Kite Realty Group Trust (NYSE:KRG) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as $30.05 and last traded at $30.05, with a volume of 211,927 shares changing hands. The stock had previously closed at $29.89.

Several analysts have recently weighed in on the company. DA Davidson began coverage on Kite Realty Group Trust in a research note on Friday, April 1st. They set a “buy” rating and a $33.00 target price for the company. Barclays PLC assumed coverage on shares of Kite Realty Group Trust in a report on Friday, July 22nd. They issued an “overweight” rating and a $33.00 target price on the stock. Raymond James Financial Inc. cut Kite Realty Group Trust from a “strong-buy” rating to an “outperform” rating and set a $30.00 price target on the stock. in a report on Monday, May 2nd. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Tuesday, April 12th. Two research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $31.00.

The stock has a market cap of $2.49 billion and a PE ratio of 213.50. The firm has a 50-day moving average of $27.81 and a 200-day moving average of $27.21.

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, July 7th were paid a dividend of $0.2875 per share. The ex-dividend date of this dividend was Tuesday, July 5th. This represents a $1.15 annualized dividend and a yield of 3.85%.

Several institutional investors recently made changes to their positions in KRG. ProShare Advisors LLC raised its position in shares of Kite Realty Group Trust by 21.7% in the fourth quarter. ProShare Advisors LLC now owns 44,341 shares of the company’s stock worth $1,150,000 after buying an additional 7,904 shares during the last quarter. State of Tennessee Treasury Department bought a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $1,685,000. Stephens Inc. AR raised its position in shares of Kite Realty Group Trust by 7.7% in the fourth quarter. Stephens Inc. AR now owns 70,486 shares of the company’s stock worth $1,828,000 after buying an additional 5,053 shares during the last quarter. Pensionfund DSM Netherlands bought a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $2,048,000. Finally, US Bancorp DE raised its position in shares of Kite Realty Group Trust by 26.5% in the fourth quarter. US Bancorp DE now owns 81,303 shares of the company’s stock worth $2,108,000 after buying an additional 17,007 shares during 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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