Brokerages Set Kite Realty Group Trust (NYSE:KRG) PT at $26.00

Kite Realty Group Trust (NYSE:KRG) has been assigned an average rating of “Hold” from the five brokerages that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $26.00.

KRG has been the topic of several analyst reports. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Piper Sandler lifted their price target on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 20th.

Kite Realty Group Trust Trading Up 1.1 %

Shares of KRG stock opened at $21.68 on Monday. Kite Realty Group Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.26. The company has a 50 day moving average price of $21.36 and a 200 day moving average price of $21.52. The stock has a market capitalization of $4.76 billion, a P/E ratio of 98.55, a price-to-earnings-growth ratio of 3.08 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Investors of record on Friday, April 5th will be paid a dividend of $0.25 per share. The ex-dividend date is Thursday, April 4th. This represents a $1.00 annualized dividend and a yield of 4.61%. Kite Realty Group Trust’s dividend payout ratio is currently 454.57%.

Institutional Trading of Kite Realty Group Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Raymond James & Associates increased its position in Kite Realty Group Trust by 32.3% during the first quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock worth $2,657,000 after buying an additional 28,495 shares during the period. Raymond James Financial Services Advisors Inc. grew its position in shares of Kite Realty Group Trust by 14.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust’s stock worth $1,542,000 after acquiring an additional 8,554 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kite Realty Group Trust by 18.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock worth $153,000 after purchasing an additional 1,067 shares during the last quarter. Natixis Advisors L.P. acquired a new stake in shares of Kite Realty Group Trust during the first quarter worth about $448,000. Finally, Bank of Montreal Can grew its holdings in shares of Kite Realty Group Trust by 16.8% during the first quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 3,760 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.