Kilroy Realty (NYSE:KRC) Updates FY24 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY24 earnings guidance on Monday morning. The company provided earnings per share guidance of $4.38-4.44 for the period, compared to the consensus earnings per share estimate of $4.28. Kilroy Realty also updated its FY 2024 guidance to 4.380-4.440 EPS.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Barclays raised their target price on Kilroy Realty from $38.00 to $44.00 and gave the company an “equal weight” rating in a research report on Monday. Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the company an “in-line” rating in a research report on Wednesday. Scotiabank decreased their target price on Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating on the stock in a research report on Wednesday, August 7th. Finally, Wells Fargo & Company dropped their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research note on Wednesday, September 11th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $39.43.

Kilroy Realty Stock Down 0.6 %

Shares of Kilroy Realty stock traded down $0.25 during trading hours on Thursday, hitting $40.52. The company had a trading volume of 473,047 shares, compared to its average volume of 1,055,752. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61. The company has a market cap of $4.76 billion, a P/E ratio of 23.43 and a beta of 1.04. The company’s 50-day moving average is $38.36 and its two-hundred day moving average is $35.14. Kilroy Realty has a twelve month low of $27.39 and a twelve month high of $43.78.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The company had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter last year, the firm earned $1.12 EPS. The business’s revenue was up 2.2% on a year-over-year basis. Analysts anticipate that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, September 30th. This represents a $2.16 annualized dividend and a dividend yield of 5.33%. Kilroy Realty’s dividend payout ratio is presently 124.14%.

Insider Buying and Selling at Kilroy Realty

In related news, EVP John Osmond sold 2,628 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now owns 8,818 shares in the company, valued at approximately $352,720. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total value of $117,420.00. Following the sale, the chief accounting officer now owns 26,401 shares of the company’s stock, valued at approximately $1,033,335.14. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the firm’s stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total value of $105,120.00. Following the completion of the sale, the executive vice president now owns 8,818 shares in the company, valued at $352,720. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 2.49% of the stock is currently owned by insiders.

Kilroy Realty Company Profile

Kilroy Realty Corporation (NYSE: KRC, the company, Kilroy) is a leading U.S. landlord and developer, with operations in San Diego, Greater Los Angeles, the San Francisco Bay Area, Greater Seattle and Austin. The company has earned global recognition for sustainability, building operations, innovation and design.