2nd quarter worth about $280,000. NN Investment Partners Holdings N.V. bought a new stake in shares of Kilroy Realty in the 3rd quarter worth about $281,000. Clinton Group Inc. bought a new stake in shares of Kilroy Realty in the 2nd quarter worth about $289,000. Finally, First Hawaiian Bank bought a new stake in shares of Kilroy Realty in the 3rd quarter worth about $307,000. Hedge funds and other institutional investors own 96.88% of the company’s stock.
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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