Brokerage Firm Rating Update on Kite Realty Group Trust (KRG)

Kite Realty Group Trust (KRG) : Zacks Investment Research ranks Kite Realty Group Trust (KRG) as 3, which is a Hold recommendation. 4 research analysts consider that the stocks fundamentals point to a bright future, hence they rate the stock as a Strong Buy. 1 other analysts are mildly bullish on the stock and favor a Buy. A total of 5 analysts believe that the stock has a limited upside, hence they advise a Hold. The average broker rating of 10 research analysts is 2.1, which indicates as a Buy.

Kite Realty Group Trust (KRG) : The consensus price target for Kite Realty Group Trust (KRG) is $31.64 for the short term with a standard deviation of $1.31. The most optimist securities analyst among the 7 who monitor the stock believes that the stock can reach $33, however, the pessimist price target for the company is $30.


For the current week, the company shares have a recommendation consensus of Buy. Also, BTIG Research initiates coverage on Kite Realty Group Trust (NYSE:KRG).The analysts at the brokerage house have a current rating of Buy on the shares. In a recent information released to the investors, BTIG Research announces the price target of $35 per share. The rating by the firm was issued on August 25, 2016.

Kite Realty Group Trust (NYSE:KRG): The stock opened at $29.5 and touched an intraday high of $29.62 on Wednesday. During the day, the stock corrected to an intraday low of $29.34, however, the bulls stepped in and pushed the price higher to close in the green at $29.57 with a gain of 0.41% for the day. The total traded volume for the day was 353,557. The stock had closed at $29.45 in the previous trading session.

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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