Kite Realty Group Trust (NYSE:KRG) Earns Hold (C+) Rating from Weiss Ratings

Key Points

• Kite Realty Group Trust (NYSE:KRG) received a "hold (C+)" rating from Weiss Ratings, with a consensus price target of $26.50.
• The stock's recent performance shows a one-year low of $18.51 and a high of $28.24, currently opening at $22.31.
• CEO John A. Kite sold 50,000 shares for approximately $1.14 million, reducing his position by nearly 48%.

Kite Realty Group Trust (NYSE:KRG - Get Free Report)'s stock had its "hold (c+)" rating reissued by research analysts at Weiss Ratings in a research report issued to clients and investors on Wednesday,Weiss Ratings reports.

Several other equities research analysts also recently weighed in on KRG. LADENBURG THALM/SH SH started coverage on Kite Realty Group Trust in a report on Tuesday, September 9th. They set a "buy" rating and a $30.00 price objective on the stock. UBS Group initiated coverage on Kite Realty Group Trust in a research report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 target price for the company. Wells Fargo & Company lowered their target price on Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating for the company in a research report on Wednesday, August 27th. Wall Street Zen lowered Kite Realty Group Trust from a "hold" rating to a "sell" rating in a research report on Saturday, October 4th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $24.00 target price (down from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, August 4th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $26.50.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $22.31 on Wednesday. The stock's fifty day moving average price is $22.17 and its two-hundred day moving average price is $22.16. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market cap of $4.91 billion, a PE ratio of 28.24, a price-to-earnings-growth ratio of 6.12 and a beta of 1.15.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting analysts' consensus estimates of $0.51. The firm had revenue of $211.18 million for the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. As a group, research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Insider Buying and Selling at Kite Realty Group Trust

In other news, CEO John A. Kite sold 50,000 shares of Kite Realty Group Trust stock in a transaction dated Wednesday, September 3rd. The stock was sold at an average price of $22.70, for a total value of $1,135,000.00. Following the completion of the transaction, the chief executive officer directly owned 54,121 shares of the company's stock, valued at approximately $1,228,546.70. This trade represents a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 2.50% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Wealth Enhancement Advisory Services LLC increased its position in Kite Realty Group Trust by 15.8% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 24,912 shares of the real estate investment trust's stock valued at $629,000 after buying an additional 3,393 shares in the last quarter. GAMMA Investing LLC increased its position in Kite Realty Group Trust by 1,523.9% in the 1st quarter. GAMMA Investing LLC now owns 77,736 shares of the real estate investment trust's stock valued at $1,739,000 after buying an additional 72,949 shares in the last quarter. SG Americas Securities LLC bought a new stake in Kite Realty Group Trust in the 1st quarter valued at about $795,000. CX Institutional bought a new stake in Kite Realty Group Trust in the 1st quarter valued at about $79,000. Finally, Howard Capital Management Group LLC increased its position in Kite Realty Group Trust by 21.1% in the 1st quarter. Howard Capital Management Group LLC now owns 40,185 shares of the real estate investment trust's stock valued at $899,000 after buying an additional 7,009 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

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.

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