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

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 9th. This represents a $2.16 annualized dividend and a yield of 5.57%. The ex-dividend date of this dividend is Monday, September 30th.

Kilroy Realty has a dividend payout ratio of 152.1% 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 $4.20 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 Price Performance

Shares of NYSE:KRC opened at $38.77 on Wednesday. The company has a debt-to-equity ratio of 0.91, a quick ratio of 3.61 and a current ratio of 3.61. Kilroy Realty has a 52 week low of $26.78 and a 52 week high of $43.37. The firm has a market cap of $4.55 billion, a PE ratio of 22.11 and a beta of 1.04. The firm’s fifty day moving average is $35.04 and its 200-day moving average is $34.16.

Kilroy Realty (NYSE:KRC) last announced its quarterly earnings data on Wednesday, July 31st. The real estate investment trust reported $0.41 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.08 by ($0.67). The business had revenue of $280.73 million during the quarter, compared to analyst estimates of $276.81 million. Kilroy Realty had a net margin of 17.91% and a return on equity of 3.52%. The firm’s revenue for the quarter was down 1.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.19 earnings per share. Sell-side analysts predict that Kilroy Realty will post 4.25 earnings per share for the current year.

Analysts Set New Price Targets

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

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.