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.
Kite Realty Group Trust Price Performance
NYSE:KRG opened at $22.21 on Tuesday. The firm has a market cap of $4.86 billion, a price-to-earnings ratio of -35.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.32. The company has a 50 day moving average price of $18.67 and a 200-day moving average price of $20.67. 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 1-year low of $16.68 and a 1-year high of $23.35.
Kite Realty Group Trust Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Investors of record on Friday, October 7th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 3.96%. The ex-dividend date of this dividend is Thursday, October 6th. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.21. Kite Realty Group Trust's payout ratio is presently -135.48%.
Analysts Set New Price Targets
KRG has been the subject of several research analyst reports. Barclays decreased their price objective on shares of Kite Realty Group Trust from $29.00 to $28.00 and set an "overweight" rating for the company in a research report on Friday, July 15th. Robert W. Baird lifted their target price on shares of Kite Realty Group Trust from $25.00 to $26.00 in a research note on Monday. Piper Sandler lowered their target price on shares of Kite Realty Group Trust to $25.00 in a research note on Monday, July 4th. StockNews.com upgraded shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Monday. Finally, Jefferies Financial Group cut 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 assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and an average target price of $26.29.