Kite Realty Group Trust (NYSE:KRG) Short Interest Up 13.2% in January

Kite Realty Group Trust (NYSE:KRG - Get Free Report) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 8,750,000 shares, a growth of 13.2% from the January 15th total of 7,730,000 shares. Based on an average daily trading volume, of 1,690,000 shares, the short-interest ratio is presently 5.2 days.

Kite Realty Group Trust Price Performance

Shares of KRG stock traded down $0.26 during trading hours on Friday, hitting $21.92. The company's stock had a trading volume of 1,346,337 shares, compared to its average volume of 2,092,213. The business has a fifty day moving average of $23.87 and a 200-day moving average of $25.37. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 1,096.15, a P/E/G ratio of 3.60 and a beta of 1.27. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.93%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

Hedge Funds Weigh In On Kite Realty Group Trust

Several institutional investors and hedge funds have recently modified their holdings of KRG. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust during the third quarter valued at approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Kite Realty Group Trust during the third quarter valued at approximately $45,000. Versant Capital Management Inc lifted its stake in shares of Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 2,080 shares during the period. Optiver Holding B.V. lifted its stake in shares of Kite Realty Group Trust by 19.9% during 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 buying an additional 467 shares during the period. Finally, FIL Ltd lifted 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 buying an additional 579 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KRG shares. Robert W. Baird boosted their price target 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. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Piper Sandler reiterated a "neutral" rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Finally, Wells Fargo & Company dropped their price target on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a research note on Wednesday, January 29th. Six analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $28.13.

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.