Kilroy Realty (NYSE:KRC) Updates FY 2024 Earnings Guidance

Kilroy Realty (NYSE:KRCGet Free Report) issued an update on its FY 2024 earnings guidance on Monday morning. The company provided earnings per share guidance of 4.100-4.250 for the period, compared to the consensus earnings per share estimate of 4.320. The company issued revenue guidance of -. Kilroy Realty also updated its FY24 guidance to $4.10-4.25 EPS.

Kilroy Realty Stock Performance

KRC traded down $0.47 during midday trading on Monday, reaching $34.41. The company’s stock had a trading volume of 1,324,652 shares, compared to its average volume of 1,282,752. The stock has a market cap of $4.03 billion, a P/E ratio of 18.64, a PEG ratio of 3.17 and a beta of 1.02. The company has a fifty day simple moving average of $38.67 and a 200 day simple moving average of $34.92. The company has a current ratio of 2.57, a quick ratio of 2.57 and a debt-to-equity ratio of 0.87. Kilroy Realty has a twelve month low of $25.99 and a twelve month high of $43.37.

Kilroy Realty Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 10th. Stockholders of record on Friday, December 29th were issued a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 6.28%. The ex-dividend date of this dividend was Thursday, December 28th. Kilroy Realty’s payout ratio is presently 116.76%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the company. Jefferies Financial Group upgraded Kilroy Realty from a hold rating to a buy rating and raised their target price for the stock from $34.00 to $35.00 in a research report on Friday, October 13th. The Goldman Sachs Group cut their target price on Kilroy Realty from $45.00 to $40.00 and set a buy rating for the company in a research report on Thursday, October 12th. Deutsche Bank Aktiengesellschaft assumed coverage on Kilroy Realty in a research report on Tuesday, January 30th. They set a hold rating and a $40.00 target price for the company. Wolfe Research downgraded Kilroy Realty from an outperform rating to a peer perform rating in a research report on Friday, December 15th. Finally, Evercore ISI cut their target price on Kilroy Realty from $43.00 to $39.00 in a research report on Monday, October 9th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $39.40.

View Our Latest Stock Report on KRC

Insider Buying and Selling

In related news, EVP John Osmond sold 3,594 shares of Kilroy Realty stock in a transaction on Tuesday, December 19th. The stock was sold at an average price of $40.85, for a total transaction of $146,814.90. Following the completion of the sale, the executive vice president now directly owns 9,937 shares of the company’s stock, valued at $405,926.45. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Kilroy Realty news, insider Heidi Rena Roth sold 5,081 shares of the business’s stock in a transaction dated Thursday, December 21st. The stock was sold at an average price of $40.61, for a total value of $206,339.41. Following the completion of the transaction, the insider now directly owns 53,046 shares of the company’s stock, valued at $2,154,198.06. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Osmond sold 3,594 shares of the business’s stock in a transaction dated Tuesday, December 19th. The shares were sold at an average price of $40.85, for a total value of $146,814.90. Following the completion of the transaction, the executive vice president now directly owns 9,937 shares of the company’s stock, valued at $405,926.45. The disclosure for this sale can be found here. 1.95% of the stock is owned by insiders.

Institutional Trading of Kilroy Realty

Institutional investors have recently modified their holdings of the company. Captrust Financial Advisors bought a new stake in shares of Kilroy Realty in the second quarter valued at about $59,000. First Manhattan Co. bought a new stake in Kilroy Realty during the first quarter worth about $105,000. Lazard Asset Management LLC bought a new stake in Kilroy Realty during the fourth quarter worth about $53,000. State of Wyoming bought a new stake in Kilroy Realty during the fourth quarter worth about $98,000. Finally, Advisory Services Network LLC raised its holdings in Kilroy Realty by 344.6% during the first quarter. Advisory Services Network LLC now owns 3,223 shares of the real estate investment trust’s stock worth $104,000 after acquiring an additional 2,498 shares in the last quarter. 94.22% of the stock is currently owned by institutional investors.

About Kilroy Realty

(Get Free Report)

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, the Pacific Northwest and Austin, Texas. The company has earned global recognition for sustainability, building operations, innovation and design.

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Earnings History and Estimates for Kilroy Realty (NYSE:KRC)

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