Kite Realty Group Trust (NYSE:KRG) Receives Consensus Rating of “Hold” from Analysts

Shares of Kite Realty Group Trust (NYSE:KRG) have received an average rating of “Hold” from the six brokerages that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $25.50.

A number of equities research analysts recently commented on the stock. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a report on Thursday. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd.

Institutional Trading of Kite Realty Group Trust

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its stake in shares of Kite Realty Group Trust by 91.4% during the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 800 shares during the last quarter. Bell Investment Advisors Inc boosted its holdings in Kite Realty Group Trust by 515.9% in the 4th quarter. Bell Investment Advisors Inc now owns 1,318 shares of the real estate investment trust’s stock valued at $30,000 after purchasing an additional 1,104 shares during the period. Strategic Investment Solutions Inc. IL bought a new stake in shares of Kite Realty Group Trust in the first quarter valued at approximately $33,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Kite Realty Group Trust by 107.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 846 shares in the last quarter. Finally, Pineridge Advisors LLC acquired a new position in shares of Kite Realty Group Trust in the 4th quarter valued at approximately $39,000. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $20.56 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. Kite Realty Group Trust has a 52 week low of $19.16 and a 52 week high of $24.26. The company’s 50 day moving average price is $21.03 and its two-hundred day moving average price is $21.36. The company has a market capitalization of $4.51 billion, a P/E ratio of 93.46, a price-to-earnings-growth ratio of 2.86 and a beta of 1.29.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.00 annualized dividend and a dividend yield of 4.86%. Kite Realty Group Trust’s dividend payout ratio is presently 454.57%.

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.