Kite Realty Group Trust (NYSE:KRG) has received an average rating of “Buy” from the ten research firms that are currently covering the stock, Marketbeat Ratings reports. Five equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $26.00.

KRG has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Wednesday, July 12th. Robert W. Baird reissued a “buy” rating and set a $23.00 target price on shares of Kite Realty Group Trust in a report on Thursday, August 24th. BidaskClub raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Tuesday, June 27th. KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. Finally, ValuEngine downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.

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A number of hedge funds have recently bought and sold shares of the business. Perigon Wealth Management LLC lifted its stake in Kite Realty Group Trust by 58.1% in the second quarter. Perigon Wealth Management LLC now owns 6,800 shares of the real estate investment trust’s stock valued at $129,000 after buying an additional 2,500 shares during the last quarter. Piedmont Investment Advisors LLC bought a new position in shares of Kite Realty Group Trust during the second quarter worth about $342,000. Kemper Corp Master Retirement Trust grew its position in shares of Kite Realty Group Trust by 46.0% during the second quarter. Kemper Corp Master Retirement Trust now owns 10,075 shares of the real estate investment trust’s stock worth $191,000 after acquiring an additional 3,175 shares during the last quarter. State Street Corp grew its position in shares of Kite Realty Group Trust by 1.7% during the second quarter. State Street Corp now owns 3,348,017 shares of the real estate investment trust’s stock worth $63,381,000 after acquiring an additional 57,564 shares during the last quarter. Finally, Macquarie Group Ltd. grew its position in shares of Kite Realty Group Trust by 51.5% during the second quarter. Macquarie Group Ltd. now owns 2,113,325 shares of the real estate investment trust’s stock worth $40,006,000 after acquiring an additional 718,197 shares during the last quarter. Institutional investors own 95.74% of the company’s stock.

Kite Realty Group Trust (NYSE KRG) traded up 0.15% on Wednesday, reaching $20.25. 263,253 shares of the company’s stock were exchanged. The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of 144.64 and a beta of 0.57. The stock’s 50 day moving average price is $20.24 and its 200 day moving average price is $19.94. Kite Realty Group Trust has a 1-year low of $17.60 and a 1-year high of $26.74.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, October 6th will be paid a dividend of $0.3025 per share. The ex-dividend date of this dividend is Thursday, October 5th. This represents a $1.21 dividend on an annualized basis and a yield of 5.98%. Kite Realty Group Trust’s payout ratio is currently 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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