Kilroy Realty (NYSE:KRC) Releases 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 Trading Down 1.4 %

Shares of KRC stock traded down $0.57 on Tuesday, hitting $41.05. 81,197 shares of the company’s stock traded hands, compared to its average volume of 1,048,033. The stock has a market capitalization of $4.82 billion, a price-to-earnings ratio of 23.83 and a beta of 1.04. Kilroy Realty has a one year low of $27.39 and a one year high of $43.78. The company’s fifty day simple moving average is $38.09 and its 200 day simple moving average is $35.04. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61.

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

Kilroy Realty Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, October 9th. Investors of record on Monday, September 30th were paid 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 5.26%. Kilroy Realty’s payout ratio is 124.14%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Scotiabank decreased their price objective on shares of Kilroy Realty from $41.00 to $38.00 and set a “sector perform” rating for the company in a report on Wednesday, August 7th. Barclays raised their target price on Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a report on Monday. KeyCorp cut their price objective on Kilroy Realty from $45.00 to $42.00 and set an “overweight” rating for the company in a research note on Tuesday, July 2nd. Wells Fargo & Company decreased their price objective on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Finally, Evercore ISI boosted their price target on Kilroy Realty from $38.00 to $40.00 and gave the stock an “in-line” rating in a report on Monday, September 16th. Six analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $39.29.

Insider Activity

In other news, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction on Wednesday, September 18th. The stock was sold at an average price of $40.00, for a total transaction of $105,120.00. Following the transaction, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other Kilroy Realty 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 directly 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Osmond sold 2,628 shares of the company’s stock in a transaction dated Wednesday, September 18th. The stock was 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 of the company’s stock, valued at approximately $352,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 2.49% of the company’s stock.

About Kilroy Realty

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.