Jefferies Financial Group Weighs in on Kilroy Realty Co.’s FY2023 Earnings (NYSE:KRC)

Kilroy Realty Co. (NYSE:KRC – Get Rating) – Equities researchers at Jefferies Financial Group lowered their FY2023 earnings per share estimates for Kilroy Realty in a research report issued on Monday, January 9th. Jefferies Financial Group analyst P. Abramowitz now anticipates that the real estate investment trust will earn $4.63 per share for the year, down from their previous forecast of $4.74. Jefferies Financial Group has a “Hold” rating and a $39.00 price objective on the stock. The consensus estimate for Kilroy Realty’s current full-year earnings is $4.66 per share. Jefferies Financial Group also issued estimates for Kilroy Realty’s FY2024 earnings at $4.61 EPS and FY2025 earnings at $4.77 EPS.

Several other research analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft dropped their price objective on Kilroy Realty from $60.00 to $47.00 and set a “hold” rating for the company in a research note on Thursday, October 13th. StockNews.com initiated coverage on Kilroy Realty in a research note on Wednesday, October 12th. They issued a “hold” rating for the company. Robert W. Baird lowered Kilroy Realty from an “outperform” rating to a “neutral” rating and set a $49.00 target price for the company. in a research note on Monday, October 10th. Evercore ISI lowered their target price on Kilroy Realty from $61.00 to $59.00 and set an “in-line” rating for the company in a research note on Tuesday, September 27th. Finally, Wells Fargo & Company lowered their target price on Kilroy Realty to $46.00 in a research note on Wednesday, December 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $56.75.

Kilroy Realty Stock Performance

Kilroy Realty stock opened at $40.68 on Thursday. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.70 and a quick ratio of 1.70. The stock has a fifty day moving average price of $40.29 and a two-hundred day moving average price of $45.59. Kilroy Realty has a 52-week low of $37.15 and a 52-week high of $79.06. The firm has a market capitalization of $4.75 billion, a P/E ratio of 21.08, a P/E/G ratio of 1.51 and a beta of 0.82.

Hedge Funds Weigh In On Kilroy Realty

Several hedge funds have recently added to or reduced their stakes in KRC. Dupont Capital Management Corp boosted its holdings in Kilroy Realty by 1.2% during the second quarter. Dupont Capital Management Corp now owns 18,982 shares of the real estate investment trust’s stock worth $993,000 after buying an additional 227 shares during the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Kilroy Realty by 1.1% during the first quarter. Ameritas Investment Partners Inc. now owns 28,061 shares of the real estate investment trust’s stock worth $2,144,000 after buying an additional 298 shares during the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Kilroy Realty by 1.0% during the third quarter. Oregon Public Employees Retirement Fund now owns 30,618 shares of the real estate investment trust’s stock worth $1,289,000 after buying an additional 300 shares during the last quarter. LPL Financial LLC boosted its holdings in Kilroy Realty by 7.6% during the second quarter. LPL Financial LLC now owns 4,957 shares of the real estate investment trust’s stock worth $259,000 after buying an additional 349 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in Kilroy Realty by 2.9% during the third quarter. M&T Bank Corp now owns 12,777 shares of the real estate investment trust’s stock worth $537,000 after buying an additional 359 shares during the last quarter. Institutional investors own 89.86% of the company’s stock.

Kilroy Realty Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 11th. Investors of record on Friday, December 30th were issued a $0.54 dividend. This represents a $2.16 annualized dividend and a yield of 5.31%. The ex-dividend date was Thursday, December 29th. Kilroy Realty’s dividend payout ratio is 111.92%.

About Kilroy Realty

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Kilroy Realty Corporation (NYSE: KRC, the company, KRC) is a leading West Coast landlord and developer, with a major presence in San Diego, Greater Los Angeles, the San Francisco Bay Area, and the Pacific Northwest. The company has earned global recognition for sustainability, building operations, innovation and design.