Kilroy Realty (NYSE:KRC) Issues FY 2024 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share (EPS) guidance of 4.380-4.440 for the period, compared to the consensus estimate of 4.270. The company issued revenue guidance of -. Kilroy Realty also updated its FY24 guidance to $4.38-4.44 EPS.

Analysts Set New Price Targets

A number of analysts recently commented on KRC shares. Barclays upped their price objective on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday. Evercore ISI upped their price target on shares of Kilroy Realty from $38.00 to $40.00 and gave the company an “in-line” rating in a research report on Monday, September 16th. KeyCorp lowered their price objective on shares of Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating on the stock in a research note on Tuesday, July 2nd. Wells Fargo & Company cut their target price 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. Finally, Scotiabank decreased their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Kilroy Realty has an average rating of “Hold” and an average price target of $39.29.

Kilroy Realty Stock Performance

NYSE KRC traded up $0.21 on Monday, reaching $41.63. 930,241 shares of the stock were exchanged, compared to its average volume of 1,052,682. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91. Kilroy Realty has a one year low of $27.39 and a one year high of $43.78. The firm has a market capitalization of $4.89 billion, a PE ratio of 24.16 and a beta of 1.04. The company’s 50-day simple moving average is $37.95 and its two-hundred day simple moving average is $34.99.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. During the same quarter in the previous year, the business earned $1.19 earnings per share. The firm’s revenue for the quarter was down 1.2% on a year-over-year basis. Analysts expect that Kilroy Realty will post 4.25 EPS for the current fiscal year.

Kilroy Realty Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were given a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.19%. Kilroy Realty’s payout ratio is 124.14%.

Insider Transactions at Kilroy Realty

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