Kite Realty Group Trust (NYSE:KRG) Raised to Hold at Jefferies Financial Group

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

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

Kite Realty Group Trust Trading Up 0.8%

Shares of Kite Realty Group Trust stock opened at $29.23 on Friday. The stock has a market capitalization of $5.94 billion, a PE ratio of 21.98, a price-to-earnings-growth ratio of 4.09 and a beta of 0.86. Kite Realty Group Trust has a 52 week low of $20.86 and a 52 week high of $29.40. The stock has a 50 day moving average price of $27.20 and a two-hundred day moving average price of $25.42. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.06.

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

Institutional Investors Weigh In On Kite Realty Group Trust

Institutional investors and hedge funds have recently bought and sold shares of the stock. Los Angeles Capital Management LLC purchased a new position in Kite Realty Group Trust during the 4th quarter worth $25,000. Arax Advisory Partners raised its holdings in shares of Kite Realty Group Trust by 182.0% in the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 726 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 118.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after purchasing an additional 740 shares during the last quarter. Bessemer Group Inc. raised its holdings in shares of Kite Realty Group Trust by 44.4% in the first quarter. Bessemer Group Inc. now owns 1,519 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 467 shares during the last quarter. Finally, Danske Bank A S bought a new position in shares of Kite Realty Group Trust during the third quarter valued at about $49,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

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.