Kite Realty Group Trust (NYSE:KRG) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, six have assigned a hold rating and three have given a buy rating to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $17.75.
A number of research firms recently commented on KRG. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Citigroup decreased their target price on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating for the company in a research report on Thursday, November 29th. Finally, Robert W. Baird cut shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a research report on Wednesday, October 24th.
NYSE:KRG remained flat at $$16.06 during midday trading on Monday. 129,828 shares of the company were exchanged, compared to its average volume of 460,178. Kite Realty Group Trust has a 12 month low of $13.87 and a 12 month high of $20.24. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.89 and a quick ratio of 0.89. The stock has a market capitalization of $1.34 billion, a PE ratio of 7.87, a price-to-earnings-growth ratio of 2.04 and a beta of 0.50.
The business also recently declared a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, January 4th will be issued a $0.3175 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.91%. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Cornerstone Wealth Management LLC acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $334,000. Meeder Asset Management Inc. increased its stake in shares of Kite Realty Group Trust by 244.7% in the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock worth $135,000 after acquiring an additional 5,766 shares during the period. Rehmann Capital Advisory Group increased its stake in shares of Kite Realty Group Trust by 1,521.8% in the third quarter. Rehmann Capital Advisory Group now owns 9,990 shares of the real estate investment trust’s stock worth $600,000 after acquiring an additional 9,374 shares during the period. Koshinski Asset Management Inc. acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $171,000. Finally, Fort Washington Investment Advisors Inc. OH acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $185,000. 91.31% of the stock is owned by institutional investors and hedge funds.
Kite Realty Group Trust Company Profile
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 tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.
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