Jefferies Financial Group cut shares of Kite Realty Group Trust (NYSE:KRG - Free Report) from a buy rating to a hold rating in a research report released on Thursday morning, MarketBeat reports. They currently have $27.00 target price on the real estate investment trust's stock, down from their prior target price of $31.00.
KRG has been the subject of a number of other research reports. Compass Point lifted their price objective on Kite Realty Group Trust from $29.00 to $32.00 and gave the stock a "buy" rating in a research report on Wednesday, September 4th. KeyCorp boosted their price objective on shares of 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. Finally, 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 research report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of "Moderate Buy" and an average target price of $29.43.
Check Out Our Latest Analysis on KRG
Kite Realty Group Trust Price Performance
Kite Realty Group Trust stock traded down $0.51 during mid-day trading on Thursday, hitting $24.73. 1,032,895 shares of the company were exchanged, compared to its average volume of 1,585,490. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24. The company has a market capitalization of $5.43 billion, a P/E ratio of -618.25, a PEG ratio of 3.81 and a beta of 1.28. The business's 50 day simple moving average is $26.40 and its two-hundred day simple moving average is $25.30. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08.
Kite Realty Group Trust Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Thursday, January 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.37%. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, January 10th. Kite Realty Group Trust's payout ratio is -2,700.00%.
Institutional Investors Weigh In On Kite Realty Group Trust
Several large investors have recently made changes to their positions in KRG. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Kite Realty Group Trust by 0.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust's stock worth $2,554,000 after acquiring an additional 483 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of Kite Realty Group Trust by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust's stock valued at $3,408,000 after purchasing an additional 484 shares during the period. Marcum Wealth LLC lifted its position in shares of Kite Realty Group Trust by 1.4% during the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust's stock worth $1,085,000 after purchasing an additional 571 shares in the last quarter. Legacy Wealth Asset Management LLC grew its holdings in Kite Realty Group Trust by 2.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust's stock valued at $629,000 after purchasing an additional 671 shares in the last quarter. Finally, FMR LLC grew its holdings in Kite Realty Group Trust by 2.6% during the 3rd quarter. FMR LLC now owns 28,610 shares of the real estate investment trust's stock valued at $760,000 after purchasing an additional 737 shares in the last quarter. Institutional investors and hedge funds 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.
Featured Stories
Before you consider Kite Realty Group Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kite Realty Group Trust wasn't on the list.
While Kite Realty Group Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Click the link below to learn more about using beta to protect yourself.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
