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%.

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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.

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Earnings History and Estimates for Kilroy Realty Corporation (NYSE:KRC)

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