Kite Realty Group Trust (NYSE:KRG) has been assigned an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $26.00.

Several equities analysts have recently weighed in on the stock. ValuEngine lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Zacks Investment Research lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, July 28th. KeyCorp reaffirmed a “hold” rating on shares of Kite Realty Group Trust in a report on Friday, August 25th. Finally, Robert W. Baird reaffirmed a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th.

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A number of hedge funds and other institutional investors have recently modified their holdings of KRG. Teachers Advisors LLC increased its holdings in Kite Realty Group Trust by 3.3% in the 4th quarter. Teachers Advisors LLC now owns 137,455 shares of the real estate investment trust’s stock worth $3,227,000 after acquiring an additional 4,343 shares in the last quarter. Nisa Investment Advisors LLC increased its holdings in Kite Realty Group Trust by 576.5% in the 1st quarter. Nisa Investment Advisors LLC now owns 54,800 shares of the real estate investment trust’s stock worth $1,178,000 after acquiring an additional 46,700 shares in the last quarter. ProShare Advisors LLC increased its holdings in Kite Realty Group Trust by 144.7% in the 1st quarter. ProShare Advisors LLC now owns 91,032 shares of the real estate investment trust’s stock worth $736,000 after acquiring an additional 53,834 shares in the last quarter. Glen Harbor Capital Management LLC increased its holdings in Kite Realty Group Trust by 18.6% in the 1st quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock worth $100,000 after acquiring an additional 728 shares in the last quarter. Finally, Russell Investments Group Ltd. increased its holdings in Kite Realty Group Trust by 597.9% in the 1st quarter. Russell Investments Group Ltd. now owns 117,861 shares of the real estate investment trust’s stock worth $2,534,000 after acquiring an additional 100,972 shares in the last quarter. 95.81% of the stock is owned by institutional investors.

Shares of Kite Realty Group Trust (NYSE KRG) traded down 0.54% during mid-day trading on Friday, hitting $20.34. 348,986 shares of the stock were exchanged. The stock’s 50-day moving average price is $20.36 and its 200-day moving average price is $20.15. The company has a market cap of $1.70 billion, a P/E ratio of 145.29 and a beta of 0.57. Kite Realty Group Trust has a 52-week low of $17.60 and a 52-week high of $28.95.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.03. The firm had revenue of $92.65 million during the quarter, compared to analyst estimates of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.52 EPS. Equities research analysts anticipate that Kite Realty Group Trust will post ($0.05) earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be issued a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s payout ratio is presently 864.29%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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