Kite Realty Group Trust (NYSE:KRG)‘s stock had its “buy” rating restated by Robert W. Baird in a research report issued to clients and investors on Wednesday, March 21st. They currently have a $19.00 price objective on the real estate investment trust’s stock. Robert W. Baird’s price target suggests a potential upside of 26.67% from the company’s current price.
A number of other research analysts have also recently issued reports on the company. Sandler O’Neill set a $16.00 price target on Kite Realty Group Trust and gave the company a “hold” rating in a report on Tuesday, March 20th. Barclays reaffirmed a “buy” rating and issued a $20.00 price target on shares of Kite Realty Group Trust in a report on Thursday, March 8th. Citigroup cut their price target on Kite Realty Group Trust from $20.50 to $16.00 and set a “neutral” rating for the company in a report on Tuesday, February 6th. Capital One Financial raised Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating in a report on Monday, February 5th. Finally, DA Davidson cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target for the company. in a report on Monday, February 5th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and five have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $18.86.
Shares of NYSE KRG traded up $0.13 during midday trading on Wednesday, reaching $15.00. 911,451 shares of the company traded hands, compared to its average volume of 783,942. The stock has a market cap of $1,243.13, a PE ratio of 7.35, a PEG ratio of 1.75 and a beta of 0.47. Kite Realty Group Trust has a 12 month low of $13.90 and a 12 month high of $22.34. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.05 and a current ratio of 1.05.
In related news, Director William E. Bindley bought 100,000 shares of the firm’s stock in a transaction dated Tuesday, February 6th. The stock was bought at an average cost of $15.06 per share, for a total transaction of $1,506,000.00. Following the transaction, the director now owns 85,014 shares of the company’s stock, valued at $1,280,310.84. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Charles H. Wurtzebach bought 6,600 shares of the firm’s stock in a transaction dated Tuesday, February 13th. The shares were bought at an average price of $14.65 per share, with a total value of $96,690.00. The disclosure for this purchase can be found here. Insiders own 1.93% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Zions Bancorporation acquired a new position in shares of Kite Realty Group Trust during the 3rd quarter worth about $111,000. Certified Advisory Corp acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $137,000. Xact Kapitalforvaltning AB acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $202,000. Schroder Investment Management Group acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at approximately $223,000. Finally, Cetera Advisors LLC acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at approximately $223,000. Institutional investors own 95.18% of the company’s stock.
Kite Realty Group Trust Company Profile
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.
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