Analyst Price Target is $28.86
▲ +14.88% Upside Potential
This price target is based on 7 analysts offering 12 month price targets for Kite Realty Group Trust in the last 3 months. The average price target is $28.86, with a high forecast of $33.00 and a low forecast of $23.00. The average price target represents a 14.88% upside from the last price of $25.12.
Current Consensus is
Moderate Buy
The current consensus among 7 polled investment analysts is to moderate buy stock in Kite Realty Group Trust. This rating has held steady since July 2024, when it changed from a Hold consensus rating.
Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets. The combination of necessity-based grocery-anchored neighborhood and community centers, along with vibrant mixed-use assets makes the KRG portfolio an ideal mix for both retailers and consumers. Publicly listed since 2004, KRG has nearly 60 years of experience in developing, constructing and operating real estate. Using operational, investment, development, and redevelopment expertise, KRG continuously optimizes its portfolio to maximize value and return to shareholders. As of December 31, 2023, the Company owned interests in 180 U.S. open-air shopping centers and mixed-use assets, comprising approximately 28.1 million square feet of gross leasable space.
Read More