JPMorgan Downgrades Kite Realty Group Trust to 'Underweight'
JPMorgan Chase & Co. downgraded Kite Realty Group Trust (NYSE:KRG) to an 'underweight' rating from a 'neutral' one, according to a research note issued on Thursday by Marketbeat.com. The analysts now have a $27.00 target price for the company's stock.
This indicates a potential upside of 9.31% from Kite Realty Group Trust's current price. The firm's market cap is around $4.95 billion, with a price-to-earnings ratio of 15.25 and a beta of 0.84.
Kite Realty Group Trust has seen various ratings changes in recent months, including an upgrade from Jefferies Financial Group to 'hold' on June 26th. Other analysts have also weighed in on the stock, with LADENBURG THALM/SH SH increasing their price target to $34.00 and giving a 'buy' rating.
According to MarketBeat.com, Kite Realty Group Trust has an average rating of 'hold' among analysts, with three recommending it as a buy and seven holding a hold position on the stock. The company's 50-day simple moving average is $26.90, while its 200-day SMA is $26.78.