Analysts Set Kite Realty Group Trust (NYSE:KRG) PT at $25.50

Shares of Kite Realty Group Trust (NYSE:KRG) have been given an average rating of “Hold” by the six analysts that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $25.50.

A number of brokerages have recently commented on KRG. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, April 18th. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $21.69 on Friday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. The stock has a fifty day moving average of $21.02 and a two-hundred day moving average of $21.39. The company has a market capitalization of $4.76 billion, a price-to-earnings ratio of 98.60, a PEG ratio of 3.00 and a beta of 1.29. Kite Realty Group Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.26.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.61%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 454.57%.

Hedge Funds Weigh In On Kite Realty Group Trust

Hedge funds and other institutional investors have recently made changes to their positions in the business. Pineridge Advisors LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $39,000. Wolverine Asset Management LLC lifted its position in Kite Realty Group Trust by 280.5% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,327 shares during the period. Blue Trust Inc. lifted its position in Kite Realty Group Trust by 41.7% in the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after purchasing an additional 742 shares during the period. Creekmur Asset Management LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $107,000. Finally, VitalStone Financial LLC acquired a new stake in Kite Realty Group Trust in the third quarter worth approximately $161,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

About Kite Realty Group Trust

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.