Kite Realty Group Trust (NYSE:KRG) Stock Rating Lowered by Wall Street Zen

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

A number of other equities analysts have also commented on KRG. Citigroup reissued a “neutral” rating and issued a $24.00 price objective (down previously from $28.00) on shares of Kite Realty Group Trust in a research note on Friday, September 12th. Piper Sandler reiterated a “neutral” rating and set a $24.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, August 4th. Weiss Ratings reissued a “hold (c+)” rating on shares of Kite Realty Group Trust in a report on Saturday, September 27th. Wells Fargo & Company dropped their target price on shares of Kite Realty Group Trust from $24.00 to $23.00 and set an “equal weight” rating for the company in a research note on Wednesday, August 27th. Finally, LADENBURG THALM/SH SH began coverage on shares of Kite Realty Group Trust in a research report on Tuesday, September 9th. They set a “buy” rating and a $30.00 target price on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and eight have assigned a Hold rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of “Hold” and an average price target of $26.50.

Kite Realty Group Trust Price Performance

Shares of Kite Realty Group Trust stock opened at $22.21 on Friday. The stock has a market capitalization of $4.88 billion, a price-to-earnings ratio of 28.12, a P/E/G ratio of 6.15 and a beta of 1.15. The firm’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $22.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.91. Kite Realty Group Trust has a 1-year low of $18.51 and a 1-year high of $28.24.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $211.18 million for the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, equities analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Insider Activity at Kite Realty Group Trust

In other news, CEO John A. Kite sold 50,000 shares of Kite Realty Group Trust stock in a transaction that occurred on Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the completion of the sale, the chief executive officer owned 54,121 shares in the company, valued at $1,228,546.70. The trade was a 48.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 2.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Kite Realty Group Trust

Hedge funds and other institutional investors have recently bought and sold shares of the business. Smallwood Wealth Investment Management LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at $25,000. Opal Wealth Advisors LLC bought a new position in shares of Kite Realty Group Trust in the 1st quarter worth $25,000. Ameritas Advisory Services LLC acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth $30,000. EverSource Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 740 shares during the period. Finally, UMB Bank n.a. increased its holdings in Kite Realty Group Trust by 103.0% in the second quarter. UMB Bank n.a. now owns 2,607 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,323 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

About Kite Realty Group Trust

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.