Kite Realty Group Trust (NYSE:KRG) Short Interest Down 6.5% in March

Kite Realty Group Trust (NYSE:KRG) was the target of a significant decrease in short interest during the month of March. As of March 31st, there was short interest totalling 5,930,000 shares, a decrease of 6.5% from the March 15th total of 6,340,000 shares. Based on an average daily volume of 1,850,000 shares, the days-to-cover ratio is presently 3.2 days.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Raymond James & Associates grew its position in Kite Realty Group Trust by 32.3% during the first quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock valued at $2,657,000 after acquiring an additional 28,495 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in Kite Realty Group Trust by 14.5% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust’s stock valued at $1,542,000 after acquiring an additional 8,554 shares during the last quarter. PNC Financial Services Group Inc. grew its position in Kite Realty Group Trust by 18.9% during the first quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock valued at $153,000 after acquiring an additional 1,067 shares during the last quarter. Natixis Advisors L.P. bought a new position in Kite Realty Group Trust during the first quarter valued at approximately $448,000. Finally, Bank of Montreal Can boosted its stake in shares of Kite Realty Group Trust by 16.8% during the first quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 3,760 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have commented on KRG. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Piper Sandler upped their price objective on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Trading Up 0.9 %

Shares of Kite Realty Group Trust stock opened at $20.09 on Thursday. Kite Realty Group Trust has a 12-month low of $19.16 and a 12-month high of $24.26. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 90.55, a PEG ratio of 2.88 and a beta of 1.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The company’s 50-day moving average price is $21.08 and its 200-day moving average price is $21.37.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 454.55%.

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.