Shares of Kite Realty Group Trust (NYSE:KRG – Get Free Report) have been given a consensus rating of “Hold” by the five analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $26.00.
Several analysts have commented on KRG shares. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Wells Fargo & Company dropped their target price on Kite Realty Group Trust from $23.00 to $21.00 and set an “underweight” rating for the company in a report on Monday, November 13th. Finally, Piper Sandler increased their target price on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an “overweight” rating in a report on Wednesday, December 20th.
View Our Latest Research Report on Kite Realty Group Trust
Insider Activity
Institutional Investors Weigh In On Kite Realty Group Trust
Institutional investors and hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co increased its holdings in shares of Kite Realty Group Trust by 91.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock valued at $29,000 after acquiring an additional 800 shares during the period. Bell Investment Advisors Inc grew its stake in Kite Realty Group Trust by 515.9% during the 4th quarter. Bell Investment Advisors Inc now owns 1,318 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 1,104 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new position in Kite Realty Group Trust during the 1st quarter worth $33,000. Northwestern Mutual Wealth Management Co. grew its stake in Kite Realty Group Trust by 107.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 846 shares during the last quarter. Finally, Wolverine Asset Management LLC grew its stake in Kite Realty Group Trust by 280.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,327 shares during the last quarter. 97.22% of the stock is owned by institutional investors.
Kite Realty Group Trust Stock Performance
Shares of NYSE:KRG opened at $21.37 on Thursday. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 97.14, a P/E/G ratio of 3.38 and a beta of 1.30. The firm’s 50 day simple moving average is $21.90 and its 200 day simple moving average is $21.68. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76. Kite Realty Group Trust has a fifty-two week low of $18.77 and a fifty-two week high of $24.26.
Kite Realty Group Trust Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Friday, April 12th. Stockholders of record on Friday, April 5th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date of this dividend is Thursday, April 4th. Kite Realty Group Trust’s payout ratio is currently 454.55%.
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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