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

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

KRG has been the subject of several other reports. Robert W. Baird upped their target price on 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. Wall Street Zen cut shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, May 2nd. UBS Group reissued a “neutral” rating and set a $28.00 target price (up from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, May 18th. Wells Fargo & Company reissued an “overweight” rating and set a $29.00 target price (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Finally, Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. 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, Kite Realty Group Trust has a consensus rating of “Hold” and an average target price of $27.43.

Kite Realty Group Trust Stock Performance

KRG traded up $0.43 on Wednesday, reaching $29.13. The stock had a trading volume of 375,833 shares, compared to its average volume of 1,903,052. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 1.05. The company has a market cap of $5.91 billion, a P/E ratio of 21.90, a price-to-earnings-growth ratio of 4.31 and a beta of 0.86. The business’s 50-day moving average price is $26.25 and its two-hundred day moving average price is $24.91. Kite Realty Group Trust has a 12-month low of $20.86 and a 12-month high of $29.29.

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

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of KRG. AQR Capital Management LLC lifted its stake in Kite Realty Group Trust by 32.2% in the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after purchasing an additional 19,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Kite Realty Group Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after purchasing an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC lifted its stake 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. California Public Employees Retirement System lifted its stake in Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock worth $8,731,000 after purchasing an additional 48,935 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in Kite Realty Group Trust by 3.2% in the 2nd quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock worth $1,757,000 after purchasing an additional 2,386 shares in the last quarter. 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.