Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers. Using operational, development, and redevelopment expertise, we continuously optimize our portfolio to maximize value and return to our shareholders.
Analysts Set New Price Targets
Several research firms have weighed in on KRG. Capital One Financial reiterated an "overweight" rating on shares of Kite Realty Group Trust in a research report on Wednesday, May 25th. Barclays lowered their price objective on shares of Kite Realty Group Trust from $29.00 to $28.00 and set an "overweight" rating on the stock in a research report on Friday, July 15th. Compass Point lowered their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "buy" rating on the stock in a research report on Wednesday, June 22nd. Robert W. Baird lifted their price objective on shares of Kite Realty Group Trust from $25.00 to $26.00 in a research report on Monday. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Thursday, June 30th. Two investment analysts have rated the stock with a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $26.29.
Kite Realty Group Trust Stock Up 0.1 %
Kite Realty Group Trust stock opened at $22.23 on Wednesday. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of -35.85, a P/E/G ratio of 1.32 and a beta of 1.32. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 1.25. Kite Realty Group Trust has a fifty-two week low of $16.68 and a fifty-two week high of $23.35. The firm has a fifty day moving average price of $18.70 and a two-hundred day moving average price of $20.67.
Kite Realty Group Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, October 7th will be given a dividend of $0.22 per share. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.21. The ex-dividend date is Thursday, October 6th. This represents a $0.88 dividend on an annualized basis and a yield of 3.96%. Kite Realty Group Trust's payout ratio is currently -135.48%.