The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell".
The average consensus recommendation for the commercial REITs peer group is "buy".
Wall Street's median 12-month price target for Kite Realty Group Trust is $31.00, about 7.5% above its July 29 closing price of $28.85.
The stock recently traded at 63 times the next 12-month earnings vs. a P/E of 72 three months ago.
Quarterly results and asset sales
U.S. shopping center REIT's Q2 net income rose to $161.3 million from $110.3 million a year earlier.
Same Property NOI for Q2 increased 3.7% year over year.
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