Kite Realty Group Trust (NYSE:KRG) Given Consensus Rating of “Hold” by Brokerages

Kite Realty Group Trust (NYSE:KRG) has been given an average recommendation of “Hold” by the six brokerages that are currently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $25.50.

Several equities research analysts have issued reports on KRG shares. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a research report on Thursday.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of KRG. Wellington Management Group LLP bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $8,160,000. Walleye Trading LLC purchased a new position in Kite Realty Group Trust in the third quarter worth about $1,349,000. Natixis Advisors L.P. grew its holdings in shares of Kite Realty Group Trust by 22.9% during the third quarter. Natixis Advisors L.P. now owns 37,102 shares of the real estate investment trust’s stock valued at $795,000 after buying an additional 6,915 shares during the last quarter. Raymond James & Associates increased its holdings in shares of Kite Realty Group Trust by 48.0% in the 4th quarter. Raymond James & Associates now owns 123,874 shares of the real estate investment trust’s stock worth $2,832,000 after purchasing an additional 40,173 shares in the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Kite Realty Group Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust’s stock worth $693,401,000 after acquiring an additional 278,421 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $20.56 on Friday. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The stock has a market cap of $4.51 billion, a P/E ratio of 93.46, a P/E/G ratio of 2.86 and a beta of 1.29. The company has a 50 day moving average of $21.03 and a 200 day moving average of $21.36.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders 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 4.86%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 454.57%.

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.