Kilroy Realty (NYSE:KRC) Issues Earnings Results

Kilroy Realty (NYSE:KRC) issued its earnings results on Monday. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60), Zacks reports. The firm had revenue of $289.94 million during the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. Kilroy Realty’s quarterly revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.12 EPS. Kilroy Realty updated its FY24 guidance to $4.38-4.44 EPS and its FY 2024 guidance to 4.380-4.440 EPS.

Kilroy Realty Trading Down 0.8 %

NYSE KRC opened at $41.30 on Wednesday. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $38.09 and a 200 day moving average price of $35.04. The stock has a market capitalization of $4.85 billion, a P/E ratio of 23.74 and a beta of 1.04. Kilroy Realty has a 52-week low of $27.39 and a 52-week high of $43.78.

Kilroy Realty Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.23%. Kilroy Realty’s payout ratio is currently 124.14%.

Insider Activity at Kilroy Realty

In other news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now owns 8,818 shares of the company’s stock, valued at $352,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the transaction, the chief accounting officer now directly owns 26,401 shares of the company’s stock, valued at $1,033,335.14. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 2.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. KeyCorp lowered their price target on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research report on Tuesday, July 2nd. Barclays increased their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Monday. Wells Fargo & Company cut their price objective on Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Evercore ISI boosted their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Finally, Scotiabank lowered their price target on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Kilroy Realty has a consensus rating of “Hold” and an average target price of $39.29.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.