Kite Realty Group Trust (NYSE:KRG) Short Interest Down 6.5% in March

Kite Realty Group Trust (NYSE:KRG - Get Free Report) was the recipient of a large decrease in short interest in March. As of March 31st, there was short interest totalling 5,930,000 shares, a decrease of 6.5% from the March 15th total of 6,340,000 shares. Based on an average daily volume of 1,850,000 shares, the short-interest ratio is currently 3.2 days.

Institutional Investors Weigh In On Kite Realty Group Trust

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James & Associates boosted its position in shares of Kite Realty Group Trust by 32.3% during the first quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust's stock worth $2,657,000 after acquiring an additional 28,495 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of Kite Realty Group Trust by 14.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust's stock valued at $1,542,000 after purchasing an additional 8,554 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Kite Realty Group Trust by 18.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust's stock valued at $153,000 after purchasing an additional 1,067 shares during the last quarter. Natixis Advisors L.P. purchased a new position in shares of Kite Realty Group Trust during the first quarter valued at about $448,000. Finally, Bank of Montreal Can grew its position in shares of Kite Realty Group Trust by 16.8% during the first quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust's stock valued at $601,000 after purchasing an additional 3,760 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG traded down $0.09 during mid-day trading on Tuesday, reaching $19.93. The company's stock had a trading volume of 2,913,581 shares, compared to its average volume of 1,858,870. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick 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 stock has a fifty day moving average of $21.11 and a two-hundred day moving average of $21.38. The firm has a market capitalization of $4.37 billion, a PE ratio of 90.64, a P/E/G ratio of 2.90 and a beta of 1.29.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.00 annualized dividend and a yield of 5.02%. Kite Realty Group Trust's payout ratio is 454.57%.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Piper Sandler upped their price objective on Kite Realty Group Trust from $28.00 to $30.00 and gave the stock an "overweight" rating in a research note on Wednesday, December 20th. StockNews.com upgraded Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.00.

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.