Kite Realty Group Trust (NYSE:KRG) Price Target Raised to $33.00

Kite Realty Group Trust (NYSE:KRG) had its target price upped by investment analysts at LADENBURG THALM/SH SH from $30.00 to $33.00 in a report issued on Wednesday,Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. LADENBURG THALM/SH SH’s target price points to a potential upside of 13.30% from the stock’s current price.

A number of other brokerages also recently commented on KRG. Weiss Ratings upgraded shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. Robert W. Baird upped their target price on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Citigroup reiterated a “neutral” rating and set a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Wells Fargo & Company reiterated an “overweight” rating and set a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Finally, Wall Street Zen downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, Kite Realty Group Trust has an average rating of “Hold” and an average target price of $27.43.

Kite Realty Group Trust Trading Up 1.5%

NYSE:KRG traded up $0.43 during mid-day trading on Wednesday, hitting $29.13. 375,833 shares of the stock traded hands, compared to its average volume of 1,903,052. The stock has a market capitalization of $5.91 billion, a price-to-earnings ratio of 21.90, a PEG ratio of 4.31 and a beta of 0.86. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $29.29. The firm’s 50 day moving average is $26.25 and its two-hundred day moving average is $24.91. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05.

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 the consensus estimate of $0.07 by ($0.01). The firm had revenue of $200.70 million for the quarter, compared to the consensus estimate 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. On average, equities research analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current year.

Institutional Trading of Kite Realty Group Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Los Angeles Capital Management LLC acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter worth $25,000. Arax Advisory Partners boosted its position in Kite Realty Group Trust by 182.0% in the 4th quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 726 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares in the last quarter. Bessemer Group Inc. boosted its position in Kite Realty Group Trust by 44.4% in the 1st quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock worth $37,000 after purchasing an additional 467 shares in the last quarter. Finally, Danske Bank A S purchased a new stake in Kite Realty Group Trust in the 3rd quarter worth approximately $49,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

About Kite Realty Group Trust

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.