Citi downgrades Kite Realty, upgrades Acadia Realty

2 hours ago 1
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Citi downgraded Kite Realty Group (NYSE:KRG) on fewer near-term catalysts, and upgraded Acadia Realty Trust (NYSE:AKR), citing attractive valuation, improving Street retail fundamentals, and a lower levered balance sheet.

"We are downgrading KRG to Neutral from Buy, given fewer near-term company-specific

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