Kilroy Realty (NYSE:KRC) Issues FY 2024 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.380-4.440 for the period, compared to the consensus earnings per share estimate of 4.270. The company issued revenue guidance of -. Kilroy Realty also updated its FY24 guidance to $4.38-4.44 EPS.

Kilroy Realty Stock Performance

Shares of KRC stock traded down $0.37 on Thursday, hitting $40.40. The company’s stock had a trading volume of 513,150 shares, compared to its average volume of 1,055,942. Kilroy Realty has a fifty-two week low of $27.39 and a fifty-two week high of $43.78. The stock’s 50 day moving average is $38.36 and its 200-day moving average is $35.14. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. The company has a market capitalization of $4.74 billion, a PE ratio of 23.43 and a beta of 1.04.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, October 28th. The real estate investment trust reported $0.44 earnings per share for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. The firm had revenue of $289.94 million for the quarter, compared to the consensus estimate of $275.77 million. During the same period in the prior year, the company earned $1.12 EPS. The company’s revenue for the quarter was up 2.2% compared to the same quarter last year. Equities research analysts expect that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Stockholders of record on Monday, September 30th were issued a $0.54 dividend. The ex-dividend date was Monday, September 30th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.35%. Kilroy Realty’s dividend payout ratio (DPR) is currently 124.14%.

Analyst Ratings Changes

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

Insider Transactions at Kilroy Realty

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

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.