Jefferies Starts Kite Realty Group (KRG) at Buy

October 27, 2021 7:47 AM EDT
Get Alerts KRG Hot Sheet
Price: $21.50 +0.61%

Rating Summary:
    10 Buy, 7 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 20 | Down: 18 | New: 45
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Jefferies analyst Linda Tsai initiates coverage on Kite Realty Group (NYSE: KRG) with a Buy rating and a price target of $26.00.

The analyst commented, "KRG's acquisition of RPAI more than doubles its property count, increasing scale & exposure to high-growth markets. Immediate cost synergies, organic lease-up opportunity, improved tenant/geographical concentrations and the ability to fund external growth accretively without raising leverage gives Kite multiple levers to grow. Discounted valuation and strong earnings growth offer a compelling entry point at current levels."

For an analyst ratings summary and ratings history on Kite Realty Group click here. For more ratings news on Kite Realty Group click here.

Shares of Kite Realty Group closed at $21.22 yesterday.

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