Shares of Kite Realty Group Trust (NYSE:KRG) were down 1.8% during trading on Thursday . The stock traded as low as $28.87 and last traded at $28.93, with a volume of 137,038 shares. The stock had previously closed at $29.47.

Several analysts have recently commented on KRG shares. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating and set a $33.00 target price on the stock in a report on Tuesday, July 26th. Hilliard Lyons lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Monday, August 1st. Raymond James Financial Inc. lowered 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 research note on Monday, May 2nd. They noted that the move was a valuation call. Finally, Barclays PLC started coverage on Kite Realty Group Trust in a research note on Friday, July 22nd. They set an “overweight” rating and a $33.00 price target on the stock. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $31.40.

The stock’s 50-day moving average is $28.77 and its 200 day moving average is $27.58. The stock has a market cap of $2.43 billion and a price-to-earnings ratio of 582.00.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Thursday, July 28th. The company reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $87.58 million for the quarter, compared to analyst estimates of $87.30 million. During the same period in the previous year, the business posted $0.49 earnings per share. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. On average, equities research analysts forecast that Kite Realty Group Trust will post $2.05 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 14th. Shareholders of record on Thursday, July 7th were issued a $0.2875 dividend. The ex-dividend date was Tuesday, July 5th. This represents a $1.15 annualized dividend and a yield of 3.95%.

In other Kite Realty Group Trust news, CAO Thomas R. Olinger sold 5,500 shares of Kite Realty Group Trust stock in a transaction on Monday, August 1st. The stock was sold at an average price of $30.22, for a total value of $166,210.00. Following the completion of the transaction, the chief accounting officer now directly owns 11,540 shares of the company’s stock, valued at approximately $348,738.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John A. Kite sold 33,000 shares of Kite Realty Group Trust stock in a transaction on Monday, August 1st. The shares were sold at an average price of $30.09, for a total value of $992,970.00. Following the completion of the transaction, the chief executive officer now directly owns 122,001 shares of the company’s stock, valued at $3,671,010.09. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in KRG. Vanguard Group Inc. boosted its position in shares of 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 in the last quarter. US Bancorp DE boosted 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 valued at $2,108,000 after buying an additional 17,007 shares in the last quarter. New York State Common Retirement Fund boosted its position in shares of Kite Realty Group Trust by 2.3% in the fourth quarter. New York State Common Retirement Fund now owns 98,978 shares of the company’s stock valued at $2,566,000 after buying an additional 2,202 shares in the last quarter. State of Tennessee Treasury Department bought a new position in shares of Kite Realty Group Trust during the fourth quarter valued at $1,685,000. Finally, Employees Retirement System of Texas boosted 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 valued at $6,249,000 after buying an additional 51,000 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.

Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.