Compass Point Raises Kite Realty Group Trust (NYSE:KRG) Price Target to $32.00

Kite Realty Group Trust (NYSE:KRG) had its price objective hoisted by Compass Point from $29.00 to $32.00 in a research report report published on Wednesday morning, Benzinga reports. They currently have a buy rating on the real estate investment trust’s stock.

Several other equities analysts have also commented on KRG. KeyCorp boosted their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an overweight rating in a research report on Tuesday, August 20th. Piper Sandler raised their price target on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company an overweight rating in a report on Tuesday, September 3rd. Wells Fargo & Company upgraded shares of Kite Realty Group Trust from an underweight rating to an equal weight rating and boosted their price objective for the stock from $23.00 to $26.00 in a report on Wednesday, August 28th. Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a neutral rating in a research report on Wednesday, July 31st. Finally, Raymond James raised Kite Realty Group Trust from a market perform rating to a strong-buy rating and set a $28.00 price target for the company in a report on Friday, August 16th. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of Moderate Buy and an average target price of $28.00.

Kite Realty Group Trust Trading Down 0.8 %

NYSE:KRG opened at $25.67 on Wednesday. The business’s 50-day moving average is $24.27 and its two-hundred day moving average is $22.32. The firm has a market capitalization of $5.64 billion, a PE ratio of 98.73, a price-to-earnings-growth ratio of 3.99 and a beta of 1.29. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $26.33. The company has a debt-to-equity ratio of 0.88, a current ratio of 2.08 and a quick ratio of 2.08.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 16th. Investors of record on Wednesday, October 9th will be given a dividend of $0.26 per share. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.25. This represents a $1.04 annualized dividend and a dividend yield of 4.05%. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust’s dividend payout ratio is currently 400.00%.

Hedge Funds Weigh In On Kite Realty Group Trust

A number of hedge funds have recently added to or reduced their stakes in the business. Pineridge Advisors LLC acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $39,000. Fidelis Capital Partners LLC acquired a new stake in Kite Realty Group Trust during the first quarter worth about $42,000. GAMMA Investing LLC lifted its holdings in Kite Realty Group Trust by 158.2% in the second quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,204 shares during the last quarter. Quarry LP boosted its stake in Kite Realty Group Trust by 108.4% in the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after acquiring an additional 1,167 shares during the period. Finally, SageView Advisory Group LLC acquired a new position in Kite Realty Group Trust in the first quarter valued at approximately $52,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

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.