Kilroy Realty Co. (KRC) to Issue Quarterly Dividend of $0.54 on April 9th

Kilroy Realty Co. (NYSE:KRC) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, April 9th. This represents a $2.16 dividend on an annualized basis and a yield of 6.26%. The ex-dividend date is Monday, March 31st.

Kilroy Realty has raised its dividend by an average of 1.9% per year over the last three years. Kilroy Realty has a payout ratio of 187.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kilroy Realty to earn $4.15 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 52.0%.

Kilroy Realty Trading Up 1.3 %

Shares of NYSE:KRC opened at $34.52 on Thursday. The company has a 50 day moving average of $37.75 and a 200-day moving average of $38.41. The firm has a market cap of $4.08 billion, a P/E ratio of 19.50 and a beta of 1.02. Kilroy Realty has a twelve month low of $30.71 and a twelve month high of $43.78. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. As a group, analysts anticipate that Kilroy Realty will post 4 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. raised shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $49.00 in a report on Friday, December 20th. Royal Bank of Canada restated a “sector perform” rating and issued a $44.00 price objective on shares of Kilroy Realty in a research note on Monday, February 10th. Barclays upgraded shares of Kilroy Realty from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $42.00 to $44.00 in a research note on Thursday. Mizuho restated a “neutral” rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Scotiabank cut shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price objective for the company. in a research note on Thursday, November 14th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average price target of $41.45.

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.