Kite Realty Group Trust (NYSE:KRG) Reaches New 12-Month High at $25.85

Shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $25.85 and last traded at $25.85, with a volume of 188473 shares trading hands. The stock had previously closed at $25.28.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KRG shares. KeyCorp boosted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday. Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $26.00 and gave the company a "neutral" rating in a research report on Wednesday, July 31st. Raymond James raised Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 price target on the stock in a research report on Friday, August 16th. Finally, Wells Fargo & Company upped their price objective on Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an "underweight" rating in a research note on Tuesday, May 28th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $26.33.

Kite Realty Group Trust Stock Up 1.8 %

The stock has a market cap of $5.65 billion, a P/E ratio of 99.00, a price-to-earnings-growth ratio of 6.25 and a beta of 1.31. The firm has a 50 day simple moving average of $23.48 and a 200-day simple moving average of $22.01. The company has a quick ratio of 2.72, a current ratio of 2.08 and a debt-to-equity ratio of 0.88.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be given a dividend of $0.26 per share. This represents a $1.04 dividend on an annualized basis and a yield of 4.04%. This is a boost from Kite Realty Group Trust's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, October 9th. Kite Realty Group Trust's payout ratio is 400.00%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its position in shares of Kite Realty Group Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust's stock valued at $728,391,000 after acquiring an additional 881,502 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Kite Realty Group Trust by 2.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust's stock worth $76,448,000 after purchasing an additional 90,897 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Kite Realty Group Trust by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust's stock worth $73,442,000 after purchasing an additional 190,380 shares during the period. Balyasny Asset Management L.P. raised its position in shares of Kite Realty Group Trust by 28.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,120,121 shares of the real estate investment trust's stock valued at $71,326,000 after buying an additional 693,852 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Kite Realty Group Trust by 17.7% in the second quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust's stock valued at $57,427,000 after buying an additional 386,566 shares during the period. 90.81% of the stock is owned by institutional investors.

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.