Wall Street Zen Downgrades Kite Realty Group Trust (NYSE:KRG) to Sell

Key Points

• Wall Street Zen downgraded Kite Realty Group Trust (NYSE:KRG) from "Hold" to "Sell".
• Analyst views are mixed—Weiss upgraded to a "Buy (b-)" and several firms raised price targets, but the MarketBeat consensus remains a "Hold" with an average target of $26.38.
• Kite missed quarterly EPS ($0.06 vs. $0.07 est.) while beating revenue ($200.7M), set FY2026 guidance of 2.060–2.120 EPS, and the stock trades around $26.33 with a market cap of about $5.35 billion.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) was downgraded by Wall Street Zen from a "hold" rating to a "sell" rating in a report issued on Saturday.

A number of other analysts have also weighed in on the stock. Weiss Ratings upgraded shares of Kite Realty Group Trust from a "hold (c)" rating to a "buy (b-)" rating in a research note on Wednesday, February 18th. UBS Group restated a "neutral" rating and set a $25.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Wells Fargo & Company raised their price objective on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Thursday, March 19th. Robert W. Baird raised their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a "neutral" rating in a research note on Wednesday, February 18th. Finally, Citigroup restated a "neutral" rating and set a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Tuesday, February 24th. Three research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $26.38.

Kite Realty Group Trust Trading Up 0.6%

Shares of NYSE KRG opened at $26.33 on Friday. Kite Realty Group Trust has a 1 year low of $20.86 and a 1 year high of $26.82. The stock has a market cap of $5.35 billion, a P/E ratio of 19.79, a price-to-earnings-growth ratio of 4.74 and a beta of 0.86. The firm has a 50-day moving average of $25.49 and a 200 day moving average of $24.04. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.06 and a quick ratio of 0.74.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Wednesday, April 29th. The real estate investment trust reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.07 by ($0.01). The business had revenue of $200.70 million for the quarter, compared to analysts' expectations of $198.37 million. Kite Realty Group Trust had a net margin of 34.74% and a return on equity of 9.21%. Kite Realty Group Trust has set its FY 2026 guidance at 2.060-2.120 EPS. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.1 EPS for the current fiscal year.

Institutional Trading of Kite Realty Group Trust

Large investors have recently made changes to their positions in the stock. State of Wyoming bought a new stake in shares of Kite Realty Group Trust in the third quarter worth approximately $516,000. Candriam S.C.A. bought a new stake in shares of Kite Realty Group Trust in the third quarter worth approximately $2,066,000. Envestnet Asset Management Inc. grew its stake in shares of Kite Realty Group Trust by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust's stock worth $6,699,000 after acquiring an additional 54,914 shares during the period. Centersquare Investment Management LLC grew its stake in shares of Kite Realty Group Trust by 9.9% in the third quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust's stock worth $181,320,000 after acquiring an additional 733,378 shares during the period. Finally, AlphaQuest LLC grew its stake in shares of Kite Realty Group Trust by 227.5% in the third quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust's stock worth $1,403,000 after acquiring an additional 43,716 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.

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