Analyst Price Target Update on Kite Realty Group Trust (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRG): 7 analysts have set the short term price target of Kite Realty Group Trust (NYSE:KRG) at $30.14. The standard deviation of short term price target has been estimated at $0.69, implying that the actual price may fluctuate by this value. The higher and the lower price estimates are $ 31 and $29 respectively.

Many analysts have stated their opinion on the company shares. DA Davidson initiates coverage on Kite Realty Group Trust (NYSE:KRG).The analysts at the brokerage house have a current rating of Buy on the shares. The rating by the firm was issued on April 1, 2016. For the current week, the company shares have a recommendation consensus of Buy.

On the companys insider trading activities, The Securities and Exchange Commission has divulged that Olinger Thomas R, officer (Senior VP & CAO) of Kite Realty Group Trust, had unloaded 2,283 shares at an average price of $26.36 in a transaction dated on February 10, 2016. The total value of the transaction was worth $60,180.

Kite Realty Group Trust (NYSE:KRG) : On Monday heightened volatility was witnessed in Kite Realty Group Trust (NYSE:KRG) which led to swings in the share price. The stock opened for trading at $26.34 and hit $27.1 on the upside , eventually ending the session at $26.4, with a gain of 2.64% or 0.68 points. The heightened volatility saw the trading volume jump to 1,688,643 shares. The 52-week high of the share price is $30 and the company has a market cap of $2,201 million. The 52-week low of the share price is at $22.82 .

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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