Kilroy Realty Co. (NYSE:KRC) Announces Dividend Increase – $0.52 Per Share

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Monday, September 13th, Zacks reports. Stockholders of record on Thursday, September 30th will be paid a dividend of 0.52 per share by the real estate investment trust on Wednesday, October 13th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.18%. The ex-dividend date of this dividend is Wednesday, September 29th. This is an increase from Kilroy Realty’s previous quarterly dividend of $0.50.

KRC opened at $65.35 on Wednesday. The stock has a market capitalization of $7.61 billion, a price-to-earnings ratio of 11.57, a PEG ratio of 2.37 and a beta of 0.83. The company has a fifty day moving average of $67.37 and a 200 day moving average of $68.18. Kilroy Realty has a fifty-two week low of $45.28 and a fifty-two week high of $74.05. The company has a debt-to-equity ratio of 0.69, a quick ratio of 3.18 and a current ratio of 3.18.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Tuesday, July 27th. The real estate investment trust reported $0.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.22 by $0.08. Kilroy Realty had a net margin of 71.92% and a return on equity of 12.06%. On average, equities research analysts forecast that Kilroy Realty will post 3.78 earnings per share for the current year.

Several research firms recently weighed in on KRC. Wolfe Research began coverage on shares of Kilroy Realty in a research note on Monday, June 14th. They set an “outperform” rating and a $88.00 target price for the company. Deutsche Bank Aktiengesellschaft raised their target price on shares of Kilroy Realty from $60.00 to $65.00 and gave the company a “sell” rating in a research note on Friday, June 25th. Zacks Investment Research raised shares of Kilroy Realty from a “sell” rating to a “hold” rating in a research note on Wednesday, July 14th. Finally, Mizuho assumed coverage on shares of Kilroy Realty in a research report on Wednesday, July 14th. They set a “neutral” rating and a $71.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of $70.27.

Kilroy Realty Company Profile

Kilroy Realty Corp. engages in the development, acquisition, and management of office and mixed-use real estate assets. It owns, develops, acquires and manages real estate assets, consisting primarily of Class A 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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Dividend History for Kilroy Realty (NYSE:KRC)

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