Kite Realty Group Trust (NYSE:KRG - Free Report) had its target price trimmed by Wells Fargo & Company from $26.00 to $24.00 in a research report sent to investors on Wednesday, MarketBeat reports. The brokerage currently has an equal weight rating on the real estate investment trust's stock.
A number of other equities analysts also recently commented on the company. Raymond James cut their price objective on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a report on Monday, March 10th. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $27.88.
Check Out Our Latest Stock Report on Kite Realty Group Trust
Kite Realty Group Trust Trading Down 1.4 %
NYSE KRG traded down $0.32 during mid-day trading on Wednesday, reaching $22.27. 1,349,124 shares of the stock were exchanged, compared to its average volume of 1,591,926. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The stock has a market capitalization of $4.89 billion, a PE ratio of 1,113.50, a PEG ratio of 3.57 and a beta of 1.30. The business's fifty day simple moving average is $22.73 and its 200 day simple moving average is $24.84. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. On average, research analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.
Kite Realty Group Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.85%. Kite Realty Group Trust's dividend payout ratio is presently 5,400.00%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of KRG. Vanguard Group Inc. increased its position in shares of Kite Realty Group Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 33,506,648 shares of the real estate investment trust's stock worth $845,708,000 after purchasing an additional 256,476 shares during the last quarter. JPMorgan Chase & Co. increased its holdings in Kite Realty Group Trust by 23.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock valued at $308,317,000 after buying an additional 2,308,613 shares during the last quarter. Geode Capital Management LLC raised its stake in Kite Realty Group Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust's stock valued at $150,865,000 after buying an additional 43,015 shares in the last quarter. Millennium Management LLC lifted its holdings in Kite Realty Group Trust by 17.1% during the 4th quarter. Millennium Management LLC now owns 3,885,650 shares of the real estate investment trust's stock worth $98,074,000 after buying an additional 567,284 shares during the last quarter. Finally, Bank of America Corp DE grew its position in shares of Kite Realty Group Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 3,785,395 shares of the real estate investment trust's stock worth $95,543,000 after acquiring an additional 311,258 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.
About Kite Realty Group Trust
(
Get Free Report)
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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