KeyCorp Boosts Kite Realty Group Trust (NYSE:KRG) Price Target to $28.00

Kite Realty Group Trust (NYSE:KRG - Free Report) had its price objective lifted by KeyCorp from $25.00 to $28.00 in a research note released on Tuesday morning, Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust's stock.

A number of other research analysts also recently weighed in on KRG. Robert W. Baird upped their price target on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a neutral rating in a research note on Wednesday, July 31st. Wells Fargo & Company increased their target price on Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an underweight rating in a report on Tuesday, May 28th. Finally, Raymond James upgraded shares of Kite Realty Group Trust from a market perform rating to a strong-buy rating and set a $28.00 price target for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of Moderate Buy and a consensus target price of $26.57.

Kite Realty Group Trust Trading Up 0.4 %

KRG traded up $0.09 during trading on Tuesday, hitting $25.18. The company's stock had a trading volume of 1,398,420 shares, compared to its average volume of 1,663,354. The firm has a market capitalization of $5.53 billion, a P/E ratio of 96.46, a PEG ratio of 6.25 and a beta of 1.31. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $25.56. The stock's fifty day moving average price is $23.20 and its 200-day moving average price is $21.90. 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 declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th will be given a $0.26 dividend. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a yield of 4.13%. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust's dividend payout ratio is presently 400.00%.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in KRG. Pineridge Advisors LLC purchased a new position in Kite Realty Group Trust in the fourth quarter worth $39,000. Wolverine Asset Management LLC boosted its holdings in shares of Kite Realty Group Trust by 280.5% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,327 shares during the last quarter. Fidelis Capital Partners LLC bought a new position in Kite Realty Group Trust during the first quarter valued at about $42,000. GAMMA Investing LLC increased its holdings in Kite Realty Group Trust by 158.2% during the second quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust's stock worth $44,000 after buying an additional 1,204 shares during the last quarter. Finally, Quarry LP raised its position in 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 worth $50,000 after acquiring an additional 1,167 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.