TipRanksStock Market NewsKRG NewsKite Realty Group (KRG) Receives a Buy from Jefferies

Kite Realty Group (KRG) Receives a Buy from Jefferies

In a report released yesterday, Linda Tsai from Jefferies maintained a Buy rating on Kite Realty Group (KRGResearch Report), with a price target of $26.00. The company’s shares closed last Monday at $20.49.

According to TipRanks.com, Tsai is a 4-star analyst with an average return of 17.1% and a 63.6% success rate. Tsai covers the Financial sector, focusing on stocks such as Spirit Realty Capital, Brixmor Property, and Regency Centers.

Currently, the analyst consensus on Kite Realty Group is a Strong Buy with an average price target of $25.50.

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The company has a one-year high of $23.14 and a one-year low of $16.65. Currently, Kite Realty Group has an average volume of 1.36M.

Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KRG in relation to earlier this year. Most recently, in December 2021, John Kite, the Chairman & CEO of KRG sold 25,000 shares for a total of $523,250.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.

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