Kilroy Realty Co. (NYSE:KRC) to Issue Quarterly Dividend of $0.54

Kilroy Realty Co. (NYSE:KRC) announced a quarterly dividend on Tuesday, February 25th, RTT News reports. Shareholders of record on Monday, March 31st will be given a dividend of 0.54 per share by the real estate investment trust on Wednesday, April 9th. This represents a $2.16 dividend on an annualized basis and a yield of 6.26%.

Kilroy Realty has increased its dividend payment by an average of 1.9% per year over the last three years. Kilroy Realty has a payout ratio of 187.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 Trading Up 1.4 %

Shares of Kilroy Realty stock traded up $0.47 during trading hours on Wednesday, reaching $34.53. The stock had a trading volume of 74,552 shares, compared to its average volume of 1,406,271. 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 has a 1 year low of $30.71 and a 1 year high of $43.78. The firm has a market capitalization of $4.08 billion, a price-to-earnings ratio of 19.52 and a beta of 1.02. The firm has a 50 day simple moving average of $37.99 and a two-hundred day simple moving average of $38.44.

Kilroy Realty (NYSE:KRC) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $1.20 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.17. Kilroy Realty had a return on equity of 3.75% and a net margin of 18.58%. As a group, equities research analysts anticipate that Kilroy Realty will post 4 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have commented on KRC. JPMorgan Chase & Co. upgraded shares of Kilroy Realty from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $49.00 in a research note on Friday, December 20th. Barclays cut their price objective on Kilroy Realty from $43.00 to $42.00 and set an “equal weight” rating for the company in a research report on Monday, February 3rd. Jefferies Financial Group lowered shares of Kilroy Realty from a “buy” rating to a “hold” rating and decreased their target price for the company from $45.00 to $41.00 in a research note on Thursday, January 2nd. Mizuho reissued a “neutral” rating and issued a $43.00 price target (down previously from $45.00) on shares of Kilroy Realty in a research note on Tuesday, January 7th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $44.00 target price on shares of Kilroy Realty in a research report on Monday, February 10th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.27.

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.