Kite Realty Group Trust with ticker code (KRG) now have 9 confirmed analysts covering the stock with the consensus suggesting a rating of ‘Buy’. The target price High/Low ranges between 27 and 21 calculating the mean target price we have $25.00. Given that the stocks previous close was at $21.03 this would indicate that there is a potential upside of 18.9%. The 50 day moving average now sits at $20.87 and the 200 day MA is $20.22. The total market capitalization for the company now stands at $4,676m. You can visit the company’s website by visiting: https://www.kiterealty.com
The potential market cap would be $5,559m based on the market consensus.
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 mixeduse assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2022, the Company owned interests in 183 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.8 million square feet of gross leasable space.
The company has a dividend yield of 4.56% with the ex dividend date set at 5-4-2023 (DMY).
