Kilroy Realty (NYSE:KRC) Updates FY24 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY24 earnings guidance on Monday morning. The company provided EPS guidance of $4.38-4.44 for the period, compared to the consensus EPS estimate of $4.28. Kilroy Realty also updated its FY 2024 guidance to 4.380-4.440 EPS.

Analysts Set New Price Targets

KRC has been the subject of a number of research analyst reports. Barclays raised their price objective on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday. Wells Fargo & Company decreased their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Wednesday, September 11th. Evercore ISI boosted their price target on shares of Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday. Finally, Scotiabank reduced their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a research note on Wednesday, August 7th. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Kilroy Realty has a consensus rating of “Hold” and an average target price of $39.43.

Kilroy Realty Stock Down 0.6 %

Shares of NYSE KRC traded down $0.25 on Thursday, reaching $40.52. 473,047 shares of the company’s stock traded hands, compared to its average volume of 1,055,752. Kilroy Realty has a 12 month low of $27.39 and a 12 month high of $43.78. The company has a quick ratio of 3.61, a current ratio of 3.61 and a debt-to-equity ratio of 0.91. The company has a market cap of $4.76 billion, a price-to-earnings ratio of 23.43 and a beta of 1.04. The business’s 50 day simple moving average is $38.36 and its two-hundred day simple moving average is $35.14.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing analysts’ consensus estimates of $1.04 by ($0.60). The firm had revenue of $289.94 million for the quarter, compared to analysts’ expectations of $275.77 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company’s quarterly revenue was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.12 EPS. As a group, equities research analysts forecast that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a yield of 5.33%. Kilroy Realty’s dividend payout ratio (DPR) is 124.14%.

Insider Buying and Selling

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares in the company, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the completion of the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of the business’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

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.