Wells Fargo Maintains a Buy Rating on Kilroy Realty Corp.By Ryan Adsit
In a report released yesterday, Blaine Heck from Wells Fargo maintained a Buy rating on Kilroy Realty Corp. (NYSE: KRC), with a price target of $78. The company’s shares closed yesterday at $72.34, close to its 52-week high of $74.45.
Kilroy Realty Corp. has an analyst consensus of Moderate Buy, with a price target consensus of $79.33.
Based on Kilroy Realty Corp.’s latest earnings report for the quarter ending September 30, the company posted quarterly revenue of $166 million and quarterly net profit of $53.47 million. In comparison, last year the company earned revenue of $140 million and had a net profit of $104 million.
Based on the recent corporate insider activity of 65 insiders, corporate insider sentiment is neutral on the stock. Most recently, in January 2016, Jeffrey Hawken, the EVP & COO of KRC sold 2,212 shares for a total of $137,365.
Kilroy Realty Corp. is a self-administered REIT active in premier office and industrial submarkets along the West Coast. It owns, develops, acquires and manages real estate assets in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. The company was founded on September 13, 1996 and is headquartered in Los Angeles, CA.