UPDATE: Morgan Keegan Upgrades Kite Realty Group Trust to Outperform

Morgan Keegan has upgraded Kite Realty Group Trust KRG from Market Perform to Outperform and has raised the price target from $5 to $5.25 in a research report published today. In the report, Morgan Keegan states, "We are upgrading KRG shares from a Market Perform to an Outperform rating. We see better growth into 2013, which we believe can support upside in relative valuation. Our revised Price Target is $5.25 per share, which represents 16.4x our 2012 FAD estimate and a 9.0% forward implied cap rate." Shares of Kite Realty Group Trust are trading at $4.65, up 0.43% from yesterday's close.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
date
ticker
name
Price Target
Upside/Downside
Recommendation
Firm
Posted In: UpgradesPrice TargetAnalyst Ratings
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!