Short Interest in Kite Realty Group Trust (NYSE:KRG) Expands By 7.8%

Kite Realty Group Trust (NYSE:KRG - Get Free Report) was the target of a large growth in short interest in the month of January. As of January 15th, there was short interest totalling 7,560,000 shares, a growth of 7.8% from the December 31st total of 7,010,000 shares. Based on an average daily volume of 1,570,000 shares, the short-interest ratio is currently 4.8 days.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Geode Capital Management LLC lifted its holdings in shares of 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 purchasing an additional 43,015 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Kite Realty Group Trust by 2.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock worth $94,039,000 after acquiring an additional 73,926 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust's stock worth $50,684,000 after acquiring an additional 673,976 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Kite Realty Group Trust by 432.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust's stock valued at $36,150,000 after acquiring an additional 1,105,539 shares in the last quarter. Finally, Aew Capital Management L P purchased a new position in shares of Kite Realty Group Trust in the 4th quarter worth about $31,663,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have recently issued reports on KRG. Robert W. Baird raised their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. JPMorgan Chase & Co. cut their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price objective for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Wells Fargo & Company cut their target price on Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Finally, KeyCorp upped their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a research report on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of "Moderate Buy" and an average price target of $29.13.

Kite Realty Group Trust Stock Up 1.6 %

Shares of NYSE KRG traded up $0.38 during mid-day trading on Friday, hitting $23.57. 1,186,324 shares of the stock traded hands, compared to its average volume of 1,857,788. The stock has a fifty day moving average price of $24.67 and a 200-day moving average price of $25.47. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $5.18 billion, a price-to-earnings ratio of -589.13, a PEG ratio of 3.62 and a beta of 1.27. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24.

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.