$169.05 Million in Sales Expected for Kilroy Realty Corp (KRC) This Quarter
Equities research analysts predict that Kilroy Realty Corp (NYSE:KRC) will announce sales of $169.05 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for Kilroy Realty Corp’s earnings. The lowest sales estimate is $165.24 million and the highest is $172.19 million. Kilroy Realty Corp posted sales of $145.45 million during the same quarter last year, which suggests a positive year-over-year growth rate of 16.2%. The company is scheduled to report its next quarterly earnings report after the market closes on Wednesday, April 26th.
On average, analysts expect that Kilroy Realty Corp will report full-year sales of $169.05 million for the current fiscal year, with estimates ranging from $668.2 million to $703.58 million. For the next financial year, analysts forecast that the business will post sales of $736.14 million per share, with estimates ranging from $685.44 million to $782.48 million. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Kilroy Realty Corp.
Kilroy Realty Corp (NYSE:KRC) last announced its quarterly earnings data on Monday, February 6th. The real estate investment trust reported $0.29 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by $0.57. Kilroy Realty Corp had a net margin of 45.72% and a return on equity of 8.72%. The company had revenue of $168.65 million for the quarter, compared to analysts’ expectations of $163.31 million. During the same period in the previous year, the firm posted $0.80 earnings per share.
Several brokerages have recently issued reports on KRC. BMO Capital Markets reaffirmed a “buy” rating and issued a $82.00 target price on shares of Kilroy Realty Corp in a research note on Thursday, March 2nd. Evercore ISI lowered shares of Kilroy Realty Corp from a “hold” rating to an “underperform” rating in a research note on Friday, March 3rd. Zacks Investment Research lowered shares of Kilroy Realty Corp from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Deutsche Bank AG reaffirmed a “hold” rating and issued a $76.00 target price (down previously from $80.00) on shares of Kilroy Realty Corp in a research note on Monday, January 9th. Finally, Royal Bank of Canada lowered shares of Kilroy Realty Corp from an “outperform” rating to a “sector perform” rating and reduced their target price for the company from $82.00 to $80.00 in a research note on Tuesday, January 3rd. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company’s stock. Kilroy Realty Corp currently has an average rating of “Hold” and an average price target of $78.67.
A number of hedge funds have recently made changes to their positions in the company. Solaris Asset Management LLC bought a new stake in shares of Kilroy Realty Corp during the third quarter valued at approximately $116,000. Flinton Capital Management LLC bought a new stake in shares of Kilroy Realty Corp during the fourth quarter valued at approximately $177,000. Harvest Fund Management Co. Ltd bought a new stake in shares of Kilroy Realty Corp during the fourth quarter valued at approximately $185,000. CIBC Asset Management Inc bought a new stake in shares of Kilroy Realty Corp during the third quarter valued at approximately $201,000. Finally, Two Sigma Securities LLC bought a new stake in shares of Kilroy Realty Corp during the third quarter valued at approximately $205,000. Hedge funds and other institutional investors own 99.92% of the company’s stock.
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Shares of Kilroy Realty Corp (NYSE:KRC) traded down 0.64% on Friday, reaching $74.59. 303,460 shares of the company were exchanged. Kilroy Realty Corp has a 12 month low of $59.90 and a 12 month high of $78.33. The stock has a market capitalization of $6.95 billion, a P/E ratio of 25.11 and a beta of 0.77. The stock has a 50 day moving average price of $73.41 and a 200-day moving average price of $72.79.
The company also recently declared a quarterly dividend, which was paid on Wednesday, April 12th. Investors of record on Friday, March 31st were given a $0.375 dividend. The ex-dividend date was Wednesday, March 29th. This represents a $1.50 dividend on an annualized basis and a dividend yield of 2.01%. Kilroy Realty Corp’s dividend payout ratio is 50.34%.
Kilroy Realty Corp Company Profile
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.
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