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

Kite Realty Group Trust (NYSE:KRG) was upgraded by research analysts at Jefferies Financial Group to a “hold” rating in a research report issued on Friday,Zacks.com reports.

Several other equities research analysts have also issued reports on the company. UBS Group reaffirmed a “neutral” rating and set a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, May 18th. LADENBURG THALM/SH SH boosted their price target on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Wednesday, June 10th. Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, May 2nd. Finally, Wells Fargo & Company restated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $27.43.

Kite Realty Group Trust Stock Performance

KRG stock opened at $29.23 on Friday. The firm has a market cap of $5.94 billion, a PE ratio of 21.98, a P/E/G ratio of 4.09 and a beta of 0.86. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The business has a 50 day moving average of $27.20 and a 200-day moving average of $25.42. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $29.40.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to analysts’ expectations of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in KRG. Centersquare Investment Management LLC increased its stake in shares of Kite Realty Group Trust by 1.3% in the fourth quarter. Centersquare Investment Management LLC now owns 8,236,790 shares of the real estate investment trust’s stock worth $197,436,000 after purchasing an additional 105,830 shares in the last quarter. Norges Bank bought a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $61,863,000. New Age Alpha Advisors LLC purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at approximately $1,031,000. Pensionfund PDN purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $1,522,000. Finally, Lighthouse Investment Partners LLC boosted its holdings in Kite Realty Group Trust by 33.1% in the 3rd quarter. Lighthouse Investment Partners LLC now owns 965,000 shares of the real estate investment trust’s stock worth $21,520,000 after buying an additional 240,000 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.