Kite Realty Group Trust (NYSE:KRG) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six analysts that are currently covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $26.33.

A number of equities analysts have recently commented on the stock. Robert W. Baird lifted their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a "neutral" rating in a report on Wednesday, July 31st. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an "overweight" rating in a research note on Tuesday. Raymond James raised shares of Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price for the company in a research report on Friday, August 16th. Finally, Wells Fargo & Company boosted their target price on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an "underweight" rating in a research report on Tuesday, May 28th.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock traded down $0.07 during mid-day trading on Thursday, reaching $25.28. The company had a trading volume of 1,075,059 shares, compared to its average volume of 1,656,713. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $25.56. The company has a current ratio of 2.08, a quick ratio of 2.72 and a debt-to-equity ratio of 0.88. The company has a market cap of $5.55 billion, a P/E ratio of 97.23, a P/E/G ratio of 6.25 and a beta of 1.31. The business has a fifty day simple moving average of $23.40 and a 200 day simple moving average of $21.98.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be paid a $0.26 dividend. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, October 9th. This represents a $1.04 annualized dividend and a yield of 4.11%. Kite Realty Group Trust's dividend payout ratio (DPR) is 400.00%.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. State of Alaska Department of Revenue lifted its holdings in Kite Realty Group Trust by 0.5% during the first quarter. State of Alaska Department of Revenue now owns 126,703 shares of the real estate investment trust's stock valued at $2,745,000 after purchasing an additional 649 shares during the last quarter. Retirement Systems of Alabama raised its position in Kite Realty Group Trust by 0.3% during the first quarter. Retirement Systems of Alabama now owns 275,494 shares of the real estate investment trust's stock valued at $5,973,000 after purchasing an additional 724 shares in the last quarter. United Services Automobile Association lifted its position in Kite Realty Group Trust by 4.6% in the 2nd quarter. United Services Automobile Association now owns 17,781 shares of the real estate investment trust's stock worth $398,000 after buying an additional 777 shares during the last quarter. UniSuper Management Pty Ltd boosted its stake in shares of Kite Realty Group Trust by 1.5% in the 1st quarter. UniSuper Management Pty Ltd now owns 62,353 shares of the real estate investment trust's stock valued at $1,352,000 after purchasing an additional 900 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in Kite Realty Group Trust by 42.7% in the second quarter. Blue Trust Inc. now owns 3,314 shares of the real estate investment trust's stock worth $72,000 after purchasing an additional 992 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

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.