Kilroy Realty (NYSE:KRC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Kilroy Realty (NYSE:KRC - Get Free Report) issued its quarterly earnings results on Monday. The real estate investment trust reported $1.02 EPS for the quarter, missing the consensus estimate of $1.03 by ($0.01), Zacks reports. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. The company had revenue of $270.84 million for the quarter, compared to the consensus estimate of $274.90 million. During the same period in the previous year, the business posted $1.11 EPS. The business's revenue for the quarter was down 2.8% on a year-over-year basis. Kilroy Realty updated its FY 2025 guidance to 3.850-4.050 EPS.

Kilroy Realty Trading Up 1.6 %

KRC stock traded up $0.51 during mid-day trading on Friday, reaching $31.64. 1,009,079 shares of the stock traded hands, compared to its average volume of 1,231,367. Kilroy Realty has a 52-week low of $27.07 and a 52-week high of $43.78. The stock's fifty day moving average is $32.19 and its 200-day moving average is $36.54. The company has a market cap of $3.74 billion, a P/E ratio of 17.88 and a beta of 1.16. The company has a current ratio of 2.21, a quick ratio of 2.21 and a debt-to-equity ratio of 0.82.

Kilroy Realty Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 9th. Investors of record on Monday, March 31st were given a $0.54 dividend. The ex-dividend date was Monday, March 31st. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.83%. Kilroy Realty's dividend payout ratio (DPR) is 122.03%.

Insider Transactions at Kilroy Realty

In other Kilroy Realty news, CEO Angela M. Aman bought 2,797 shares of Kilroy Realty stock in a transaction dated Friday, February 28th. The stock was bought at an average price of $35.45 per share, for a total transaction of $99,153.65. Following the completion of the acquisition, the chief executive officer now directly owns 2,797 shares of the company's stock, valued at approximately $99,153.65. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP John Osmond sold 4,000 shares of the firm's stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of $35.16, for a total value of $140,640.00. Following the completion of the sale, the executive vice president now directly owns 12,528 shares of the company's stock, valued at approximately $440,484.48. This trade represents a 24.20 % decrease in their position. The disclosure for this sale can be found here. 1.57% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

KRC has been the topic of several research reports. Royal Bank of Canada dropped their price target on Kilroy Realty from $44.00 to $39.00 and set a "sector perform" rating on the stock in a research report on Monday, March 10th. Barclays raised shares of Kilroy Realty from an "equal weight" rating to an "overweight" rating and increased their target price for the stock from $42.00 to $44.00 in a report on Thursday, February 27th. JPMorgan Chase & Co. reduced their price target on shares of Kilroy Realty from $49.00 to $42.00 and set an "overweight" rating on the stock in a research report on Wednesday, April 2nd. Evercore ISI dropped their price objective on shares of Kilroy Realty from $43.00 to $41.00 and set an "in-line" rating on the stock in a research note on Wednesday, February 12th. Finally, Wells Fargo & Company downgraded Kilroy Realty from an "overweight" rating to an "equal weight" rating and decreased their target price for the company from $43.00 to $35.00 in a research note on Monday, March 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $38.82.

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.