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

Kilroy Realty Co. (NYSE:KRC) 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 yield of 6.26%.

Kilroy Realty has raised its dividend by an average of 1.9% annually over the last three years. Kilroy Realty has a 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 Trading Up 1.4 %

Shares of Kilroy Realty stock traded up $0.47 during trading hours on Wednesday, hitting $34.53. The company’s stock had a trading volume of 74,552 shares, compared to its average volume of 1,406,271. The company has a market capitalization of $4.08 billion, a PE ratio of 19.52 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.21 and a quick ratio of 2.21. The stock has a 50 day moving average of $37.99 and a 200 day moving average of $38.44. Kilroy Realty has a 12 month low of $30.71 and a 12 month high of $43.78.

Kilroy Realty (NYSE:KRC) last released its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share for the quarter, beating the consensus estimate of $1.03 by $0.17. Kilroy Realty had a net margin of 18.58% and a return on equity of 3.75%. Analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on KRC shares. Scotiabank downgraded shares of Kilroy Realty from a “sector perform” rating to a “sector underperform” rating and set a $38.00 target price on the stock. in a report on Thursday, November 14th. The Goldman Sachs Group decreased their price objective on shares of Kilroy Realty from $48.00 to $42.00 and set a “buy” rating on the stock in a report on Thursday, February 20th. Evercore ISI cut their target price on shares of Kilroy Realty from $43.00 to $41.00 and set an “in-line” rating for the company in a research note on Wednesday, February 12th. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and upped their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Finally, Barclays lowered their price target on shares of Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating on the stock in a report on Monday, February 3rd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat, Kilroy Realty currently has a consensus rating of “Hold” and an average price target of $41.27.

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.