Kilroy Realty Corporation (NYSE:KRC) Shareholders to Collect $0.54 Quarterly Dividend

Kilroy Realty Corporation (NYSE:KRC) announced a quarterly dividend on Tuesday, November 10th. Stockholders of record on Thursday, December 31st will be paid a dividend of $0.54 per share by the real estate investment trust on Wednesday, January 13th. This represents a $2.16 annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, December 31st.

Kilroy Realty has a 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. Analysts expect Kilroy Realty to earn $3.27 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 66.1%.

Kilroy Realty Stock Down 0.6%

NYSE:KRC traded down $0.20 during midday trading on Wednesday, reaching $35.69. The company had a trading volume of 62,227 shares, compared to its average volume of 1,730,979. The firm has a market capitalization of $4.15 billion, a price-to-earnings ratio of 148.69 and a beta of 1.17. The stock’s fifty day simple moving average is $35.10 and its 200-day simple moving average is $34.52. Kilroy Realty has a 12-month low of $27.36 and a 12-month high of $43.58. The company has a current ratio of 1.72, a quick ratio of 1.72 and a debt-to-equity ratio of 0.81.

Kilroy Realty (NYSE:KRC) last issued its quarterly earnings results on Thursday, October 22nd. The real estate investment trust reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. Kilroy Realty had a return on equity of 0.52% and a net margin of 2.63%. The company had revenue of $271.60 million for the quarter, compared to the consensus estimate of $268.02 million. During the same quarter in the prior year, the business earned $1.08 EPS. Kilroy Realty’s revenue was down 2.9% on a year-over-year basis. On average, sell-side analysts anticipate that Kilroy Realty will post 3.58 earnings per share for the current fiscal year.

About Kilroy Realty

Kilroy Realty Corporation is a real estate investment trust that owns, develops and operates office and life science properties. Its portfolio includes workplaces and research facilities designed to serve businesses in technology, media, entertainment and the life sciences. The company focuses on major coastal markets, including the San Francisco Bay Area, Los Angeles, San Diego and Seattle, as well as Austin, Texas. Its properties include office buildings, laboratory space and mixed-use developments.