Kilroy Realty Co. (NYSE:KRC) Plans $0.54 Quarterly Dividend

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Investors of record on Monday, March 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, April 9th. This represents a $2.16 dividend on an annualized basis and a yield of 6.34%.

Kilroy Realty has raised its dividend payment by an average of 1.9% annually over the last three years. Kilroy Realty has a payout ratio of 187.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Kilroy Realty to earn $4.15 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 52.0%.

Kilroy Realty Price Performance

NYSE:KRC traded up $0.78 during trading hours on Tuesday, reaching $34.05. The company had a trading volume of 1,505,192 shares, compared to its average volume of 1,444,300. Kilroy Realty has a one year low of $30.71 and a one year high of $43.78. The company has a quick ratio of 2.21, a current ratio of 2.21 and a debt-to-equity ratio of 0.82. The stock has a 50-day moving average of $37.99 and a two-hundred day moving average of $38.44. The firm has a market capitalization of $4.02 billion, a PE ratio of 19.23 and a beta of 1.02.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Analysts forecast that Kilroy Realty will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on KRC shares. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $44.00 price target on shares of Kilroy Realty in a report on Monday, February 10th. Barclays decreased their price objective on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and boosted their target price for the stock from $45.00 to $49.00 in a research note on Friday, December 20th. The Goldman Sachs Group decreased their price target on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a research note on Thursday, February 20th. Finally, Jefferies Financial Group cut shares of Kilroy Realty from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $41.27.

About Kilroy Realty

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.