Kilroy Realty Corporation (NYSE:KRC) to Issue $0.54 Quarterly Dividend

Key Points

• Kilroy Realty Corporation announced a quarterly dividend of $0.54 per share, set to be paid on October 8th to shareholders of record as of September 30th, reflecting a 4.9% yield.
• The company's dividend payout ratio currently stands at 284.2%, indicating that it relies on its balance sheet rather than earnings to sustain dividend payments.
• Analysts anticipate Kilroy Realty will earn $4.15 per share next year, leading to an expected future payout ratio of 52.0%, suggesting more stability in covering dividends moving forward.

Kilroy Realty Corporation (NYSE:KRC - Get Free Report) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Investors of record on Tuesday, September 30th will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 8th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Tuesday, September 30th.

Kilroy Realty has a payout ratio of 284.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Down 0.4%

Shares of NYSE:KRC traded down $0.19 during midday trading on Friday, reaching $44.25. The company had a trading volume of 2,375,728 shares, compared to its average volume of 1,364,847. The company has a debt-to-equity ratio of 0.82, a quick ratio of 2.35 and a current ratio of 2.35. Kilroy Realty has a 1-year low of $27.07 and a 1-year high of $44.89. The firm has a market cap of $5.23 billion, a price-to-earnings ratio of 24.05 and a beta of 1.26. The company has a fifty day simple moving average of $39.59 and a two-hundred day simple moving average of $35.30.

Kilroy Realty (NYSE:KRC - Get Free Report) last announced its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.01 by $0.12. The firm had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%.The business's revenue for the quarter was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts predict that Kilroy Realty will post 4 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on KRC shares. BMO Capital Markets downgraded Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 price objective on the stock. in a research note on Wednesday, July 16th. Wells Fargo & Company raised their price objective on Kilroy Realty from $33.00 to $40.00 and gave the company an "equal weight" rating in a research note on Wednesday, August 27th. Barclays reissued an "equal weight" rating and issued a $43.00 price objective on shares of Kilroy Realty in a research note on Thursday, September 4th. Mizuho cut their price objective on Kilroy Realty from $43.00 to $35.00 and set a "neutral" rating on the stock in a research note on Monday, July 14th. Finally, Evercore ISI raised their target price on Kilroy Realty from $42.00 to $46.00 and gave the company an "in-line" rating in a report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $39.45.

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.