Kite Realty Group Trust (NYSE:KRG) was the target of unusually large options trading activity on Wednesday. Traders purchased 1,008 put options on the stock. This represents an increase of Infinity compared to the typical daily volume of 0 put options.

Several analysts have issued reports on KRG shares. Zacks Investment Research cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Wednesday, July 12th. BidaskClub upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Robert W. Baird reiterated a “buy” rating and issued a $23.00 target price on shares of Kite Realty Group Trust in a research note on Thursday, August 24th. KeyCorp reiterated a “hold” rating on shares of Kite Realty Group Trust in a research note on Friday, August 25th. Finally, ValuEngine cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the stock. Kite Realty Group Trust has an average rating of “Buy” and a consensus target price of $25.33.

Several hedge funds and other institutional investors have recently made changes to their positions in KRG. OppenheimerFunds Inc. raised its holdings in shares of Kite Realty Group Trust by 45.9% during the first quarter. OppenheimerFunds Inc. now owns 13,871 shares of the real estate investment trust’s stock valued at $299,000 after purchasing an additional 4,366 shares during the period. Teachers Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 17.7% during the first quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock valued at $3,478,000 after purchasing an additional 24,319 shares during the period. TIAA CREF Investment Management LLC raised its holdings in shares of Kite Realty Group Trust by 20.5% during the first quarter. TIAA CREF Investment Management LLC now owns 290,396 shares of the real estate investment trust’s stock valued at $6,244,000 after purchasing an additional 49,390 shares during the period. California Public Employees Retirement System raised its holdings in shares of Kite Realty Group Trust by 2.4% during the first quarter. California Public Employees Retirement System now owns 188,292 shares of the real estate investment trust’s stock valued at $4,048,000 after purchasing an additional 4,500 shares during the period. Finally, Vanguard Group Inc. raised its holdings in shares of Kite Realty Group Trust by 2.6% during the first quarter. Vanguard Group Inc. now owns 13,629,473 shares of the real estate investment trust’s stock valued at $293,034,000 after purchasing an additional 346,198 shares during the period. Hedge funds and other institutional investors own 95.62% of the company’s stock.

Kite Realty Group Trust (NYSE KRG) opened at $18.56 on Friday. The firm has a market capitalization of $1.60 billion, a P/E ratio of 9.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62. The company has a current ratio of 0.84, a quick ratio of 0.90 and a debt-to-equity ratio of 1.06.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $87.10 million for the quarter, compared to analyst estimates of $88.16 million. Kite Realty Group Trust had a net margin of 3.60% and a return on equity of 0.80%. Kite Realty Group Trust’s revenue for the quarter was down 2.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.52 earnings per share. equities analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Stockholders of record on Friday, October 6th were issued a dividend of $0.3025 per share. The ex-dividend date of this dividend was Thursday, October 5th. This represents a $1.21 annualized dividend and a dividend yield of 6.52%. Kite Realty Group Trust’s dividend payout ratio is currently 806.67%.

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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.

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