Kilroy Realty Co. (KRC) To Go Ex-Dividend on December 31st

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Thursday, December 5th,RTT News reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, January 8th. This represents a $2.16 annualized dividend and a dividend yield of 5.37%. The ex-dividend date is Tuesday, December 31st.

Kilroy Realty has raised its dividend by an average of 3.1% annually over the last three years. Kilroy Realty has a payout ratio of 161.2% indicating that 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 $4.19 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 51.6%.

Kilroy Realty Stock Down 0.3 %

Shares of NYSE:KRC opened at $40.19 on Friday. Kilroy Realty has a 52 week low of $30.71 and a 52 week high of $43.78. The company has a debt-to-equity ratio of 0.89, a quick ratio of 3.08 and a current ratio of 3.08. The company’s fifty day moving average is $40.19 and its 200-day moving average is $36.36. The company has a market capitalization of $4.74 billion, a PE ratio of 24.07 and a beta of 1.03.

Kilroy Realty (NYSE:KRC) last issued its earnings results on Monday, October 28th. The real estate investment trust reported $0.44 EPS for the quarter, missing the consensus estimate of $1.04 by ($0.60). Kilroy Realty had a net margin of 17.78% and a return on equity of 3.53%. The firm had revenue of $289.94 million during the quarter, compared to analyst estimates of $275.77 million. During the same quarter in the prior year, the firm posted $1.12 EPS. The firm’s revenue for the quarter was up 2.2% on a year-over-year basis. Equities research analysts predict that Kilroy Realty will post 4.41 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on KRC. Wells Fargo & Company reduced their price target on shares of Kilroy Realty from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Wednesday, September 11th. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 price target on the stock. in a research report on Thursday, November 14th. Barclays upped their price target on shares of Kilroy Realty from $38.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Monday, October 28th. Finally, Evercore ISI boosted their price objective on Kilroy Realty from $40.00 to $41.00 and gave the stock an “in-line” rating in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $39.43.

Insider Activity

In related news, EVP John Osmond sold 2,628 shares of the stock in a transaction that occurred 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 sale, the executive vice president now directly owns 8,818 shares of the company’s stock, valued at approximately $352,720. This represents a 22.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Heidi Rena Roth sold 12,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.28, for a total value of $507,360.00. Following the transaction, the insider now directly owns 50,211 shares of the company’s stock, valued at approximately $2,122,921.08. This trade represents a 19.29 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 17,628 shares of company stock valued at $729,900 in the last ninety days. 2.49% of the stock is owned by insiders.

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.