** Citi raises price target for Ingenia Communities Group INA.AX to A$6.30 from A$6.15, reiterates "buy" rating

** Brokerage raises EPS estimate for co by ~12% for FY25, and ~4% for FY26-FY27

** "We raise our EPS estimates to reflect higher earnings following the earnings guidance upgrade announced in mid-Jan 2025" - Citi

** The property developer said in mid-Jan it sees FY25 EBIT in the range of A$162 mln to A$165 mln ($101.35 mln to $103.22 mln), up from earlier forecast of A$148 mln to A$155 mln

** The earnings increase primarily reflects lower overheads as a result of cost savings measures, and driven by lower-than-expected tax rate for FY25 and for future, says Citi

** Six of seven analysts rate the stock "buy" or higher, and one "hold"; their median PT is A$5.66 – LSEG data

** Stock up 21.8%, YTD

($1 = 1.5985 Australian dollars)

(Reporting by Sherin Sunny in Bengaluru)

((Sherin.Sunny@thomsonreuters.com;))