Kilroy Realty Co. (NYSE:KRC) Announces Quarterly Dividend of $0.54

Kilroy Realty Co. (NYSE:KRC - Get Free Report) declared a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, April 9th. This represents a $2.16 annualized dividend and a dividend yield of 6.05%. The ex-dividend date of this dividend is Monday, March 31st.

Kilroy Realty has increased its dividend payment by an average of 1.9% per year over the last three years. Kilroy Realty has a dividend payout ratio of 187.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Kilroy Realty to earn $4.15 per share next year, which means the company should continue to be able to cover its $2.16 annual dividend with an expected future payout ratio of 52.0%.

Kilroy Realty Price Performance

Shares of NYSE KRC traded up $0.17 during mid-day trading on Friday, reaching $35.72. The company had a trading volume of 1,712,274 shares, compared to its average volume of 1,442,092. The company has a 50-day moving average price of $37.59 and a two-hundred day moving average price of $38.41. The stock has a market cap of $4.22 billion, a PE ratio of 20.18 and a beta of 1.02. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82. Kilroy Realty has a 1-year low of $30.71 and a 1-year high of $43.78.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, topping analysts' consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. On average, equities analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

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Insider Transactions at Kilroy Realty

In other news, CEO Angela M. Aman purchased 2,797 shares of the company's stock in a transaction on Friday, February 28th. The shares were purchased at an average price of $35.45 per share, with a total value of $99,153.65. Following the purchase, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at $99,153.65. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 2.49% of the stock is currently owned by insiders.

Analyst Ratings Changes

KRC has been the subject of a number of recent analyst reports. Mizuho reaffirmed a "neutral" rating and issued a $43.00 price objective (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. The Goldman Sachs Group reduced their price target on Kilroy Realty from $48.00 to $42.00 and set a "buy" rating for the company in a report on Thursday, February 20th. Jefferies Financial Group lowered shares of Kilroy Realty from a "buy" rating to a "hold" rating and cut their target price for the stock from $45.00 to $41.00 in a research report on Thursday, January 2nd. Scotiabank lowered Kilroy Realty from a "sector perform" rating to a "sector underperform" rating and set a $38.00 target price for the company. in a research note on Thursday, November 14th. Finally, Royal Bank of Canada reaffirmed a "sector perform" rating and set a $44.00 price target on shares of Kilroy Realty in a report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average price target of $41.45.

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.