Kilroy Realty Corporation (KRC) to Issue Quarterly Dividend of $0.54 on October 14th

Kilroy Realty Corporation (NYSE:KRC) declared a quarterly dividend on Tuesday, September 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of 0.54 per share by the real estate investment trust on Wednesday, October 14th. This represents a c) annualized dividend and a dividend yield of 6.3%. The ex-dividend date is Wednesday, September 30th.

Kilroy Realty has raised its dividend by an average of 0.0%per year over the last three years. Kilroy Realty has a dividend 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 analysts expect Kilroy Realty to earn $3.30 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 65.5%.

Kilroy Realty Stock Performance

Shares of KRC opened at $34.42 on Thursday. The company has a quick ratio of 2.65, a current ratio of 2.65 and a debt-to-equity ratio of 0.83. Kilroy Realty has a 52-week low of $27.36 and a 52-week high of $45.03. The company has a market capitalization of $4.00 billion, a PE ratio of 24.24 and a beta of 1.11. The company has a 50-day simple moving average of $37.48 and a 200-day simple moving average of $34.64.

Kilroy Realty (NYSE:KRC) last posted its quarterly earnings data on Monday, July 27th. The real estate investment trust reported $0.17 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.73). Kilroy Realty had a net margin of 15.47% and a return on equity of 3.04%. The company had revenue of $272.37 million for the quarter, compared to analyst estimates of $267.39 million. During the same period in the previous year, the business earned $1.13 EPS. The firm’s revenue was down 6.0% on a year-over-year basis. Kilroy Realty has set its FY 2026 guidance at 3.490-3.630 EPS. Equities research analysts predict that Kilroy Realty will post 3.59 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Kilroy Realty news, Director Jolie Hunt sold 15,800 shares of the firm’s stock in a transaction that occurred on Monday, June 29th. The stock was sold at an average price of $37.79, for a total transaction of $597,082.00. Following the completion of the sale, the director owned 13,892 shares in the company, valued at $524,978.68. This trade represents a 53.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.83% of the company’s stock.

Institutional Trading of Kilroy Realty

Institutional investors have recently added to or reduced their stakes in the stock. Junto Capital Management LP bought a new position in Kilroy Realty during the 2nd quarter valued at $16,612,000. Sequoia Financial Advisors LLC increased its position in shares of Kilroy Realty by 125.2% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 29,083 shares of the real estate investment trust’s stock worth $1,090,000 after purchasing an additional 16,169 shares during the last quarter. Tidal Investments LLC bought a new stake in shares of Kilroy Realty in the 2nd quarter worth about $760,000. Engineers Gate Manager LP raised its stake in shares of Kilroy Realty by 118.8% in the 2nd quarter. Engineers Gate Manager LP now owns 44,180 shares of the real estate investment trust’s stock valued at $1,655,000 after purchasing an additional 23,990 shares in the last quarter. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Kilroy Realty during the second quarter worth about $105,000. 94.22% of the stock is owned by institutional investors and hedge funds.

About Kilroy Realty

Kilroy Realty Corporation (NYSE: KRC) is a real estate investment trust that owns, develops, acquires and manages office, life science and mixed-use properties. Its portfolio is concentrated in high-demand technology and innovation markets, with properties designed to serve businesses in sectors such as technology, media, entertainment and life sciences.

The company’s operations are primarily focused on coastal markets in the western United States, including the San Francisco Bay Area, Greater Los Angeles and San Diego, as well as the Pacific Northwest.