Kilroy Realty (NYSE:KRC) Releases Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Kilroy Realty (NYSE:KRC) posted its quarterly earnings data on Monday. The real estate investment trust reported $0.92 earnings per share for the quarter, beating the consensus estimate of $0.90 by $0.02, Zacks reports. The company had revenue of $272.37 million during the quarter, compared to analysts’ expectations of $267.39 million. Kilroy Realty had a return on equity of 3.89% and a net margin of 19.59%.Kilroy Realty’s revenue for the quarter was down 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.13 earnings per share. Kilroy Realty updated its FY 2026 guidance to 3.490-3.630 EPS.

Kilroy Realty Stock Performance

KRC traded up $0.03 during trading on Monday, reaching $39.45. 1,574,352 shares of the company’s stock were exchanged, compared to its average volume of 1,919,741. The company has a market capitalization of $4.59 billion, a P/E ratio of 21.68 and a beta of 1.12. The company has a quick ratio of 2.09, a current ratio of 2.09 and a debt-to-equity ratio of 0.84. The business has a 50 day moving average price of $37.42 and a 200 day moving average price of $34.09. Kilroy Realty has a fifty-two week low of $27.36 and a fifty-two week high of $45.03.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 8th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.54 per share. The ex-dividend date was Tuesday, June 30th. This represents a $2.16 dividend on an annualized basis and a yield of 5.5%. Kilroy Realty’s payout ratio is currently 118.68%.

Insider Activity

In other news, Director Jolie A. Hunt sold 15,800 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the transaction, the director owned 13,892 shares in the company, valued at approximately $524,978.68. This represents a 53.21% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, President Justin William Smart sold 10,848 shares of Kilroy Realty stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $38.71, for a total transaction of $419,926.08. Following the sale, the president owned 519,872 shares in the company, valued at approximately $20,124,245.12. This trade represents a 2.04% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last 90 days, insiders sold 29,648 shares of company stock worth $1,120,958. 0.83% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Kilroy Realty

Several large investors have recently modified their holdings of KRC. Inspire Investing LLC boosted its stake in Kilroy Realty by 11.4% in the 4th quarter. Inspire Investing LLC now owns 15,090 shares of the real estate investment trust’s stock valued at $564,000 after buying an additional 1,549 shares in the last quarter. Campbell & CO Investment Adviser LLC lifted its holdings in shares of Kilroy Realty by 24.1% during the fourth quarter. Campbell & CO Investment Adviser LLC now owns 14,655 shares of the real estate investment trust’s stock valued at $548,000 after acquiring an additional 2,847 shares during the period. Verition Fund Management LLC lifted its holdings in shares of Kilroy Realty by 20.0% during the fourth quarter. Verition Fund Management LLC now owns 12,464 shares of the real estate investment trust’s stock valued at $466,000 after acquiring an additional 2,074 shares during the period. Focus Partners Wealth acquired a new stake in shares of Kilroy Realty in the 3rd quarter valued at $446,000. Finally, Certuity LLC acquired a new stake in shares of Kilroy Realty in the 3rd quarter valued at $439,000. 94.22% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

KRC has been the subject of a number of research reports. Wells Fargo & Company increased their price target on shares of Kilroy Realty from $31.00 to $33.00 and gave the company an “equal weight” rating in a report on Monday, June 1st. BMO Capital Markets boosted their price objective on shares of Kilroy Realty from $34.00 to $38.00 and gave the stock a “market perform” rating in a report on Monday, June 15th. Evercore upgraded shares of Kilroy Realty from an “in-line” rating to an “outperform” rating and set a $42.00 price objective on the stock in a report on Monday, June 8th. Needham & Company LLC reaffirmed a “buy” rating on shares of Kilroy Realty in a research report on Monday, June 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kilroy Realty from $40.00 to $39.00 and set a “neutral” rating for the company in a research note on Tuesday, July 21st. Five investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $38.87.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a publicly traded real estate investment trust focused on the development, acquisition and management of high?quality office and mixed?use properties along the U.S. West Coast. The company’s portfolio encompasses major urban markets including Los Angeles, San Diego, the San Francisco Bay Area and Seattle. Kilroy Realty targets properties in transit?oriented submarkets, blending workplace space with retail, residential and hospitality amenities to create vibrant, walkable neighborhoods.

Founded in the mid?20th century by members of the Kilroy family, the company evolved from a regional landlord into one of the leading West Coast office landlords.