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 Trading Up 3.4 %
NYSE:KRG opened at $22.01 on Friday. The company has a quick ratio of 2.16, a current ratio of 1.25 and a debt-to-equity ratio of 0.77. The stock's 50-day simple moving average is $18.64 and its 200 day simple moving average is $20.66. Kite Realty Group Trust has a 52-week low of $16.68 and a 52-week high of $23.35.
Kite Realty Group Trust Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Stockholders of record on Friday, October 7th will be given a $0.22 dividend. This is an increase 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 annualized dividend and a dividend yield of 4.00%. Kite Realty Group Trust's dividend payout ratio is presently -135.48%.
Analyst Ratings Changes
KRG has been the topic of several recent research reports. Capital One Financial reissued an "overweight" rating on shares of Kite Realty Group Trust in a research report on Wednesday, May 25th. Barclays cut their target price on shares of Kite Realty Group Trust from $29.00 to $28.00 and set an "overweight" rating on the stock in a research note on Friday, July 15th. Compass Point cut their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "buy" rating on the stock in a research note on Wednesday, June 22nd. Jefferies Financial Group downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Thursday, June 30th. Finally, Piper Sandler cut their price target on Kite Realty Group Trust to $25.00 in a research note on Monday, July 4th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $26.00.