Kilroy Realty Corporation (NYSE:KRC) – Analysts at DA Davidson dropped their Q4 2016 EPS estimates for Kilroy Realty Corporation in a research report issued on Thursday. DA Davidson analyst B. Oxford now expects that the brokerage will post earnings of $0.85 per share for the quarter, down from their previous forecast of $0.87. DA Davidson also issued estimates for Kilroy Realty Corporation’s Q1 2017 earnings at $0.83 EPS, Q2 2017 earnings at $0.85 EPS, Q4 2017 earnings at $0.91 EPS, FY2017 earnings at $3.48 EPS and FY2018 earnings at $3.81 EPS.

Kilroy Realty Corporation (NYSE:KRC) last issued its quarterly earnings data on Wednesday, October 26th. The real estate investment trust reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.87 by $0.05. Kilroy Realty Corporation had a return on equity of 8.94% and a net margin of 46.62%. The firm had revenue of $168.30 million for the quarter, compared to analyst estimates of $144.06 million. During the same period in the prior year, the firm posted $0.77 EPS. The company’s revenue for the quarter was up 18.9% on a year-over-year basis.

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KRC has been the subject of a number of other research reports. Evercore ISI cut Kilroy Realty Corporation from a “buy” rating to a “hold” rating and reduced their price objective for the company from $77.00 to $76.00 in a research note on Monday, November 28th. Zacks Investment Research cut Kilroy Realty Corporation from a “buy” rating to a “hold” rating in a research note on Thursday, November 17th. Deutsche Bank AG reissued a “hold” rating and issued a $76.00 price objective (down previously from $80.00) on shares of Kilroy Realty Corporation in a research note on Monday. Bank of America raised Kilroy Realty Corporation from a “neutral” rating to a “buy” rating and set a $81.00 price objective for the company in a research note on Friday, October 14th. Finally, Wells Fargo & Company reissued a “buy” rating and issued a $78.00 price objective on shares of Kilroy Realty Corporation in a research note on Thursday, December 1st. One investment analyst has rated the stock with a sell rating, six have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $76.57.

Shares of Kilroy Realty Corporation (NYSE:KRC) traded up 1.030% on Friday, reaching $73.055. The company’s stock had a trading volume of 294,877 shares. The firm’s 50 day moving average is $73.81 and its 200-day moving average is $70.90. The stock has a market cap of $6.74 billion, a P/E ratio of 24.748 and a beta of 0.81. Kilroy Realty Corporation has a 52-week low of $46.76 and a 52-week high of $77.54.

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 13th. Investors of record on Friday, December 30th will be issued a dividend of $0.375 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $1.50 dividend on an annualized basis and a yield of 2.07%. Kilroy Realty Corporation’s dividend payout ratio (DPR) is currently 50.68%.

In related news, COO Jeffrey C. Hawken sold 12,932 shares of Kilroy Realty Corporation stock in a transaction on Wednesday, December 7th. The stock was sold at an average price of $75.39, for a total transaction of $974,943.48. Following the sale, the chief operating officer now directly owns 404,277 shares in the company, valued at $30,478,443.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, COO Jeffrey C. Hawken sold 37,068 shares of Kilroy Realty Corporation stock in a transaction on Tuesday, December 6th. The stock was sold at an average price of $75.15, for a total value of $2,785,660.20. Following the sale, the chief operating officer now owns 404,277 shares in the company, valued at $30,381,416.55. The disclosure for this sale can be found here. Corporate insiders own 2.28% of the company’s stock.

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A number of hedge funds have recently modified their holdings of KRC. Advisors Asset Management Inc. raised its stake in shares of Kilroy Realty Corporation by 33.1% in the second quarter. Advisors Asset Management Inc. now owns 3,195 shares of the real estate investment trust’s stock worth $212,000 after buying an additional 795 shares during the period. Assetmark Inc. raised its stake in shares of Kilroy Realty Corporation by 5.2% in the second quarter. Assetmark Inc. now owns 104,859 shares of the real estate investment trust’s stock worth $6,951,000 after buying an additional 5,156 shares during the period. Neuberger Berman Group LLC raised its stake in shares of Kilroy Realty Corporation by 21.1% in the second quarter. Neuberger Berman Group LLC now owns 245,935 shares of the real estate investment trust’s stock worth $16,303,000 after buying an additional 42,910 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Kilroy Realty Corporation by 15.4% in the second quarter. PNC Financial Services Group Inc. now owns 2,777 shares of the real estate investment trust’s stock worth $184,000 after buying an additional 371 shares during the period. Finally, First Trust Advisors LP raised its stake in shares of Kilroy Realty Corporation by 11.0% in the second quarter. First Trust Advisors LP now owns 63,717 shares of the real estate investment trust’s stock worth $4,224,000 after buying an additional 6,290 shares during the period.

Kilroy Realty Corporation Company Profile

Kilroy Realty Corporation is a self-administered real estate investment trust (REIT). The Company focuses on office submarkets in the West Coast. The Company owns, develops, acquires and manages real estate assets consisting of Class A real estate 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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