Raymond James lowered the firm’s price target on Kite Realty (KRG) to $26 from $28 and keeps a Strong Buy rating on the shares. Kite reported a large beat in Q1 primarily driven by higher than expected lease termination fees, raised its full year funds from operations guidance, and announced a new joint venture, the analyst tells investors in a research note. The firm believes lower growth in 2025 due to tenant fallout is more than priced in.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KRG: