Kilroy Realty Co. (KRC) to Issue Quarterly Dividend of $0.54 on January 8th

Kilroy Realty Co. (NYSE:KRC) declared a quarterly dividend on Thursday, December 5th,RTT News reports. Shareholders of record on Tuesday, December 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, January 8th. This represents a $2.16 dividend on an annualized basis and a yield of 5.26%. The ex-dividend date of this dividend is Tuesday, December 31st.

Kilroy Realty has increased its dividend by an average of 3.1% annually over the last three years. Kilroy Realty has a dividend payout ratio of 161.2% 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 $4.19 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 51.6%.

Kilroy Realty Stock Performance

Shares of KRC stock opened at $41.08 on Friday. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78. The company’s fifty day simple moving average is $40.75 and its 200-day simple moving average is $37.26. The firm has a market cap of $4.85 billion, a PE ratio of 24.60 and a beta of 1.03. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.89.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). The business had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. Kilroy Realty had a return on equity of 3.53% and a net margin of 17.78%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same period last year, the firm earned $1.12 earnings per share. Equities research analysts expect that Kilroy Realty will post 4.41 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Evercore ISI boosted their price target on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a research report on Wednesday, October 30th. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their target price for the company from $45.00 to $49.00 in a report on Friday, December 20th. Wells Fargo & Company reduced their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Barclays upped their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday, October 28th. Finally, Scotiabank lowered shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research report on Thursday, November 14th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $40.63.

Insiders Place Their Bets

In other news, insider Heidi Rena Roth sold 12,000 shares of the business’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total transaction of $507,360.00. Following the completion of the transaction, the insider now owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. The trade was a 19.29 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 2.49% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.