Piper Sandler reaffirmed their neutral rating on shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in a report released on Thursday morning, MarketBeat Ratings reports. Piper Sandler currently has a $25.00 target price on the real estate investment trust's stock, down from their previous target price of $33.00.
A number of other equities analysts have also commented on KRG. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. KeyCorp raised their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Robert W. Baird increased their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Friday, November 15th. Finally, JPMorgan Chase & Co. dropped their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Six equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of "Hold" and a consensus target price of $28.13.
Get Our Latest Stock Report on Kite Realty Group Trust
Kite Realty Group Trust Stock Performance
Shares of KRG stock traded down $0.85 on Thursday, hitting $22.40. The company's stock had a trading volume of 3,816,868 shares, compared to its average volume of 1,896,697. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The company has a market capitalization of $4.92 billion, a PE ratio of -559.88, a PEG ratio of 3.63 and a beta of 1.27. The stock's 50 day moving average is $24.20 and its 200-day moving average is $25.45. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Equities research analysts expect that Kite Realty Group Trust will post 2.06 earnings per share for the current fiscal year.
Kite Realty Group Trust Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.82%. Kite Realty Group Trust's payout ratio is currently -2,700.00%.
Hedge Funds Weigh In On Kite Realty Group Trust
A number of institutional investors have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB bought a new stake in shares of Kite Realty Group Trust during the third quarter worth $39,000. Strategic Investment Solutions Inc. IL bought a new stake in Kite Realty Group Trust during the 3rd quarter worth $45,000. Versant Capital Management Inc increased its holdings in Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 2,080 shares in the last quarter. Optiver Holding B.V. raised its position in Kite Realty Group Trust by 19.9% in the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 467 shares during the last quarter. Finally, FIL Ltd boosted its stake in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.
About Kite Realty Group Trust
(
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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.
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