Brokerages Set Kite Realty Group Trust (NYSE:KRG) Price Target at $26.00

Kite Realty Group Trust (NYSE:KRGGet Free Report) has been assigned an average recommendation of “Hold” from the five brokerages that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

A number of analysts have commented on KRG shares. Wells Fargo & Company cut their price target on shares of Kite Realty Group Trust from $23.00 to $21.00 and set an “underweight” rating on the stock in a research report on Monday, November 13th. Piper Sandler raised their price target on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th.

Check Out Our Latest Stock Analysis on KRG

Insider Activity at Kite Realty Group Trust

In related news, CEO John A. Kite sold 60,000 shares of the business’s stock in a transaction dated Friday, December 1st. The shares were sold at an average price of $21.91, for a total transaction of $1,314,600.00. Following the sale, the chief executive officer now owns 104,121 shares of the company’s stock, valued at $2,281,291.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.30% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Kite Realty Group Trust

A number of institutional investors and hedge funds have recently made changes to their positions in KRG. CENTRAL TRUST Co boosted its stake in shares of Kite Realty Group Trust by 91.4% during the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the period. Strategic Investment Solutions Inc. IL purchased a new stake in Kite Realty Group Trust during the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of Kite Realty Group Trust by 107.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 846 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of Kite Realty Group Trust by 280.5% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock valued at $41,000 after acquiring an additional 1,327 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in shares of Kite Realty Group Trust by 7,854.2% in the 1st quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,885 shares during the last quarter. 97.22% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $21.54 on Friday. The company has a market capitalization of $4.73 billion, a price-to-earnings ratio of 126.71, a PEG ratio of 3.71 and a beta of 1.30. Kite Realty Group Trust has a twelve month low of $18.77 and a twelve month high of $24.26. The stock has a fifty day simple moving average of $22.17 and a 200 day simple moving average of $21.91. The company has a quick ratio of 0.83, a current ratio of 0.83 and a debt-to-equity ratio of 0.79.

Kite Realty Group Trust Company Profile

(Get Free Report

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.

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Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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