JPMorgan Chase & Co. Lowers Kite Realty Group Trust (NYSE:KRG) Price Target to $27.00

Kite Realty Group Trust (NYSE:KRG) had its price objective cut by equities researchers at JPMorgan Chase & Co. from $30.00 to $27.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 18.32% from the company’s current price.

KRG has been the topic of a number of other research reports. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Robert W. Baird upped their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, KeyCorp raised their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $29.13.

Kite Realty Group Trust Trading Up 0.5 %

Kite Realty Group Trust stock opened at $22.82 on Wednesday. The business has a 50 day moving average price of $26.01 and a two-hundred day moving average price of $25.44. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The stock has a market cap of $5.01 billion, a price-to-earnings ratio of -570.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.29.

Hedge Funds Weigh In On Kite Realty Group Trust

Several institutional investors have recently bought and sold shares of KRG. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Kite Realty Group Trust by 53.6% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 46,793 shares of the real estate investment trust’s stock valued at $1,181,000 after buying an additional 16,330 shares during the period. Oliver Luxxe Assets LLC increased its holdings in shares of Kite Realty Group Trust by 3.7% in the fourth quarter. Oliver Luxxe Assets LLC now owns 91,368 shares of the real estate investment trust’s stock worth $2,306,000 after acquiring an additional 3,268 shares in the last quarter. Central Pacific Bank Trust Division lifted its holdings in shares of Kite Realty Group Trust by 19.6% during the 4th quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust’s stock valued at $187,000 after purchasing an additional 1,210 shares in the last quarter. GAMMA Investing LLC increased its stake in Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 652 shares in the last quarter. Finally, Versant Capital Management Inc lifted its stake in Kite Realty Group Trust by 551.7% in the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,080 shares in the last quarter. 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 (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.