Kilroy Realty Corporation (KRC) Expected to Announce Quarterly Sales of $180.60 Million
Wall Street analysts expect Kilroy Realty Corporation (NYSE:KRC) to report $180.60 million in sales for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for Kilroy Realty Corporation’s earnings. The lowest sales estimate is $178.71 million and the highest is $184.13 million. Kilroy Realty Corporation posted sales of $168.35 million in the same quarter last year, which would indicate a positive year over year growth rate of 7.3%. The firm is expected to report its next earnings results on Wednesday, October 25th.
According to Zacks, analysts expect that Kilroy Realty Corporation will report full year sales of $180.60 million for the current year, with estimates ranging from $718.30 million to $722.78 million. For the next year, analysts forecast that the firm will report sales of $753.61 million per share, with estimates ranging from $730.55 million to $790.22 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that cover Kilroy Realty Corporation.
Kilroy Realty Corporation (NYSE:KRC) last posted its quarterly earnings results on Wednesday, July 26th. The real estate investment trust reported $0.87 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.01. Kilroy Realty Corporation had a return on equity of 4.11% and a net margin of 21.75%. The business had revenue of $180.60 million for the quarter, compared to the consensus estimate of $178.63 million. During the same quarter in the prior year, the company earned $0.86 EPS. The business’s revenue was up 12.8% compared to the same quarter last year.
Several equities research analysts recently issued reports on KRC shares. BidaskClub upgraded Kilroy Realty Corporation from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Stifel Nicolaus reiterated a “buy” rating and issued a $80.00 price objective on shares of Kilroy Realty Corporation in a report on Thursday, July 6th. Evercore ISI upgraded Kilroy Realty Corporation from an “in-line” rating to an “outperform” rating and set a $78.00 price objective on the stock in a report on Monday, August 14th. Zacks Investment Research cut Kilroy Realty Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, August 15th. Finally, Bank of America Corporation cut Kilroy Realty Corporation from a “buy” rating to a “neutral” rating and lowered their target price for the stock from $80.00 to $77.00 in a research note on Wednesday, August 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $77.50.
Kilroy Realty Corporation (KRC) opened at 72.03 on Thursday. The stock’s 50 day moving average price is $69.34 and its 200-day moving average price is $71.98. Kilroy Realty Corporation has a 52-week low of $65.77 and a 52-week high of $78.33. The company has a market cap of $7.08 billion, a P/E ratio of 52.35 and a beta of 0.77.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 18th. Investors of record on Friday, September 29th will be paid a dividend of $0.425 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.70 annualized dividend and a yield of 2.36%. Kilroy Realty Corporation’s payout ratio is 122.30%.
TRADEMARK VIOLATION NOTICE: This story was first published by Watch List News and is the property of of Watch List News. If you are accessing this story on another publication, it was stolen and reposted in violation of international copyright & trademark laws. The correct version of this story can be viewed at https://www.watchlistnews.com/kilroy-realty-corporation-krc-expected-to-announce-quarterly-sales-of-180-60-million/1609669.html.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Perigon Wealth Management LLC acquired a new position in Kilroy Realty Corporation during the 1st quarter worth $100,000. Invictus RG acquired a new position in Kilroy Realty Corporation during the 1st quarter worth $131,000. Advisor Group Inc. grew its stake in Kilroy Realty Corporation by 27.8% during the 2nd quarter. Advisor Group Inc. now owns 1,961 shares of the real estate investment trust’s stock worth $147,000 after purchasing an additional 426 shares in the last quarter. Quantbot Technologies LP acquired a new position in Kilroy Realty Corporation during the 1st quarter worth $150,000. Finally, KCG Holdings Inc. acquired a new position in Kilroy Realty Corporation during the 1st quarter worth $218,000. 99.83% of the stock is owned by hedge funds and other institutional investors.
Kilroy Realty Corporation Company Profile
Kilroy Realty Corporation is a real estate investment trust (REIT). The Company operates through the office properties segment. It operates in office and mixed-use submarkets along the West Coast. 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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Kilroy Realty Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kilroy Realty Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.