Equities research analysts forecast that Kilroy Realty Co. (NYSE:KRC) will post $233.11 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Kilroy Realty’s earnings, with estimates ranging from $221.12 million to $245.10 million. Kilroy Realty reported sales of $219.42 million during the same quarter last year, which indicates a positive year-over-year growth rate of 6.2%. The business is scheduled to issue its next earnings results on Wednesday, August 4th.
According to Zacks, analysts expect that Kilroy Realty will report full year sales of $952.67 million for the current year, with estimates ranging from $920.98 million to $997.40 million. For the next year, analysts forecast that the company will post sales of $1.05 billion, with estimates ranging from $990.31 million to $1.10 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that cover Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Tuesday, April 27th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.99 by ($0.63). Kilroy Realty had a return on equity of 3.56% and a net margin of 20.35%. The firm had revenue of $235.65 million for the quarter, compared to analyst estimates of $239.10 million. During the same period in the prior year, the business earned $1.00 earnings per share. Kilroy Realty’s revenue for the quarter was up 6.5% on a year-over-year basis.
Shares of Kilroy Realty stock traded up $0.42 during mid-day trading on Thursday, hitting $68.34. 1,622,335 shares of the stock were exchanged, compared to its average volume of 1,233,523. The company has a 50-day simple moving average of $67.38 and a 200 day simple moving average of $60.67. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.75. Kilroy Realty has a twelve month low of $45.28 and a twelve month high of $70.54. The stock has a market capitalization of $7.96 billion, a price-to-earnings ratio of 41.67, a price-to-earnings-growth ratio of 2.86 and a beta of 0.91.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 14th. Stockholders of record on Wednesday, March 31st were paid a dividend of $0.50 per share. The ex-dividend date of this dividend was Tuesday, March 30th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 2.93%. Kilroy Realty’s dividend payout ratio is currently 51.15%.
In other news, President Tyler H. Rose sold 10,000 shares of Kilroy Realty stock in a transaction that occurred on Thursday, March 11th. The shares were sold at an average price of $68.31, for a total transaction of $683,100.00. Following the sale, the president now owns 153,455 shares in the company, valued at $10,482,511.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider A. Robert Paratte sold 23,595 shares of Kilroy Realty stock in a transaction that occurred on Wednesday, March 10th. The shares were sold at an average price of $68.14, for a total transaction of $1,607,763.30. Following the sale, the insider now owns 21,187 shares in the company, valued at approximately $1,443,682.18. The disclosure for this sale can be found here. Company insiders own 2.22% of the company’s stock.
Institutional investors and hedge funds have recently bought and sold shares of the company. Envestnet Asset Management Inc. increased its stake in shares of Kilroy Realty by 18.9% in the first quarter. Envestnet Asset Management Inc. now owns 17,867 shares of the real estate investment trust’s stock worth $1,173,000 after buying an additional 2,837 shares during the last quarter. Aew Capital Management L P bought a new stake in shares of Kilroy Realty in the first quarter worth $43,007,000. Treasurer of the State of North Carolina increased its stake in shares of Kilroy Realty by 0.9% in the first quarter. Treasurer of the State of North Carolina now owns 42,612 shares of the real estate investment trust’s stock worth $2,797,000 after buying an additional 370 shares during the last quarter. State of Michigan Retirement System increased its stake in shares of Kilroy Realty by 2.6% in the first quarter. State of Michigan Retirement System now owns 39,238 shares of the real estate investment trust’s stock worth $2,575,000 after buying an additional 1,000 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kilroy Realty by 17.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 52,111 shares of the real estate investment trust’s stock worth $3,420,000 after buying an additional 7,695 shares during the last quarter. Institutional investors own 94.74% of the company’s stock.
Kilroy Realty Company Profile
Kilroy Realty Corporation (NYSE: KRC, the ÂcompanyÂ, ÂKRCÂ) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.
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