Kite Realty Group Trust (NYSE:KRG) Upgraded to “Hold” at Wall Street Zen

Kite Realty Group Trust (NYSE:KRG) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a note issued to investors on Saturday.

KRG has been the topic of a number of other research reports. UBS Group reaffirmed a “neutral” rating and issued a $25.00 price target (up previously from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price target (up from $23.00) on shares of Kite Realty Group Trust in a research report on Monday, December 15th. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday. Robert W. Baird increased their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Raymond James Financial cut shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $25.63.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $25.92 on Friday. The firm has a 50-day moving average of $24.01 and a 200-day moving average of $22.92. The company has a market cap of $5.36 billion, a P/E ratio of 18.78, a P/E/G ratio of 6.42 and a beta of 0.91. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $26.13. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.74 and a quick ratio of 0.98.

Institutional Investors Weigh In On Kite Realty Group Trust

Several large investors have recently bought and sold shares of KRG. Los Angeles Capital Management LLC purchased a new position in shares of Kite Realty Group Trust during the 4th quarter worth $25,000. Arax Advisory Partners increased its stake 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 buying an additional 726 shares during the period. Harbor Capital Advisors Inc. grew its position in shares of Kite Realty Group Trust by 54.8% during the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 462 shares in the last quarter. First Horizon Corp purchased a new stake in Kite Realty Group Trust during the third quarter worth $30,000. Finally, EverSource Wealth Advisors LLC lifted its holdings in Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 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.