Kite Realty Group Trust (NYSE:KRG) Short Interest Down 6.5% in March

Kite Realty Group Trust (NYSE:KRG) was the recipient of a large decline in short interest in March. As of March 31st, there was short interest totalling 5,930,000 shares, a decline of 6.5% from the March 15th total of 6,340,000 shares. Based on an average daily trading volume, of 1,850,000 shares, the short-interest ratio is currently 3.2 days.

Kite Realty Group Trust Stock Up 0.9 %

NYSE KRG opened at $20.09 on Thursday. The stock’s 50 day moving average is $21.08 and its 200 day moving average is $21.37. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26. The stock has a market cap of $4.41 billion, a PE ratio of 90.55, a P/E/G ratio of 2.88 and a beta of 1.29.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.98%. Kite Realty Group Trust’s dividend payout ratio is presently 454.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Piper Sandler boosted their price target on Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $26.00.

Institutional Trading of Kite Realty Group Trust

A number of large investors have recently added to or reduced their stakes in KRG. CENTRAL TRUST Co increased its stake in Kite Realty Group Trust by 91.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares during the last quarter. Bell Investment Advisors Inc increased its stake in Kite Realty Group Trust by 515.9% in the 4th quarter. Bell Investment Advisors Inc now owns 1,318 shares of the real estate investment trust’s stock worth $30,000 after acquiring an additional 1,104 shares during the last quarter. Strategic Investment Solutions Inc. IL bought a new stake in Kite Realty Group Trust in the 1st quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. increased its stake in Kite Realty Group Trust by 107.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock worth $34,000 after acquiring an additional 846 shares during the last quarter. Finally, Pineridge Advisors LLC bought a new stake in Kite Realty Group Trust in the 4th quarter worth approximately $39,000. Institutional investors own 90.81% of the company’s stock.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.