Kilroy Realty Corp (NYSE:KRC) Expected to Post Earnings of $0.92 Per Share

Wall Street brokerages expect Kilroy Realty Corp (NYSE:KRC) to announce earnings of $0.92 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have issued estimates for Kilroy Realty’s earnings, with estimates ranging from $0.91 to $0.94. Kilroy Realty reported earnings per share of $0.90 during the same quarter last year, which would suggest a positive year-over-year growth rate of 2.2%. The business is scheduled to issue its next earnings report on Wednesday, October 23rd.

On average, analysts expect that Kilroy Realty will report full year earnings of $3.74 per share for the current year, with EPS estimates ranging from $3.73 to $3.75. For the next year, analysts anticipate that the company will report earnings of $4.04 per share, with EPS estimates ranging from $3.97 to $4.12. Zacks’ earnings per share calculations are an average based on a survey of sell-side research analysts that that provide coverage for Kilroy Realty.

Several equities analysts have issued reports on KRC shares. ValuEngine downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Zacks Investment Research downgraded Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, BMO Capital Markets set a $81.00 target price on Kilroy Realty and gave the stock a “buy” rating in a research report on Wednesday, July 24th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Kilroy Realty presently has an average rating of “Buy” and a consensus price target of $81.86.

KRC traded up $1.29 during trading on Friday, hitting $78.57. The company’s stock had a trading volume of 344,200 shares, compared to its average volume of 590,325. The firm’s 50 day moving average price is $77.13 and its two-hundred day moving average price is $75.75. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. Kilroy Realty has a 12 month low of $59.05 and a 12 month high of $80.66. The stock has a market capitalization of $7.93 billion, a price-to-earnings ratio of 22.58, a price-to-earnings-growth ratio of 2.76 and a beta of 0.77.

In other news, CAO Merryl Elizabeth Werber sold 1,500 shares of the business’s stock in a transaction on Wednesday, June 19th. The stock was sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the chief accounting officer now owns 8,120 shares in the company, valued at $633,360. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Jolie A. Hunt sold 4,434 shares of the business’s stock in a transaction on Wednesday, June 5th. The stock was sold at an average price of $75.02, for a total value of $332,638.68. Following the sale, the director now owns 4,099 shares of the company’s stock, valued at approximately $307,506.98. The disclosure for this sale can be found here. Insiders own 2.26% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in KRC. Dimensional Fund Advisors LP boosted its stake in Kilroy Realty by 2.5% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,549,423 shares of the real estate investment trust’s stock worth $97,425,000 after buying an additional 37,787 shares during the period. Geode Capital Management LLC boosted its stake in Kilroy Realty by 8.5% during the fourth quarter. Geode Capital Management LLC now owns 1,268,134 shares of the real estate investment trust’s stock worth $79,740,000 after buying an additional 99,860 shares during the period. Meeder Asset Management Inc. purchased a new position in Kilroy Realty during the first quarter worth about $440,000. Nisa Investment Advisors LLC boosted its stake in Kilroy Realty by 20.1% during the first quarter. Nisa Investment Advisors LLC now owns 28,085 shares of the real estate investment trust’s stock worth $2,133,000 after buying an additional 4,710 shares during the period. Finally, Strs Ohio boosted its stake in Kilroy Realty by 196.0% during the first quarter. Strs Ohio now owns 452,496 shares of the real estate investment trust’s stock worth $34,371,000 after buying an additional 299,619 shares during the period. Institutional investors own 96.67% of the company’s stock.

Kilroy Realty Company Profile

Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.

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

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