Kite Realty Group Trust (NYSE:KRG) Given Consensus Rating of “Hold” by Analysts

Kite Realty Group Trust (NYSE:KRG) has received an average recommendation of “Hold” from the five analysts that are currently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $26.00.

KRG has been the topic of a number of research analyst reports. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a report on Thursday, April 18th. Wells Fargo & Company increased their price target on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an “underweight” rating in a report on Tuesday, May 28th.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $21.77 on Wednesday. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $24.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.72 and a quick ratio of 2.72. The stock has a market capitalization of $4.78 billion, a PE ratio of 83.73, a P/E/G ratio of 5.59 and a beta of 1.31. The company’s 50 day simple moving average is $21.64 and its two-hundred day simple moving average is $21.52.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date of this dividend is Tuesday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 384.63%.

Hedge Funds Weigh In On Kite Realty Group Trust

Several institutional investors and hedge funds have recently made changes to their positions in the business. Stifel Financial Corp grew its holdings in shares of Kite Realty Group Trust by 0.8% during the 3rd quarter. Stifel Financial Corp now owns 78,300 shares of the real estate investment trust’s stock valued at $1,677,000 after purchasing an additional 639 shares during the last quarter. State of Alaska Department of Revenue grew its holdings in shares of Kite Realty Group Trust by 0.5% during the 1st quarter. State of Alaska Department of Revenue now owns 126,703 shares of the real estate investment trust’s stock valued at $2,745,000 after purchasing an additional 649 shares during the last quarter. Retirement Systems of Alabama grew its holdings in shares of Kite Realty Group Trust by 0.3% during the 1st quarter. Retirement Systems of Alabama now owns 275,494 shares of the real estate investment trust’s stock valued at $5,973,000 after purchasing an additional 724 shares during the last quarter. Blue Trust Inc. grew its holdings in Kite Realty Group Trust by 41.7% in the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 742 shares during the last quarter. Finally, UniSuper Management Pty Ltd grew its holdings in Kite Realty Group Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust’s stock worth $1,352,000 after acquiring an additional 900 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

About Kite Realty Group Trust

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.