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

Kilroy Realty (NYSE:KRC - Get Free Report) 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.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on KRC shares. KeyCorp lowered their target price on shares of Kilroy Realty from $45.00 to $42.00 and set an "overweight" rating on the stock in a research note on Tuesday, July 2nd. Scotiabank lowered their price objective on Kilroy Realty from $41.00 to $38.00 and set a "sector perform" rating on the stock in a research note on Wednesday, August 7th. Barclays increased 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. Evercore ISI boosted their price target on Kilroy Realty from $38.00 to $40.00 and gave the company an "in-line" rating in a research note on Monday, September 16th. Finally, Wells Fargo & Company lowered their price target on Kilroy Realty from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Wednesday, September 11th. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $39.29.

Kilroy Realty Price Performance

NYSE KRC traded up $0.21 during trading hours on Monday, reaching $41.63. 930,241 shares of the company's stock were exchanged, compared to its average volume of 1,052,682. The firm has a fifty day moving average of $37.95 and a 200-day moving average of $34.99. Kilroy Realty has a one year low of $27.39 and a one year high of $43.78. The stock has a market cap of $4.89 billion, a PE ratio of 24.16 and a beta of 1.04. The company has a current ratio of 3.61, a quick ratio of 3.61 and a debt-to-equity ratio of 0.91.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its earnings results on Wednesday, July 31st. The real estate investment trust reported $0.41 EPS for the quarter, missing the consensus estimate of $1.08 by ($0.67). The business had revenue of $280.73 million for the quarter, compared to the consensus estimate of $276.81 million. Kilroy Realty had a return on equity of 3.52% and a net margin of 17.91%. Kilroy Realty's revenue for the quarter was down 1.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.19 EPS. On average, equities research analysts predict that Kilroy Realty will post 4.25 earnings per share for the current fiscal year.

Kilroy Realty Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 9th. Shareholders of record on Monday, September 30th were paid a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a dividend yield of 5.19%. The ex-dividend date of this dividend was Monday, September 30th. Kilroy Realty's dividend payout ratio is presently 124.14%.

Insider Activity

In related news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the chief accounting officer now owns 26,401 shares in the company, valued at $1,033,335.14. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Kilroy Realty news, CAO Merryl Elizabeth Werber sold 3,000 shares of the business's stock in a transaction dated Wednesday, September 18th. The stock was sold at an average price of $39.14, for a total transaction of $117,420.00. Following the completion of the sale, the chief accounting officer now directly owns 26,401 shares of the company's stock, valued at approximately $1,033,335.14. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP John Osmond sold 2,628 shares of the firm'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 completion of the transaction, the executive vice president now directly owns 8,818 shares in the company, valued at $352,720. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 2.49% of the stock is owned by insiders.

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.

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