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

Kilroy Realty Co. (NYSE:KRC - Get Free Report) announced a quarterly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 9th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.40%. The ex-dividend date of this dividend is Monday, September 30th.

Kilroy Realty has a dividend payout ratio of 152.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Kilroy Realty to earn $4.20 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 51.4%.

Kilroy Realty Stock Up 4.0 %

NYSE:KRC traded up $1.53 during mid-day trading on Wednesday, reaching $39.99. The stock had a trading volume of 2,796,146 shares, compared to its average volume of 1,034,194. The stock's 50 day simple moving average is $35.20 and its two-hundred day simple moving average is $34.20. Kilroy Realty has a 1-year low of $26.78 and a 1-year high of $43.37. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 22.98 and a beta of 1.04. The company has a debt-to-equity ratio of 0.91, a current ratio of 3.61 and a quick ratio of 3.61.

Kilroy Realty (NYSE:KRC - Get Free Report) last issued its quarterly earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share for the quarter, missing analysts' consensus estimates of $1.08 by ($0.67). Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm had revenue of $280.73 million during the quarter, compared to the consensus estimate of $276.81 million. During the same quarter last year, the firm posted $1.19 earnings per share. Kilroy Realty's revenue was down 1.2% compared to the same quarter last year. Equities analysts anticipate that Kilroy Realty will post 4.25 EPS for the current year.

Wall Street Analyst Weigh In

KRC has been the topic of a number of recent research reports. Scotiabank reduced their price target on shares of Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research report on Wednesday, August 7th. Wells Fargo & Company decreased their target price on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating for the company in a research note on Wednesday, September 11th. Deutsche Bank Aktiengesellschaft dropped their price target on Kilroy Realty from $40.00 to $34.00 and set a "hold" rating on the stock in a research report on Thursday, May 30th. Evercore ISI boosted their price objective on Kilroy Realty from $38.00 to $40.00 and gave the company an "in-line" rating in a research report on Monday. Finally, KeyCorp dropped their target price on Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a research report on Tuesday, July 2nd. Seven investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $38.40.

Insider Activity at Kilroy Realty

In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the business's stock in a transaction dated Wednesday, September 18th. The shares were sold at an average price of $40.00, for a total transaction of $105,120.00. Following the sale, the executive vice president now directly owns 8,818 shares in the company, valued at approximately $352,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Kilroy Realty news, EVP John Osmond sold 2,628 shares of the 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 completion of the transaction, the executive vice president now directly owns 8,818 shares of the company's stock, valued at approximately $352,720. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CAO Merryl Elizabeth Werber sold 3,000 shares of Kilroy Realty stock in a transaction on Wednesday, September 18th. The shares were sold at an average price of $39.14, for a total value of $117,420.00. Following the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. The disclosure for this sale can be found here. Company 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.