Kilroy Realty (NYSE:KRC) Releases FY24 Earnings Guidance

Kilroy Realty (NYSE:KRC) issued an update on its FY24 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of $4.15-4.30 for the period, compared to the consensus estimate of $4.21.

Kilroy Realty Trading Up 3.2 %

Shares of NYSE:KRC traded up $1.05 during trading on Thursday, hitting $34.27. The company had a trading volume of 831,898 shares, compared to its average volume of 1,088,148. Kilroy Realty has a one year low of $25.99 and a one year high of $43.37. The company has a debt-to-equity ratio of 0.87, a current ratio of 2.65 and a quick ratio of 2.65. The stock has a market cap of $4.02 billion, a price-to-earnings ratio of 18.72, a price-to-earnings-growth ratio of 2.51 and a beta of 1.02. The company has a fifty day simple moving average of $34.98 and a two-hundred day simple moving average of $35.17.

Kilroy Realty Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Friday, March 29th were paid a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 6.30%. The ex-dividend date of this dividend was Wednesday, March 27th. Kilroy Realty’s dividend payout ratio is currently 120.00%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on KRC. Barclays began coverage on Kilroy Realty in a research note on Wednesday, March 27th. They set an equal weight rating and a $38.00 price target for the company. Deutsche Bank Aktiengesellschaft began coverage on Kilroy Realty in a research note on Tuesday, January 30th. They set a hold rating and a $40.00 price target for the company. Royal Bank of Canada lowered Kilroy Realty from an outperform rating to a sector perform rating and decreased their price target for the stock from $44.00 to $39.00 in a research note on Friday, March 8th. Finally, KeyCorp decreased their price target on Kilroy Realty from $47.00 to $45.00 and set an overweight rating for the company in a research note on Wednesday, February 28th. Seven analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, Kilroy Realty presently has an average rating of Hold and an average target price of $39.00.

Kilroy Realty Company Profile

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.