Robert W. Baird Issues Positive Forecast for Kite Realty Group Trust (NYSE:KRG) Stock Price

Kite Realty Group Trust (NYSE:KRGFree Report) had its price objective upped by Robert W. Baird from $25.00 to $27.00 in a report issued on Wednesday morning, MarketBeat reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other research analysts also recently issued reports about the stock. Raymond James Financial downgraded shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, November 11th. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. Wells Fargo & Company upgraded Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Tuesday, October 21st. UBS Group reissued a “neutral” rating and set a $25.00 price objective (up previously from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kite Realty Group Trust in a report on Monday, December 29th. Two equities research analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Hold” and an average price target of $25.63.

Read Our Latest Stock Analysis on Kite Realty Group Trust

Kite Realty Group Trust Stock Performance

Shares of KRG opened at $25.43 on Wednesday. The stock has a 50 day moving average of $23.90 and a 200 day moving average of $22.87. The company has a market capitalization of $5.50 billion, a price-to-earnings ratio of 18.42, a PEG ratio of 6.48 and a beta of 0.91. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $26.13. The company has a current ratio of 0.74, a quick ratio of 0.98 and a debt-to-equity ratio of 0.98.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 9th will be paid a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.16 annualized dividend and a yield of 4.6%. Kite Realty Group Trust’s payout ratio is currently 84.06%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Los Angeles Capital Management LLC purchased a new stake in Kite Realty Group Trust during the 4th quarter valued at about $25,000. Arax Advisory Partners lifted its position in Kite Realty Group Trust by 182.0% in the fourth quarter. Arax Advisory Partners now owns 1,125 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 726 shares during the last quarter. Harbor Capital Advisors Inc. boosted its stake in shares of Kite Realty Group Trust by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 462 shares during the period. First Horizon Corp bought a new position in shares of Kite Realty Group Trust in the third quarter worth approximately $30,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Kite Realty Group Trust by 118.4% in the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

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About Kite Realty Group Trust

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Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.

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

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