Equities analysts forecast that Kilroy Realty Corp (NYSE:KRC) will post $194.15 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kilroy Realty’s earnings, with estimates ranging from $189.16 million to $199.40 million. Kilroy Realty posted sales of $187.07 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.8%. The company is expected to report its next quarterly earnings report on Wednesday, July 24th.
According to Zacks, analysts expect that Kilroy Realty will report full year sales of $790.36 million for the current year, with estimates ranging from $767.68 million to $814.86 million. For the next fiscal year, analysts anticipate that the business will post sales of $851.54 million, with estimates ranging from $835.65 million to $865.81 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its earnings results on Monday, May 6th. The real estate investment trust reported $0.36 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.56). The firm had revenue of $201.20 million during the quarter, compared to analyst estimates of $190.73 million. Kilroy Realty had a net margin of 33.84% and a return on equity of 6.27%. Kilroy Realty’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 EPS.
KRC stock traded up $0.22 during midday trading on Monday, hitting $75.32. The stock had a trading volume of 485,394 shares, compared to its average volume of 527,579. The firm has a market cap of $7.77 billion, a price-to-earnings ratio of 21.64, a PEG ratio of 2.83 and a beta of 0.82. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.72. Kilroy Realty has a 1-year low of $59.05 and a 1-year high of $78.21.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 17th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.485 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.94 annualized dividend and a dividend yield of 2.58%. This is a positive change from Kilroy Realty’s previous quarterly dividend of $0.46. Kilroy Realty’s dividend payout ratio is currently 52.30%.
In other news, insider Justin William Smart sold 5,000 shares of the company’s stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $76.71, for a total transaction of $383,550.00. Following the transaction, the insider now owns 119,507 shares in the company, valued at $9,167,381.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward F. Brennan sold 3,843 shares of the company’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of $74.73, for a total transaction of $287,187.39. Following the transaction, the director now owns 18,513 shares in the company, valued at approximately $1,383,476.49. The disclosure for this sale can be found here. Insiders have sold 14,283 shares of company stock worth $1,078,465 in the last quarter. Company insiders own 2.26% of the company’s stock.
Several large investors have recently bought and sold shares of KRC. Laurel Wealth Advisors LLC bought a new stake in shares of Kilroy Realty during the fourth quarter worth about $25,000. Parallel Advisors LLC increased its position in shares of Kilroy Realty by 471.7% during the fourth quarter. Parallel Advisors LLC now owns 526 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 434 shares in the last quarter. Rockefeller Capital Management L.P. bought a new stake in shares of Kilroy Realty during the first quarter worth about $35,000. Oregon Public Employees Retirement Fund increased its position in shares of Kilroy Realty by 6,188.0% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 2,451,188 shares of the real estate investment trust’s stock worth $39,000 after acquiring an additional 2,412,206 shares in the last quarter. Finally, Hanson & Doremus Investment Management bought a new stake in shares of Kilroy Realty during the first quarter worth about $52,000. 96.67% of the stock is owned by institutional investors.
About Kilroy Realty
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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