Kilroy Realty Corp (KRC) To Go Ex-Dividend on December 28th

Kilroy Realty Corp (NYSE:KRC) declared a quarterly dividend on Tuesday, December 12th, RTT News reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.425 per share by the real estate investment trust on Friday, January 12th. This represents a $1.70 annualized dividend and a yield of 2.31%. The ex-dividend date of this dividend is Thursday, December 28th.

Kilroy Realty has increased its dividend by an average of 1.2% per year over the last three years. Kilroy Realty has a dividend payout ratio of 48.3% meaning its dividend is sufficiently covered by earnings. Analysts expect Kilroy Realty to earn $3.72 per share next year, which means the company should continue to be able to cover its $1.70 annual dividend with an expected future payout ratio of 45.7%.

Shares of Kilroy Realty (NYSE KRC) opened at $73.57 on Friday. Kilroy Realty has a 12 month low of $67.00 and a 12 month high of $78.33. The firm has a market capitalization of $7,175.02, a price-to-earnings ratio of 48.40, a PEG ratio of 2.87 and a beta of 0.79. The company has a quick ratio of 1.85, a current ratio of 1.85 and a debt-to-equity ratio of 0.63.

Kilroy Realty (NYSE:KRC) last announced its earnings results on Wednesday, October 25th. The real estate investment trust reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.19). Kilroy Realty had a net margin of 23.77% and a return on equity of 4.44%. The business had revenue of $181.50 million during the quarter, compared to analyst estimates of $179.03 million. During the same quarter last year, the business posted $0.92 earnings per share. The business’s quarterly revenue was up 7.8% compared to the same quarter last year. sell-side analysts predict that Kilroy Realty will post 3.52 EPS for the current year.

KRC has been the topic of a number of recent analyst reports. Goldman Sachs Group initiated coverage on Kilroy Realty in a report on Tuesday, September 19th. They set a “neutral” rating and a $70.00 target price on the stock. Zacks Investment Research cut Kilroy Realty from a “hold” rating to a “sell” rating in a report on Wednesday, October 4th. Stifel Nicolaus restated a “buy” rating and set a $77.00 target price on shares of Kilroy Realty in a report on Thursday, September 21st. KeyCorp restated a “hold” rating on shares of Kilroy Realty in a report on Friday, August 25th. Finally, J P Morgan Chase & Co cut Kilroy Realty from an “overweight” rating to a “neutral” rating and set a $79.00 price objective on the stock. in a report on Friday, December 15th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. Kilroy Realty has a consensus rating of “Hold” and a consensus price target of $77.63.

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About Kilroy Realty

Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A properties in the coastal regions of Los Angeles, Orange County, San Diego County, the San Francisco Bay Area and Greater Seattle.

Dividend History for Kilroy Realty (NYSE:KRC)

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