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

Kilroy Realty (NYSE:KRCGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.100-4.250 for the period, compared to the consensus earnings per share estimate of 4.320. The company issued revenue guidance of -. Kilroy Realty also updated its FY24 guidance to $4.10-4.25 EPS.

Kilroy Realty Stock Performance

NYSE:KRC opened at $33.93 on Wednesday. The company has a quick ratio of 2.57, a current ratio of 2.57 and a debt-to-equity ratio of 0.87. Kilroy Realty has a fifty-two week low of $25.99 and a fifty-two week high of $43.37. The firm’s fifty day simple moving average is $38.75 and its 200-day simple moving average is $34.92. The stock has a market cap of $3.98 billion, a PE ratio of 18.85, a price-to-earnings-growth ratio of 3.13 and a beta of 1.02.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 10th. Shareholders of record on Friday, December 29th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date was Thursday, December 28th. Kilroy Realty’s payout ratio is currently 120.00%.

Analyst Ratings Changes

A number of research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Kilroy Realty from a hold rating to a buy rating and upped their target price for the company from $34.00 to $35.00 in a report on Friday, October 13th. Wolfe Research lowered shares of Kilroy Realty from an outperform rating to a peer perform rating in a research report on Friday, December 15th. The Goldman Sachs Group reduced their price target on Kilroy Realty from $45.00 to $40.00 and set a buy rating on the stock in a research note on Thursday, October 12th. Mizuho dropped their target price on Kilroy Realty from $48.00 to $40.00 and set a buy rating for the company in a research note on Wednesday, October 18th. Finally, Deutsche Bank Aktiengesellschaft began coverage on Kilroy Realty in a research note on Tuesday, January 30th. They issued a hold rating and a $40.00 price target on the stock. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of Moderate Buy and a consensus target price of $39.40.

Read Our Latest Stock Report on KRC

Insider Transactions at Kilroy Realty

In related news, EVP John Osmond sold 3,594 shares of the firm’s stock in a transaction that occurred on Tuesday, December 19th. The shares were sold at an average price of $40.85, for a total value of $146,814.90. Following the transaction, the executive vice president now owns 9,937 shares in the company, valued at $405,926.45. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In related news, EVP John Osmond sold 3,594 shares of the stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $40.85, for a total value of $146,814.90. Following the completion of the sale, the executive vice president now directly owns 9,937 shares in the company, valued at approximately $405,926.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Heidi Rena Roth sold 5,081 shares of the company’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $40.61, for a total value of $206,339.41. Following the completion of the sale, the insider now directly owns 53,046 shares of the company’s stock, valued at approximately $2,154,198.06. The disclosure for this sale can be found here. Company insiders own 1.95% of the company’s stock.

Hedge Funds Weigh In On Kilroy Realty

Several institutional investors have recently modified their holdings of the company. Nissay Asset Management Corp Japan ADV grew its holdings in Kilroy Realty by 2.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 11,098 shares of the real estate investment trust’s stock worth $429,000 after acquiring an additional 278 shares during the period. Ameritas Investment Partners Inc. grew its stake in shares of Kilroy Realty by 1.1% in the 1st quarter. Ameritas Investment Partners Inc. now owns 28,061 shares of the real estate investment trust’s stock worth $2,144,000 after purchasing an additional 298 shares during the last quarter. LPL Financial LLC raised its holdings in shares of Kilroy Realty by 7.6% in the 2nd quarter. LPL Financial LLC now owns 4,957 shares of the real estate investment trust’s stock worth $259,000 after purchasing an additional 349 shares in the last quarter. M&T Bank Corp lifted its stake 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 valued at $537,000 after purchasing an additional 359 shares during the last quarter. Finally, Cibc World Markets Corp boosted its holdings in Kilroy Realty by 0.9% during the first quarter. Cibc World Markets Corp now owns 52,878 shares of the real estate investment trust’s stock worth $4,041,000 after buying an additional 480 shares in the last quarter. Institutional investors own 94.22% of the company’s stock.

About Kilroy Realty

(Get Free Report)

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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.

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

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