Kite Realty Group Trust (NYSE:KRG – Get Free Report)’s stock price hit a new 52-week high during mid-day trading on Tuesday after Piper Sandler raised their price target on the stock from $30.00 to $33.00. Piper Sandler currently has an overweight rating on the stock. Kite Realty Group Trust traded as high as $26.24 and last traded at $26.12, with a volume of 68209 shares trading hands. The stock had previously closed at $26.08.
KRG has been the subject of a number of other research reports. Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded Kite Realty Group Trust from an “underweight” rating to an “equal weight” rating and boosted their price objective for the company from $23.00 to $26.00 in a research report on Wednesday, August 28th. KeyCorp boosted their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 20th. Finally, Raymond James raised Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 target price on the stock in a research note on Friday, August 16th. Three investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Kite Realty Group Trust has an average rating of “Moderate Buy” and an average target price of $27.33.
Check Out Our Latest Research Report on Kite Realty Group Trust
Hedge Funds Weigh In On Kite Realty Group Trust
Kite Realty Group Trust Stock Down 0.9 %
The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 2.08. The firm has a market cap of $5.68 billion, a price-to-earnings ratio of 99.41, a P/E/G ratio of 3.99 and a beta of 1.31. The firm’s 50 day moving average price is $24.04 and its two-hundred day moving average price is $22.24.
Kite Realty Group Trust Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th will be paid a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.02%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, October 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 384.63%.
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.
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