Kite Realty Group Trust (NYSE:KRG) Cut to Hold at Piper Sandler

Kite Realty Group Trust (NYSE:KRG - Get Free Report) was downgraded by analysts at Piper Sandler from a "strong-buy" rating to a "hold" rating in a research report issued on Wednesday,Zacks.com reports.

KRG has been the topic of several other reports. Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. JPMorgan Chase & Co. dropped their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Wells Fargo & Company dropped their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research report on Wednesday, January 29th. KeyCorp increased their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Six analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $28.13.

Kite Realty Group Trust Stock Up 0.1 %

Shares of KRG stock traded up $0.03 during trading on Wednesday, reaching $22.40. The company's stock had a trading volume of 1,934,733 shares, compared to its average volume of 2,141,453. The business has a fifty day moving average price of $24.11 and a 200-day moving average price of $25.43. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.92 billion, a price-to-earnings ratio of -559.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Analysts anticipate that Kite Realty Group Trust will post 2.06 earnings per share for the current year.

Hedge Funds Weigh In On Kite Realty Group Trust

Institutional investors and hedge funds have recently modified their holdings of the business. Eagle Asset Management Inc. acquired a new position in shares of Kite Realty Group Trust in the third quarter valued at about $7,486,000. Cerity Partners LLC raised its holdings in Kite Realty Group Trust by 105.1% in the 3rd quarter. Cerity Partners LLC now owns 48,150 shares of the real estate investment trust's stock valued at $1,279,000 after buying an additional 24,679 shares during the last quarter. Versor Investments LP bought a new position in Kite Realty Group Trust in the 3rd quarter valued at approximately $537,000. Vanderbilt University raised its holdings in Kite Realty Group Trust by 115.2% in the 4th quarter. Vanderbilt University now owns 32,411 shares of the real estate investment trust's stock valued at $818,000 after buying an additional 17,348 shares during the last quarter. Finally, Quest Partners LLC bought a new position in Kite Realty Group Trust during the 3rd quarter worth approximately $631,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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.