Piper Sandler Trims Kite Realty Group Trust (NYSE:KRG) Target Price at $25.00

Kite Realty Group Trust (NYSE:KRG – Get Appraisal) had its target price lowered by analysts at Piper Sandler to $25.00 in a report on Monday, Stock Target Advisor reports. Piper Sandler’s price target would indicate a potential upside of 41.48% from the company’s previous close.

Several other research analysts also commented on the title. Compass Point lowered its price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a Wednesday, June 22 research note. StockNews.com took over stock coverage from Kite Realty Group Trust in a Thursday, March 31 research note. They issued a “sell” rating for the company. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Thursday. Capital One Financial reissued an “overweight” rating on shares of Kite Realty Group Trust in a Wednesday May 25 research note. Finally, Raymond James raised his price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “strong buy” rating in a Friday 11 research note. march. One research analyst rated the stock with a sell rating, one assigned a hold rating, six assigned a buy rating and one assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.86.

KRG stock traded at $0.38 midday on Monday, hitting $17.67. 139,087 shares of the company were traded, against an average volume of 1,495,178. The company has a quick ratio of 2.16, a current ratio of 2.16 and a leverage ratio of 0.81. The company has a market capitalization of $3.87 billion, a P/E ratio of -25.99, a PEG ratio of 1.08 and a beta of 1.30. The company has a fifty-day simple moving average of $20.04 and a 200-day simple moving average of $21.20. Kite Realty Group Trust has a 12 month minimum of $16.97 and a 12 month maximum of $23.35.

Kite Realty Group Trust (NYSE:KRG – Get Rating) last announced its results on Thursday, April 28. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing the consensus estimate of $0.40 per ($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 a year earlier, the company posted EPS of $0.34. Research analysts predict Kite Realty Group Trust to post 1.79 EPS for the current year.

Hedge funds have recently increased or reduced their stakes in the company. Accel Wealth Management acquired a new stake in Kite Realty Group Trust during the fourth quarter valued at approximately $31,000. Farmers & Merchants Investments Inc. acquired a new stake in Kite Realty Group Trust during the first quarter valued at approximately $33,000. EverSource Wealth Advisors LLC acquired a new stake in Kite Realty Group Trust during the fourth quarter valued at approximately $36,000. Covestor Ltd increased its stake in Kite Realty Group Trust by 7,854.2% during the first quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust worth $43,000 after buying an additional 1,885 shares in the last quarter. Finally, Quadrant Capital Group LLC increased its stake in Kite Realty Group Trust by 2,050.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,129 shares of the real estate investment trust worth $46,000 after purchasing an additional 2,030 shares in the last quarter. 90.42% of the shares are currently held by institutional investors.

About Kite Realty Group Trust (Get a 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 to retailers in in-demand markets through our portfolio of neighborhood, community and lifestyle centers.

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