Kite Realty Group Trust (NYSE:KRG) Stock Rating Upgraded by ValuEngine

Kite Realty Group Trust (NYSE:KRG) was upgraded by stock analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research report issued to clients and investors on Wednesday, ValuEngine reports.

Several other analysts also recently weighed in on KRG. Compass Point raised Kite Realty Group Trust from a “sell” rating to a “neutral” rating and boosted their target price for the company from $13.50 to $14.50 in a report on Wednesday, September 4th. DA Davidson restated a “neutral” rating on shares of Kite Realty Group Trust in a research note on Monday, July 29th. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Friday, June 14th. Finally, Citigroup set a $16.00 price target on Kite Realty Group Trust and gave the stock a “hold” rating in a research report on Monday, May 20th. Two analysts have rated the stock with a sell rating, seven have given a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.88.

NYSE:KRG traded up $0.31 during midday trading on Wednesday, hitting $16.04. 505,186 shares of the company were exchanged, compared to its average volume of 497,994. Kite Realty Group Trust has a fifty-two week low of $13.66 and a fifty-two week high of $17.22. The company has a market capitalization of $1.30 billion, a PE ratio of 8.02, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83. The company has a current ratio of 1.32, a quick ratio of 1.32 and a debt-to-equity ratio of 1.02. The company has a fifty day simple moving average of $15.06 and a 200 day simple moving average of $15.53.



Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Monday, August 5th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.43. The company had revenue of $81.48 million during the quarter, compared to the consensus estimate of $79.95 million. Kite Realty Group Trust had a negative net margin of 6.92% and a negative return on equity of 1.66%. Kite Realty Group Trust’s revenue for the quarter was down 11.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.53 earnings per share. As a group, equities research analysts expect that Kite Realty Group Trust will post 1.65 EPS for the current year.

Institutional investors have recently modified their holdings of the business. Prudential Financial Inc. increased its stake in Kite Realty Group Trust by 18.4% in the second quarter. Prudential Financial Inc. now owns 872,977 shares of the real estate investment trust’s stock valued at $13,208,000 after purchasing an additional 135,766 shares during the period. Centersquare Investment Management LLC grew its holdings in shares of Kite Realty Group Trust by 150,278.3% during the first quarter. Centersquare Investment Management LLC now owns 630,085 shares of the real estate investment trust’s stock worth $10,075,000 after buying an additional 629,666 shares during the last quarter. Arizona State Retirement System increased its position in Kite Realty Group Trust by 0.7% in the 2nd quarter. Arizona State Retirement System now owns 130,204 shares of the real estate investment trust’s stock valued at $1,970,000 after acquiring an additional 896 shares during the period. Everence Capital Management Inc. acquired a new position in Kite Realty Group Trust in the 1st quarter valued at about $174,000. Finally, Weaver Consulting Group purchased a new stake in Kite Realty Group Trust during the 2nd quarter valued at approximately $49,000. 89.88% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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