Kilroy Realty Corporation (NYSE:KRC) Plans Quarterly Dividend of $0.54

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, November 18th. Shareholders of record on Wednesday, December 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, January 7th. This represents a c) dividend on an annualized basis and a yield of 5.2%. The ex-dividend date is Wednesday, December 31st.

Kilroy Realty has raised its dividend payment by an average of 0.0%annually over the last three years. Kilroy Realty has a dividend payout ratio of 284.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kilroy Realty to earn $4.15 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 52.0%.

Kilroy Realty Stock Up 3.2%

Shares of KRC stock opened at $41.71 on Wednesday. Kilroy Realty has a 12 month low of $27.07 and a 12 month high of $45.03. The company has a quick ratio of 2.35, a current ratio of 2.56 and a debt-to-equity ratio of 0.81. The firm has a market cap of $4.93 billion, a PE ratio of 15.39 and a beta of 1.22. The stock has a 50 day moving average of $42.05 and a 200-day moving average of $38.17.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Monday, October 27th. The real estate investment trust reported $1.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.00 by $0.09. The business had revenue of $279.74 million for the quarter, compared to the consensus estimate of $271.24 million. Kilroy Realty had a net margin of 28.68% and a return on equity of 5.75%. Kilroy Realty’s quarterly revenue was down 3.5% on a year-over-year basis. During the same quarter last year, the company posted $1.17 earnings per share. Kilroy Realty has set its FY 2025 guidance at 4.180-4.240 EPS. On average, equities analysts predict that Kilroy Realty will post 4 EPS for the current year.

Wall Street Analyst Weigh In

A number of brokerages have commented on KRC. New Street Research set a $45.00 price objective on Kilroy Realty in a report on Monday, October 13th. BMO Capital Markets upgraded shares of Kilroy Realty from an “underperform” rating to a “market perform” rating and lifted their target price for the company from $40.00 to $44.00 in a research note on Tuesday. Zacks Research raised Kilroy Realty to a “hold” rating in a report on Friday, August 8th. Barclays restated an “equal weight” rating and set a $43.00 target price on shares of Kilroy Realty in a report on Thursday, September 4th. Finally, Jefferies Financial Group raised shares of Kilroy Realty from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $45.00 in a research note on Monday, October 13th. Three research analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $41.92.

About Kilroy Realty

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.