Kite Realty Group Trust (NYSE:KRG) shares saw unusually-high trading volume on Friday . Approximately 800,299 shares traded hands during mid-day trading, an increase of 87% from the previous session’s volume of 427,327 shares.The stock last traded at $29.63 and had previously closed at $28.98.

KRG has been the subject of a number of research analyst reports. Raymond James Financial Inc. lowered shares of Kite Realty Group Trust from a “strong-buy” rating to an “outperform” rating and set a $30.00 target price for the company. in a research note on Monday, May 2nd. They noted that the move was a valuation call. DA Davidson initiated coverage on shares of Kite Realty Group Trust in a research note on Friday, April 1st. They issued a “buy” rating and a $33.00 target price for the company. Barclays PLC initiated coverage on shares of Kite Realty Group Trust in a research note on Friday. They issued an “overweight” rating and a $33.00 target price for the company. Finally, Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, May 4th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $31.00.

The company has a 50-day moving average price of $27.68 and a 200-day moving average price of $27.13. The firm has a market capitalization of $2.47 billion and a P/E ratio of 211.64.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, April 28th. The company reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. The business had revenue of $88.55 million for the quarter, compared to the consensus estimate of $87.34 million. During the same period in the previous year, the business posted $0.50 EPS. Kite Realty Group Trust’s revenue was up 2.0% on a year-over-year basis. Analysts anticipate that Kite Realty Group Trust will post $2.05 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 14th. Stockholders of record on Thursday, July 7th were paid a dividend of $0.2875 per share. This represents a $1.15 annualized dividend and a dividend yield of 3.88%. The ex-dividend date was Tuesday, July 5th.

Several institutional investors have added to or reduced their stakes in the stock. Vanguard Group Inc. increased its position in Kite Realty Group Trust by 2.2% in the fourth quarter. Vanguard Group Inc. now owns 12,189,235 shares of the company’s stock valued at $316,067,000 after buying an additional 259,455 shares during the last quarter. Victory Capital Management Inc. increased its position in shares of Kite Realty Group Trust by 18.7% in the fourth quarter. Victory Capital Management Inc. now owns 1,127,893 shares of the company’s stock worth $29,247,000 after buying an additional 177,651 shares in the last quarter. Morgan Stanley increased its position in shares of Kite Realty Group Trust by 61.2% in the fourth quarter. Morgan Stanley now owns 510,976 shares of the company’s stock worth $13,250,000 after buying an additional 194,074 shares in the last quarter. Employees Retirement System of Texas increased its position in shares of Kite Realty Group Trust by 26.8% in the fourth quarter. Employees Retirement System of Texas now owns 241,000 shares of the company’s stock worth $6,249,000 after buying an additional 51,000 shares in the last quarter. Finally, State of New Jersey Common Pension Fund D increased its position in shares of Kite Realty Group Trust by 5.8% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 183,750 shares of the company’s stock worth $4,764,000 after buying an additional 10,000 shares in the last quarter.

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

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