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

Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, May 12th. Hilliard Lyons downgraded shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Barclays PLC assumed coverage on shares of Kite Realty Group Trust in a research report on Friday, July 22nd. They set an “overweight” rating and a $33.00 target price on the stock. Finally, Raymond James Financial Inc. downgraded shares of Kite Realty Group Trust from a “strong-buy” rating to an “outperform” rating and set a $30.00 target price on the stock. in a research report on Monday, May 2nd. They noted that the move was a valuation call. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Kite Realty Group Trust has a consensus rating of “Buy” and a consensus target price of $31.40.

The firm has a market capitalization of $2.44 billion and a price-to-earnings ratio of 585.80. The company’s 50 day moving average is $28.84 and its 200 day moving average is $27.61.

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

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 13th. Investors of record on Thursday, October 6th will be issued a $0.2875 dividend. The ex-dividend date is Tuesday, October 4th. This represents a $1.15 annualized dividend and a yield of 3.93%.

In related news, CEO John A. Kite sold 33,000 shares of the firm’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 122,001 shares of the company’s stock, valued at $3,671,010.09. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Thomas R. Olinger sold 5,500 shares of the firm’s stock in a transaction that occurred on Monday, August 1st. The shares were sold at an average price of $30.22, for a total transaction of $166,210.00. Following the completion of the sale, the chief accounting officer now directly owns 11,540 shares in the company, valued at approximately $348,738.80. The disclosure for this sale can be found here.

Other hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake 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 during the period. Morgan Stanley boosted its stake 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 valued at $13,250,000 after buying an additional 194,074 shares during the period. Victory Capital Management Inc. boosted its stake 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 valued at $29,247,000 after buying an additional 177,651 shares during the period. State of Tennessee Treasury Department purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at $1,685,000. Finally, Employees Retirement System of Texas boosted its stake 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 during the period.

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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