Kilroy Realty (NYSE:KRC) Announces Earnings Results

Key Points

• Kilroy Realty reported quarterly earnings of $1.13 per share, exceeding analysts' expectations of $1.01, indicating a positive performance for the real estate investment trust.
• The company announced a dividend of $0.54, which represents an annual yield of 5.91%, although it has a high dividend payout ratio of 128.57%.
• Several analysts have recently lowered their price targets for Kilroy Realty, with the average consensus now at $37.73, and ratings ranging from sell to buy.

Kilroy Realty (NYSE:KRC - Get Free Report) announced its earnings results on Monday. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts' consensus estimates of $1.01 by $0.12, Zacks reports. Kilroy Realty had a return on equity of 3.92% and a net margin of 19.29%. The company had revenue of $289.89 million during the quarter, compared to analysts' expectations of $268.84 million. During the same period last year, the business posted $1.10 EPS. Kilroy Realty's revenue for the quarter was up 3.3% on a year-over-year basis. Kilroy Realty updated its FY 2025 guidance to 4.050-4.150 EPS.

Kilroy Realty Stock Down 1.7%

Shares of NYSE KRC traded down $0.64 during midday trading on Friday, hitting $36.22. 445,020 shares of the company's stock were exchanged, compared to its average volume of 1,512,335. The company has a market cap of $4.28 billion, a PE ratio of 19.68 and a beta of 1.19. Kilroy Realty has a twelve month low of $27.07 and a twelve month high of $43.78. The firm's fifty day simple moving average is $35.22 and its 200-day simple moving average is $34.31. The company has a debt-to-equity ratio of 0.82, a current ratio of 2.35 and a quick ratio of 2.07.

Kilroy Realty Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 9th. Stockholders of record on Monday, June 30th were given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend was Monday, June 30th. Kilroy Realty's dividend payout ratio (DPR) is 117.39%.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. United Services Automobile Association acquired a new position in Kilroy Realty during the first quarter worth approximately $229,000. Royal Bank of Canada boosted its stake in shares of Kilroy Realty by 15.7% in the first quarter. Royal Bank of Canada now owns 59,424 shares of the real estate investment trust's stock valued at $1,947,000 after buying an additional 8,078 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Kilroy Realty by 40.2% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 62,192 shares of the real estate investment trust's stock valued at $2,037,000 after buying an additional 17,848 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Kilroy Realty by 0.9% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 152,846 shares of the real estate investment trust's stock valued at $5,007,000 after buying an additional 1,320 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in shares of Kilroy Realty by 6.5% in the first quarter. Goldman Sachs Group Inc. now owns 861,043 shares of the real estate investment trust's stock valued at $28,208,000 after buying an additional 52,333 shares in the last quarter. Institutional investors and hedge funds own 94.22% of the company's stock.

Analysts Set New Price Targets

KRC has been the subject of a number of research analyst reports. Evercore ISI raised their target price on Kilroy Realty from $35.00 to $43.00 and gave the company an "in-line" rating in a report on Wednesday. Wells Fargo & Company lowered their target price on Kilroy Realty from $35.00 to $33.00 and set an "equal weight" rating for the company in a report on Monday, May 19th. Scotiabank lowered their target price on Kilroy Realty from $38.00 to $37.00 and set a "sector underperform" rating for the company in a report on Monday, July 14th. BMO Capital Markets cut Kilroy Realty from a "market perform" rating to an "underperform" rating and set a $35.00 target price for the company. in a report on Wednesday, July 16th. Finally, JPMorgan Chase & Co. decreased their price objective on Kilroy Realty from $42.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, July 2nd. Two equities research analysts have rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $37.91.

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.