Kilroy Realty Corporation (NYSE:KRC) Announces $0.54 Quarterly Dividend

Kilroy Realty Corporation (NYSE:KRC) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date of this dividend is Wednesday, September 30th.

Kilroy Realty has raised its dividend payment by an average of 0.0%per year over the last three years. Kilroy Realty has a dividend payout ratio of 284.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Kilroy Realty to earn $3.30 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 65.5%.

Kilroy Realty Stock Down 1.4%

KRC opened at $34.43 on Wednesday. The company has a market capitalization of $4.00 billion, a PE ratio of 24.24 and a beta of 1.11. The company has a debt-to-equity ratio of 0.83, a current ratio of 2.65 and a quick ratio of 2.65. Kilroy Realty has a fifty-two week low of $27.36 and a fifty-two week high of $45.03. The business has a 50-day moving average of $37.56 and a 200-day moving average of $34.62.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings results on Monday, July 27th. The real estate investment trust reported $0.17 EPS for the quarter, missing the consensus estimate of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The firm had revenue of $272.37 million during the quarter, compared to the consensus estimate of $267.39 million. During the same period in the previous year, the firm posted $1.13 EPS. The company’s quarterly revenue was down 6.0% compared to the same quarter last year. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts forecast that Kilroy Realty will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jolie Hunt sold 15,800 shares of the business’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $37.79, for a total value of $597,082.00. Following the completion of the sale, the director directly owned 13,892 shares in the company, valued at approximately $524,978.68. The trade was a 53.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.83% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

A number of institutional investors have recently modified their holdings of the company. Situational Awareness LP acquired a new stake in Kilroy Realty in the 4th quarter valued at approximately $49,616,000. Bank of America Corp DE increased its position in Kilroy Realty by 118.1% in the 1st quarter. Bank of America Corp DE now owns 1,621,580 shares of the real estate investment trust’s stock worth $45,745,000 after buying an additional 877,907 shares during the period. Hsbc Holdings PLC lifted its holdings in shares of Kilroy Realty by 29.1% during the first quarter. Hsbc Holdings PLC now owns 258,707 shares of the real estate investment trust’s stock worth $7,303,000 after buying an additional 58,337 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Kilroy Realty during the second quarter worth approximately $1,568,000. Finally, KBC Group NV boosted its position in shares of Kilroy Realty by 1,938.6% in the first quarter. KBC Group NV now owns 78,831 shares of the real estate investment trust’s stock valued at $2,224,000 after acquiring an additional 74,964 shares during the period. Institutional investors own 94.22% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.