Kite Realty Group Trust (NYSE:KRG) PT lower to $27.00 at Compass Point

Kite Realty Group Trust (NYSE:KRG – Rating Received) The target price was lowered from $30.00 to $27.00 by investment analysts at Compass Point in a research report issued to clients and investors on Wednesday, reports The Fly. Compass Point’s price target indicates a potential upside of 54.29% from the stock’s current price.

A number of other brokers have also commented on KRG. Capital One Financial reiterated an “overweight” rating on shares of Kite Realty Group Trust in a report Wednesday, May 25. Raymond James has raised its price target on shares of Kite Realty Group Trust to $27.00 from $25.00 and issued a buy rating on the stock in a report on Friday, March 11. Finally, StockNews.com took over coverage of shares in Kite Realty Group Trust in a report on Thursday, March 31st. They issued a sell rating on the stock. One equities research analyst has rated the stock with a sell rating, six with a buy rating and one with a strong buy rating. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $26.00.

NYSE:KRG opened at $17.50 on Wednesday. Kite Realty Group Trust has a 12-month low of $16.97 and a 12-month high of $23.35. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt to equity ratio of 0.81. The company has a market cap of $3.83 billion, a price-to-earnings ratio of -25.74, a PEG ratio of 1.06 and a beta of 1.25. The company’s 50-day simple moving average is $20.85 and its 200-day simple moving average is $21.39.

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Kite Realty Group Trust (NYSE:KRG – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The Real Estate Investment Trust reported ($0.08) EPS for the quarter, missing analyst consensus estimates of $0.40 by ($0.48). Kite Realty Group Trust had a negative return on equity of 4.77% and a negative net margin of 24.52%. In the same quarter last year, the company reported earnings per share of $0.34. On average, analysts are forecasting that Kite Realty Group Trust will report earnings per share of 1.79 for the current year.

Several major investors have recently changed their positions in KRG. BlackRock Inc. increased its position in shares of Kite Realty Group Trust by 109.9% in the fourth quarter. BlackRock Inc. now owns 30,549,057 shares of Real Estate Investment Trust worth $665,358,000 after purchasing an additional 15,996,960 shares last quarter. JPMorgan Chase & Co. increased its position in shares of Kite Realty Group Trust by 313.9% in the fourth quarter. JPMorgan Chase & Co. now owns 14,786,233 shares of the Real Estate Investment Trust valued at $322,044,000 after purchasing an additional 11,213,604 shares last quarter. State Street Corp increased its position in shares of Kite Realty Group Trust by 153.9% during the fourth quarter. State Street Corp now owns 11,479,726 shares of Real Estate Investment Trust valued at $250,028,000 after purchasing an additional 6,958,610 shares last quarter. Deutsche Bank AG increased its position in shares of Kite Realty Group Trust by 7,126.2% during the fourth quarter. Deutsche Bank AG now owns 6,946,077 shares of real estate investment trust worth $151,284,000 after purchasing an additional 6,849,953 shares last quarter. Finally, Goodwin Daniel L purchased a new interest in shares of Kite Realty Group Trust valued at approximately $111,817,000 during the fourth quarter. 90.42% of the shares are owned by institutional investors and hedge funds.

About Kite Realty Group Trust (get rating)

Kite Realty Group Trust is a vertically integrated, full-service real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers with retailers in desirable markets through our portfolio of neighborhood, community and lifestyle centers.

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