Market Overview

UPDATE: Hilliard Lyons Downgrades Kite Realty Group Trust to Lon-Term Buy on Share Run-Up

Share:
Related KRG
Baird Initiates Coverage On REIT Sector, Gives Top Picks
Kite Realty Group Trust Increases Unsecured Revolving Credit Facility To $500M From $200M

Hilliard Lyons downgraded Kite Realty Group Trust (NYSE: KRG) from Buy to Long-term Buy and raised the price target from $6.50 to $7.50.

Hilliard Lyons noted, "Kite reported FFO per diluted share of $0.10, two cents below the year ago period. Ours and the consensus estimate was $0.11 per share. Excluding the effects of the October equity offering, FFO per share would have been $0.11. … We are changing our rating on Kite to Long-term Buy. The stock is up 12.5% since December 31. Due to this quick share price appreciation, we believe a Long-term Buy rating is more appropriate at this time."

Kite Realty Group Trust closed at $6.30 on Friday.

Latest Ratings for KRG

DateFirmActionFromTo
May 2015Hilliard LyonsUpgradesNeutralBuy
Apr 2015Sandler O'NeillResumesHold
Mar 2015BairdInitiates Coverage onOutperform

View More Analyst Ratings for KRG
View the Latest Analyst Ratings

Posted-In: Hilliard LyonsAnalyst Color Downgrades Analyst Ratings

 

Related Articles (KRG)

Get Benzinga's Newsletters