KeyBanc raised the firm’s price target on Kite Realty Group to $28 from $25 and keeps an Overweight rating on the shares. The outlook for Kite’s portfolio in the near term is favorable, given strong leasing demand, an acceleration in rent commencements scheduled to take place over the next several quarters, and an improving long-term, stabilized internal growth profile, the analyst tells investors in a research note. In addition, the firm says the company’s balance sheet continues to strengthen.
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