UBS Group Issues Positive Forecast for Kite Realty Group Trust (NYSE:KRG) Stock Price

Kite Realty Group Trust (NYSE:KRG) had its price objective upped by stock analysts at UBS Group from $26.00 to $27.00 in a report released on Wednesday, Benzinga reports. The firm presently has a “neutral” rating on the real estate investment trust’s stock. UBS Group‘s price objective indicates a potential upside of 4.87% from the stock’s previous close.

KRG has been the topic of several other research reports. KeyCorp lowered Kite Realty Group Trust from an “overweight” rating to a “sector weight” rating in a research report on Tuesday, August 18th. Ladenburg Thalmann & Co. Inc. raised their price objective on Kite Realty Group Trust from $33.00 to $34.00 and gave the company a “buy” rating in a report on Friday, July 31st. Truist Financial set a $27.00 price target on shares of Kite Realty Group Trust and gave the stock a “hold” rating in a research note on Thursday, October 1st. Wells Fargo & Company set a $27.00 price target on shares of Kite Realty Group Trust and gave the stock an “overweight” rating in a research report on Friday, October 23rd. Finally, Weiss Ratings cut shares of Kite Realty Group Trust from a “buy (b-)” rating to a “hold (c)” rating in a research note on Monday, November 2nd. Two research analysts have rated the stock with a Buy rating, eight have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $27.89.

Kite Realty Group Trust Stock Down 0.5%

Shares of Kite Realty Group Trust stock traded down $0.14 during trading on Wednesday, reaching $25.75. The company’s stock had a trading volume of 2,037,510 shares, compared to its average volume of 2,148,128. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 1.02. The company has a market cap of $5.10 billion, a price-to-earnings ratio of 15.89, a P/E/G ratio of 4.65 and a beta of 0.90. The company has a 50-day simple moving average of $25.03 and a two-hundred day simple moving average of $26.15. Kite Realty Group Trust has a 1-year low of $21.89 and a 1-year high of $29.92.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Friday, October 30th. The real estate investment trust reported ($0.07) EPS for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.15). Kite Realty Group Trust had a return on equity of 11.78% and a net margin of 42.95%. The firm had revenue of $190.28 million for the quarter, compared to analyst estimates of $195.62 million. As a group, equities analysts forecast that Kite Realty Group Trust will post 2.10 earnings per share for the current year.

Hedge Funds Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP grew its holdings in shares of Kite Realty Group Trust by 0.3% during the first quarter. Dimensional Fund Advisors LP now owns 3,200,466 shares of the real estate investment trust’s stock worth $78,572,000 after purchasing an additional 10,289 shares during the last quarter. Bank of New York Mellon Corp acquired a new position in Kite Realty Group Trust during the second quarter worth about $44,463,000. Candriam S.C.A. lifted its position in shares of Kite Realty Group Trust by 172.7% in the third quarter. Candriam S.C.A. now owns 1,265,726 shares of the real estate investment trust’s stock valued at $30,984,000 after acquiring an additional 801,541 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund boosted its position in Kite Realty Group Trust by 499.9% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,251,733 shares of the real estate investment trust’s stock worth $30,730,000 after acquiring an additional 1,043,075 shares during the last quarter. Finally, Principal Financial Group Inc. grew its holdings in Kite Realty Group Trust by 52.5% in the 1st quarter. Principal Financial Group Inc. now owns 715,319 shares of the real estate investment trust’s stock valued at $17,561,000 after buying an additional 246,285 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust that owns, operates, and develops open-air shopping centers and mixed-use properties. Its portfolio includes neighborhood and community centers, many of which are anchored by grocery stores and other essential retailers. The company leases space to retailers and service businesses and works to manage, maintain, and redevelop its properties. Its centers serve communities in Sun Belt markets and other selected regions across the United States.