Kite Realty Group Trust (KRG) Upgraded at Zacks Investment Research

The firm now has a $49.00 price objective on the real estate investment trust's stock.

Several equities research analysts recently issued reports on AKR shares. It indicates oversold and overbought price levels for a stock. Finally, Zacks Investment Research upgraded Acadia Realty Trust from a "sell" rating to a "hold" rating in a research note on Thursday, April 27th. They noted that the move was a valuation call. Citigroup downgraded the stock to "Neutral" rating in Tuesday, December 13 report. Finally, Wells Fargo & Co assumed coverage on Agree Realty in a research note on Thursday, January 26th.

08/02/2016 - Education Realty Trust Inc. had its " rating reiterated by analysts at FBR Capital Markets. Three research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock.

04/25/2016 - Education Realty Trust Inc. had its " rating reiterated by analysts at Goldman Sachs.

Agree Realty (NYSE:ADC) traded down 0.40% during mid-day trading on Monday, hitting $45.10. The company maintained an average volume of 359.46 thousand shares. The company has a market capitalization of $3.28 billion, a P/E ratio of 54.97 and a beta of 0.98. The firm has a 50 day moving average of $21.84 and a 200 day moving average of $21.15.

Lexington Realty Trust (NYSE:LXP) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, beating the Zacks' consensus estimate of $0.36 by $0.04. Kite Realty Group Trust had a return on equity of 0.10% and a net margin of 0.45%. The firm had revenue of $104.57 million during the quarter, compared to analyst estimates of $106.03 million. During the same quarter in the previous year, the company posted $0.41 earnings per share. Agree Realty's revenue for the quarter was up 31.3% on a year-over-year basis. On average, analysts forecast that Healthcare Realty Trust will post $0.64 earnings per share for the current fiscal year.

COPYRIGHT VIOLATION WARNING: This news story was reported by Transcript Daily and is the sole property of of Transcript Daily. If you are accessing this news story on another website, it was copied illegally and republished in violation of US and worldwide trademark and copyright law. The original version of this story can be viewed at https://www.com-unik.info/2017/05/20/agree-realty-co-adc-given-hold-rating-at-jefferies-group-llc-updated-updated-updated.html. If the share price is now hovering near the 52 week low and the value is achieved in the current past then it can suggest that the price of the shares is likely to go up. Following the completion of the transaction, the director now owns 3,641 shares in the company, valued at approximately $181,103.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Kite Realty Group Trust news, CEO John A. Kite sold 25,000 shares of Kite Realty Group Trust stock in a transaction that occurred on Friday, March 31st. The stock was sold at an average price of $31.04, for a total transaction of $232,800.00. The disclosure for this sale can be found here. In the last three months, insiders bought 37,600 shares of company stock worth $1,683,262. "Acquires 2,799 Shares of Lexington Realty Trust (LXP)" was published by Stock Observer and is the property of of Stock Observer.

In other news, EVP Robert E. Hull sold 1,744 shares of the stock in a transaction that occurred on Monday, May 15th. Norges Bank acquired a new position in QTS Realty Trust during the fourth quarter worth approximately $22,828,000. The business's quarterly revenue was up 11.8% compared to the same quarter past year. Moreover, Indexiq Advisors Ltd Limited Liability Company has 0.09% invested in Kite Realty Group Trust (NYSE:KRG) for 80,187 shares. Cipher Capital LP now owns 18,185 shares of the real estate investment trust's stock worth $1,332,000 after buying an additional 6,982 shares during the last quarter. Elkfork Partners LLC purchased a new position in Kite Realty Group Trust during the fourth quarter valued at $112,000. FMR LLC boosted its stake in shares of Acadia Realty Trust by 0.7% in the fourth quarter. BlackRock Fund Advisors raised its position in Agree Realty by 8.9% in the third quarter. Ltd. now owns 135,060 shares of the real estate investment trust's stock valued at $1,391,000 after buying an additional 700 shares during the last quarter.

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