UBS Group Begins Coverage on Kite Realty Group Trust (NYSE:KRG)

Investment analysts at UBS Group assumed coverage on shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) in a research report issued on Tuesday, MarketBeat reports. The firm set a "neutral" rating and a $24.00 price target on the real estate investment trust's stock. UBS Group's target price indicates a potential upside of 4.03% from the stock's previous close.

Several other equities analysts also recently weighed in on the company. Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Raymond James Financial reduced their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company dropped their target price on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Seven research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $27.22.

Kite Realty Group Trust Stock Up 1.0%

Shares of KRG stock traded up $0.22 during mid-day trading on Tuesday, reaching $23.07. 1,209,939 shares of the company's stock traded hands, compared to its average volume of 1,709,442. The company's 50-day moving average price is $22.41 and its 200-day moving average price is $22.63. The company has a market cap of $5.07 billion, a P/E ratio of 329.57, a P/E/G ratio of 5.88 and a beta of 1.09. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.89. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.51 by $0.02. The business had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a net margin of 1.59% and a return on equity of 0.41%. On average, equities analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of large investors have recently added to or reduced their stakes in KRG. Anson Funds Management LP purchased a new position in shares of Kite Realty Group Trust in the 1st quarter worth $2,461,000. Strs Ohio bought a new position in Kite Realty Group Trust in the first quarter valued at about $20,517,000. Focus Partners Wealth boosted its position in Kite Realty Group Trust by 1.8% in the first quarter. Focus Partners Wealth now owns 179,956 shares of the real estate investment trust's stock worth $4,026,000 after purchasing an additional 3,212 shares during the last quarter. Bayforest Capital Ltd boosted its position in Kite Realty Group Trust by 275.9% in the first quarter. Bayforest Capital Ltd now owns 10,118 shares of the real estate investment trust's stock worth $226,000 after purchasing an additional 7,426 shares during the last quarter. Finally, Zimmer Partners LP bought a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at about $1,957,000. 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.