Kite Realty Group Trust (KRG) Receives Price Target

Kite Realty Group Trust (KRG) : Average target price received by Kite Realty Group Trust (KRG) is $31.64 with an expected standard deviation of $1.31. The most aggressive target on the stock is $33, whereas the most downbeat target is $30. 7 financial analysts are currently covering the stock.

Kite Realty Group Trust (KRG) : 10 analysts are covering Kite Realty Group Trust (KRG) and their average rating on the stock is 2.1, which is read as a Buy. 4 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. Kite Realty Group Trust (KRG) also receives 1 more Buy recommendations from analysts who believe that the stock will do well going forward. A Zacks Investment Research rank of 3, which recommends a Hold affirms that they expect a large upside in the stock from the current levels. A total of 5 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.


Also, BTIG Research initiates coverage on Kite Realty Group Trust (NYSE:KRG) The brokerage firm has issued a Buy rating on the shares. The Analysts at the ratings agency announces the price target to $35 per share. The rating by the firm was issued on August 25, 2016.

Kite Realty Group Trust (NYSE:KRG): The stock opened at $28.85 on Thursday but the bulls could not build on the opening and the stock topped out at $28.92 for the day. The stock traded down to $28.59 during the day, due to lack of any buying support eventually closed down at $28.74 with a loss of -0.48% for the day. The stock had closed at $28.88 on the previous day. The total traded volume was 374,261 shares.

Kite Realty Group Trust is a full-service, vertically integrated real estate company engaged in the ownership and operation, acquisition, development and redevelopment of neighborhood and community shopping centers in the United States. The Company conducts all of its business through its operating partnership, Kite Realty Group, L.P. (KRG). The Company held a 98.1% interest in KRG with limited partners owning the remaining 1.9%. The Company owns interests in 118 retail operating properties totaling approximately 23.9 million square feet of gross leasable area (including approximately 7.7 million square feet of non-owned anchor space) located in 26 states. Its retail operating portfolio was 94.8% leased to a diversified retail tenant base, with no single retail tenant accounting for more than 3.4% of its total annualized base rent.

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