Kilroy Realty Corp (NYSE:KRC) declared a quarterly dividend on Wednesday, September 11th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.485 per share by the real estate investment trust on Wednesday, October 16th. This represents a $1.94 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Friday, September 27th.
Kilroy Realty has raised its dividend payment by an average of 18.8% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Kilroy Realty has a dividend payout ratio of 54.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Kilroy Realty to earn $4.04 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 48.0%.
NYSE KRC opened at $77.34 on Friday. Kilroy Realty has a one year low of $59.05 and a one year high of $80.66. The company’s 50 day moving average price is $77.98 and its 200 day moving average price is $76.38. The company has a debt-to-equity ratio of 0.76, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $7.77 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.81 and a beta of 0.78.
Several research analysts recently commented on the stock. Robert W. Baird set a $91.00 price target on shares of Kilroy Realty and gave the company a “buy” rating in a report on Wednesday, August 21st. Zacks Investment Research downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. ValuEngine downgraded shares of Kilroy Realty from a “buy” rating to a “hold” rating in a research report on Thursday, August 1st. Finally, BMO Capital Markets set a $81.00 price objective on shares of Kilroy Realty and gave the company a “buy” rating in a research report on Wednesday, July 24th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average price target of $82.57.
In other news, CAO Merryl Elizabeth Werber sold 1,500 shares of the firm’s stock in a transaction that occurred on Wednesday, June 19th. The shares were sold at an average price of $78.00, for a total transaction of $117,000.00. Following the completion of the sale, the chief accounting officer now owns 8,120 shares of the company’s stock, valued at $633,360. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.26% of the stock is currently owned by company insiders.
Kilroy Realty Company Profile
Kilroy Realty Corporation (KRC), a publicly traded real estate investment trust and member of the S&P MidCap 400 Index, is one of the West Coast's premier landlords. The company has over 70 years of experience developing, acquiring and managing office and mixed-use real estate assets. The company provides physical work environments that foster creativity and productivity and serves a broad roster of dynamic, innovation-driven tenants, including technology, entertainment, digital media and health care companies.
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