Kite Realty Group Trust (NYSE:KRG) Downgraded to Underweight Rating by JPMorgan Chase & Co.

Kite Realty Group Trust (NYSE:KRG) was downgraded by equities research analysts at JPMorgan Chase & Co. from a “neutral” rating to an “underweight” rating in a note issued to investors on Thursday, MarketBeat reports. They presently have a $27.00 price objective on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 9.31% from the company’s current price.

Other equities analysts have also issued reports about the stock. Wall Street Zen upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 1st. UBS Group restated a “neutral” rating and issued a $30.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a report on Thursday, July 9th. Weiss Ratings reissued a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday, July 15th. Citigroup reaffirmed a “neutral” rating and set a $31.00 price target (up from $27.00) on shares of Kite Realty Group Trust in a report on Monday, August 3rd. Finally, LADENBURG THALM/SH SH lifted their price objective on Kite Realty Group Trust from $33.00 to $34.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Three investment analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of “Hold” and a consensus target price of $29.62.

Kite Realty Group Trust Trading Down 1.6%

KRG opened at $24.70 on Thursday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.99. Kite Realty Group Trust has a 52 week low of $21.33 and a 52 week high of $29.92. The stock has a market cap of $4.95 billion, a PE ratio of 15.25, a PEG ratio of 3.88 and a beta of 0.84. The business has a 50 day moving average of $26.90 and a 200-day moving average of $26.78.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Thursday, July 30th. The real estate investment trust reported $0.79 EPS for the quarter, beating the consensus estimate of $0.11 by $0.68. Kite Realty Group Trust had a return on equity of 11.26% and a net margin of 41.80%.The business had revenue of $196.26 million during the quarter, compared to analyst estimates of $197.32 million. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. Equities research analysts predict that Kite Realty Group Trust will post 2.1 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kite Realty Group Trust

Large investors have recently added to or reduced their stakes in the company. Ameritas Advisory Services LLC purchased a new stake in Kite Realty Group Trust in the 2nd quarter worth $37,000. Bessemer Group Inc. raised its stake in Kite Realty Group Trust by 44.4% during the 1st 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 period. Rockefeller Capital Management L.P. lifted its holdings in Kite Realty Group Trust by 246.2% in the 4th quarter. Rockefeller Capital Management L.P. now owns 2,884 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 2,051 shares in the last quarter. Integrated Wealth Concepts LLC bought a new position in Kite Realty Group Trust in the 2nd quarter worth approximately $98,000. Finally, Global Retirement Partners LLC raised its position in shares of Kite Realty Group Trust by 279.9% during the fourth quarter. Global Retirement Partners LLC now owns 3,457 shares of the real estate investment trust’s stock valued at $83,000 after buying an additional 2,547 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that owns, develops, redevelops, acquires and operates open-air shopping centers in the United States. Its portfolio is primarily focused on grocery-anchored and other necessity-based retail properties, along with select mixed-use assets.

The company leases space to a variety of retailers, restaurants, service providers and other tenants. Its properties are generally located in established, high-growth communities and are designed to serve everyday consumer needs.