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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Read More on KRG:
- Kite Realty Group upgraded to Strong Buy from Market Perform at Raymond James
- Kite Realty Group Announces Pricing of $350 Million Senior Notes Offering
- Kite Realty Group price target raised to $26 from $25 at Baird
- Kite Realty Group Discusses Future Prospects and Risks
- Kite Realty Group sees FY24 FFO view to $2.04-$2.08 from $2.02-$2.08
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