Kilroy Realty Corporation (KRC) to Issue Quarterly Dividend of $0.54 on January 13th

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, November 10th. Shareholders of record on Thursday, December 31st will be paid a dividend of $0.54 per share by the real estate investment trust on Wednesday, January 13th. This represents a $2.16 annualized dividend and a yield of 6.0%. The ex-dividend date of this dividend is Thursday, December 31st.

Kilroy Realty has a payout ratio of 284.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kilroy Realty to earn $3.27 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 66.1%.

Kilroy Realty Stock Performance

Shares of Kilroy Realty stock opened at $36.23 on Thursday. The stock has a market cap of $4.21 billion, a PE ratio of 9.75 and a beta of 1.17. The business has a fifty day simple moving average of $35.10 and a 200-day simple moving average of $34.52. The company has a quick ratio of 1.72, a current ratio of 1.72 and a debt-to-equity ratio of 0.81. Kilroy Realty has a 12 month low of $27.36 and a 12 month high of $43.58.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.13. The business had revenue of $271.60 million for the quarter, compared to the consensus estimate of $268.02 million. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. Kilroy Realty’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.08 earnings per share. On average, sell-side analysts anticipate that Kilroy Realty will post 3.58 EPS for the current fiscal year.

Kilroy Realty Company Profile

Kilroy Realty Corporation is a real estate investment trust that owns, develops and operates office and life science properties. Its portfolio includes workplaces and research facilities designed to serve businesses in technology, media, entertainment and the life sciences. The company focuses on major coastal markets, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle, as well as Austin, Texas. Its properties include office buildings, laboratory space and mixed-use developments.