$180.92 Million in Sales Expected for Kilroy Realty Corp (KRC) This Quarter
Brokerages expect Kilroy Realty Corp (NYSE:KRC) to post $180.92 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for Kilroy Realty’s earnings. The highest sales estimate is $184.20 million and the lowest is $178.66 million. Kilroy Realty reported sales of $179.31 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 0.9%. The firm is scheduled to announce its next earnings results on Wednesday, April 25th.
On average, analysts expect that Kilroy Realty will report full year sales of $180.92 million for the current year, with estimates ranging from $705.76 million to $746.10 million. For the next year, analysts expect that the firm will report sales of $788.62 million per share, with estimates ranging from $733.85 million to $839.45 million. Zacks’ sales averages are an average based on a survey of sell-side research firms that that provide coverage for Kilroy Realty.
Kilroy Realty (NYSE:KRC) last released its earnings results on Wednesday, January 31st. The real estate investment trust reported $0.85 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.85. Kilroy Realty had a return on equity of 4.22% and a net margin of 22.90%. The firm had revenue of $177.56 million during the quarter, compared to analysts’ expectations of $176.64 million. During the same period in the previous year, the firm posted $0.87 EPS. Kilroy Realty’s revenue for the quarter was up 5.3% on a year-over-year basis.
Kilroy Realty (KRC) opened at $68.38 on Friday. Kilroy Realty has a one year low of $62.91 and a one year high of $78.33. The company has a market capitalization of $6,730.00, a price-to-earnings ratio of 45.28, a P/E/G ratio of 2.60 and a beta of 0.69. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 0.59.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 18th. Stockholders of record on Thursday, March 29th will be given a dividend of $0.425 per share. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.70 annualized dividend and a dividend yield of 2.49%. Kilroy Realty’s dividend payout ratio is currently 112.58%.
Large investors have recently added to or reduced their stakes in the company. Canada Pension Plan Investment Board acquired a new position in shares of Kilroy Realty during the 3rd quarter worth about $12,425,000. Honeywell International Inc. boosted its position in shares of Kilroy Realty by 27.7% during the 3rd quarter. Honeywell International Inc. now owns 34,339 shares of the real estate investment trust’s stock worth $2,442,000 after acquiring an additional 7,459 shares in the last quarter. APG Asset Management US Inc. boosted its position in shares of Kilroy Realty by 13.2% during the 4th quarter. APG Asset Management US Inc. now owns 861,205 shares of the real estate investment trust’s stock worth $64,289,000 after acquiring an additional 100,705 shares in the last quarter. Kemper Corp Master Retirement Trust boosted its position in shares of Kilroy Realty by 66.7% during the 3rd quarter. Kemper Corp Master Retirement Trust now owns 4,000 shares of the real estate investment trust’s stock worth $284,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Kilroy Realty by 12.6% in the 3rd quarter. Janus Henderson Group PLC now owns 64,410 shares of the real estate investment trust’s stock valued at $4,581,000 after purchasing an additional 7,200 shares during the period. 96.40% of the stock is owned by institutional investors and hedge funds.
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.
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