Kite Realty Group Trust (NYSE:KRG) shares rose 2.4% during trading on Monday . The stock traded as high as $28.79 and last traded at $28.77, with a volume of 146,235 shares. The stock had previously closed at $28.09.

KRG has been the topic of several analyst reports. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, May 12th. Barclays PLC initiated coverage on shares of 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. Hilliard Lyons lowered shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research note on Monday, August 1st. Finally, 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 price target on the stock. in a research note 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 issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $31.40.

The stock has a market capitalization of $2.40 billion and a price-to-earnings ratio of 575.20. The stock has a 50 day moving average of $28.99 and a 200-day moving average of $27.70.

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

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 13th. Stockholders of record on Thursday, October 6th will be issued a $0.2875 dividend. The ex-dividend date of this dividend is Tuesday, October 4th. This represents a $1.15 dividend on an annualized basis and a dividend yield of 4.00%.

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

A number of institutional investors have recently modified their holdings of KRG. Stephens Inc. AR increased 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. US Bancorp DE increased 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. 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 during 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 during the last quarter. Finally, New York State Common Retirement Fund increased 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 worth $2,566,000 after buying an additional 2,202 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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