Kite Realty Group Trust (NYSE:KRG) Receives Average Rating of “Hold” from Analysts

Kite Realty Group Trust (NYSE:KRGGet Free Report) has been assigned an average rating of “Hold” from the five analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $26.40.

A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group upgraded 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 note on Thursday, April 18th. Finally, Wells Fargo & Company upped their price objective on Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th.

Check Out Our Latest Report on Kite Realty Group Trust

Institutional Investors Weigh In On Kite Realty Group Trust

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Duality Advisers LP acquired a new position in Kite Realty Group Trust during the 4th quarter worth $973,000. LSV Asset Management raised its position in shares of Kite Realty Group Trust by 33.4% in the 4th quarter. LSV Asset Management now owns 917,000 shares of the real estate investment trust’s stock valued at $20,963,000 after acquiring an additional 229,788 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Kite Realty Group Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock worth $76,448,000 after purchasing an additional 90,897 shares in the last quarter. Wellington Management Group LLP bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at $8,160,000. Finally, Walleye Trading LLC acquired a new stake in Kite Realty Group Trust during the 3rd quarter worth $1,349,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG opened at $22.16 on Friday. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 85.23, a PEG ratio of 5.54 and a beta of 1.28. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $24.26. The business has a fifty day simple moving average of $21.11 and a 200 day simple moving average of $21.51. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.90.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.51%. The ex-dividend date is Friday, July 5th. Kite Realty Group Trust’s payout ratio is 384.63%.

Kite Realty Group Trust Company Profile

(Get Free Report

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.

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Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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