Kite Realty Group Trust (NYSE:KRG) Stock Rating Lowered by Jefferies Financial Group

Kite Realty Group Trust (NYSE:KRG) was downgraded by stock analysts at Jefferies Financial Group from a “buy” rating to a “hold” rating in a research report issued on Thursday, MarketBeat reports. They currently have a $27.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $31.00. Jefferies Financial Group’s target price would indicate a potential upside of 6.97% from the company’s previous close.

Several other analysts also recently issued reports on KRG. KeyCorp upped their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Compass Point raised their price target on Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, September 4th. Finally, Robert W. Baird lifted their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $29.43.

Kite Realty Group Trust Stock Up 1.1 %

Shares of KRG stock opened at $25.24 on Thursday. The stock’s 50 day simple moving average is $26.42 and its 200 day simple moving average is $25.30. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $5.54 billion, a price-to-earnings ratio of -631.00, a PEG ratio of 3.81 and a beta of 1.28.

Institutional Trading of Kite Realty Group Trust

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geode Capital Management LLC boosted its holdings in Kite Realty Group Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust’s stock valued at $150,865,000 after purchasing an additional 43,015 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Kite Realty Group Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,651,857 shares of the real estate investment trust’s stock worth $96,993,000 after buying an additional 173,290 shares during the period. Dimensional Fund Advisors LP grew its position in Kite Realty Group Trust by 6.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust’s stock valued at $73,442,000 after acquiring an additional 190,380 shares during the period. Millennium Management LLC raised its stake in Kite Realty Group Trust by 17.7% during the second quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust’s stock worth $57,427,000 after acquiring an additional 386,566 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in shares of Kite Realty Group Trust by 16.6% in the 2nd quarter. American Century Companies Inc. now owns 2,080,688 shares of the real estate investment trust’s stock valued at $46,566,000 after purchasing an additional 295,708 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Company Profile

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.