Brokerages Set Kite Realty Group Trust (NYSE:KRG) Price Target at $25.50

Shares of Kite Realty Group Trust (NYSE:KRG - Get Free Report) have received an average rating of "Hold" from the six analysts that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $25.50.

Several research analysts have recently issued reports 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 target price 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.

Kite Realty Group Trust Trading Up 1.6 %

Shares of Kite Realty Group Trust stock traded up $0.33 on Friday, hitting $20.89. The stock had a trading volume of 3,042,587 shares, compared to its average volume of 1,884,548. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.79. Kite Realty Group Trust has a one year low of $19.16 and a one year high of $24.26. The stock has a market cap of $4.59 billion, a price-to-earnings ratio of 94.64, a PEG ratio of 2.89 and a beta of 1.29. The stock's 50-day simple moving average is $21.03 and its two-hundred day simple moving average is $21.36.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 454.57%.

Institutional Trading of Kite Realty Group Trust

Large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. lifted its position in Kite Realty Group Trust by 12.4% during the first quarter. BlackRock Inc. now owns 34,531,664 shares of the real estate investment trust's stock valued at $722,402,000 after buying an additional 3,818,524 shares during the period. Norges Bank purchased a new position in Kite Realty Group Trust during the fourth quarter valued at $52,746,000. State Street Corp lifted its position in Kite Realty Group Trust by 15.0% during the first quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust's stock valued at $300,695,000 after buying an additional 1,726,009 shares during the period. Macquarie Group Ltd. lifted its position in Kite Realty Group Trust by 16.6% during the second quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust's stock valued at $154,637,000 after buying an additional 1,275,585 shares during the period. Finally, Strs Ohio lifted its position in Kite Realty Group Trust by 156.6% during the fourth quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust's stock valued at $42,731,000 after buying an additional 1,140,700 shares during the period. 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.