Kilroy Realty Corporation (KRC) To Go Ex-Dividend on September 30th

Kilroy Realty Corporation (NYSE:KRC) declared a quarterly dividend on Tuesday, September 16th, RTT News reports. Shareholders 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 yield of 4.9%. The ex-dividend date is Tuesday, September 30th.

Kilroy Realty has a payout ratio of 284.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research 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 Price Performance

NYSE:KRC opened at $43.72 on Thursday. Kilroy Realty has a 12-month low of $27.07 and a 12-month high of $44.89. The company’s 50-day moving average is $39.29 and its two-hundred day moving average is $35.17. The company has a current ratio of 2.35, a quick ratio of 2.35 and a debt-to-equity ratio of 0.82. The firm has a market cap of $5.17 billion, a price-to-earnings ratio of 23.76 and a beta of 1.26.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, July 28th. The real estate investment trust reported $1.13 EPS for the quarter, beating analysts’ consensus estimates of $1.01 by $0.12. The company had revenue of $289.89 million during the quarter, compared to the consensus estimate of $268.84 million. Kilroy Realty had a net margin of 19.29% and a return on equity of 3.92%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.10 EPS. Kilroy Realty has set its FY 2025 guidance at 4.050-4.150 EPS. Research analysts expect that Kilroy Realty will post 4 EPS for the current year.

Analyst Upgrades and Downgrades

KRC has been the subject of several recent research reports. BMO Capital Markets downgraded shares of Kilroy Realty from a “market perform” rating to an “underperform” rating and set a $35.00 price objective for the company. in a research report on Wednesday, July 16th. JPMorgan Chase & Co. dropped their target price on Kilroy Realty from $42.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 2nd. Zacks Research raised Kilroy Realty to a “hold” rating in a report on Friday, August 8th. Royal Bank Of Canada increased their price target on Kilroy Realty from $39.00 to $40.00 and gave the company a “sector perform” rating in a research report on Thursday, August 7th. Finally, The Goldman Sachs Group restated a “sell” rating and set a $33.00 price objective on shares of Kilroy Realty in a research report on Thursday, August 21st. Two analysts have rated the stock with a Buy rating, eight have issued a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, Kilroy Realty has an average rating of “Hold” and an average 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.