Kite Realty Group Trust (NYSE:KRG) Sets New 12-Month High at $24.26

Shares of Kite Realty Group Trust (NYSE:KRG) reached a new 52-week high during trading on Tuesday . The stock traded as high as $24.26 and last traded at $24.15, with a volume of 578985 shares traded. The stock had previously closed at $23.99.

Analysts Set New Price Targets

KRG has been the topic of a number of recent research reports. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, April 18th. Wells Fargo & Company upped their price target on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $26.00.

Kite Realty Group Trust Trading Up 0.3 %

The firm has a market cap of $5.20 billion, a PE ratio of 91.04, a P/E/G ratio of 6.08 and a beta of 1.31. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. The company’s 50 day moving average price is $22.19 and its two-hundred day moving average price is $21.59.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 9th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date was Tuesday, July 9th. Kite Realty Group Trust’s payout ratio is presently 384.63%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pineridge Advisors LLC purchased a new position in Kite Realty Group Trust during the 4th quarter valued at about $39,000. Wolverine Asset Management LLC increased its position in Kite Realty Group Trust by 280.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock valued at $41,000 after purchasing an additional 1,327 shares during the period. Fidelis Capital Partners LLC purchased a new position in shares of Kite Realty Group Trust in the 1st quarter worth approximately $42,000. GAMMA Investing LLC grew its position in shares of Kite Realty Group Trust by 158.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock worth $44,000 after buying an additional 1,204 shares during the last quarter. Finally, SageView Advisory Group LLC purchased a new position in shares of Kite Realty Group Trust in the 1st quarter worth approximately $52,000. 90.81% of the stock is currently owned by institutional investors.

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.