Kite Realty Group Trust (NYSE:KRG) Receives Average Rating of "Moderate Buy" from Brokerages

Shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eight research firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.13.

Several analysts have recently commented on KRG shares. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research note on Tuesday, November 12th. JPMorgan Chase & Co. reduced their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday. Finally, Robert W. Baird raised their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, November 15th.

Kite Realty Group Trust Trading Up 0.4 %

Shares of KRG traded up $0.10 during mid-day trading on Friday, hitting $23.34. 2,349,386 shares of the company were exchanged, compared to its average volume of 1,383,322. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. The company has a 50 day moving average of $25.77 and a 200-day moving average of $25.44.

Kite Realty Group Trust Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, January 10th were given a $0.27 dividend. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.08 annualized dividend and a yield of 4.63%. Kite Realty Group Trust's dividend payout ratio is -2,700.00%.

Institutional Trading of Kite Realty Group Trust

Hedge funds and other institutional investors have recently modified their holdings of the company. UMB Bank n.a. grew its stake in Kite Realty Group Trust by 819.0% during the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust's stock valued at $28,000 after acquiring an additional 950 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust in the third quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL acquired a new position in Kite Realty Group Trust during the third quarter worth $45,000. Quarry LP raised its position in shares of Kite Realty Group Trust by 108.4% in the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,167 shares during the period. Finally, Versant Capital Management Inc grew its holdings in Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 2,080 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

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.