Research Analysts’ Recent Ratings Updates for Kite Realty Group Trust (KRG)

A number of firms have modified their ratings and price targets on shares of Kite Realty Group Trust (NYSE: KRG) recently:

• 9/4/2024 – Kite Realty Group Trust had its price target raised by analysts at Compass Point from $29.00 to $32.00. They now have a “buy” rating on the stock.
• 9/3/2024 – Kite Realty Group Trust had its price target raised by analysts at Piper Sandler from $30.00 to $33.00. They now have an “overweight” rating on the stock.
• 8/28/2024 – Kite Realty Group Trust was upgraded by analysts at Wells Fargo & Company from an “underweight” rating to an “equal weight” rating. They now have a $26.00 price target on the stock, up previously from $23.00.
• 8/20/2024 – Kite Realty Group Trust had its price target raised by analysts at KeyCorp from $25.00 to $28.00. They now have an “overweight” rating on the stock.
• 8/16/2024 – Kite Realty Group Trust was upgraded by analysts at Raymond James from a “market perform” rating to a “strong-buy” rating. They now have a $28.00 price target on the stock.
• 7/31/2024 – Kite Realty Group Trust had its price target raised by analysts at Robert W. Baird from $25.00 to $26.00. They now have a “neutral” rating on the stock.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock traded up $0.01 during trading hours on Tuesday, hitting $25.94. The stock had a trading volume of 606,073 shares, compared to its average volume of 1,613,485. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $26.33. The company has a market cap of $5.70 billion, a PE ratio of 99.77, a price-to-earnings-growth ratio of 3.92 and a beta of 1.29. The company has a 50-day moving average of $24.34 and a two-hundred day moving average of $22.36. The company has a quick ratio of 2.08, a current ratio of 2.08 and a debt-to-equity ratio of 0.88.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th will be issued a $0.26 dividend. The ex-dividend date is Wednesday, October 9th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.25. This represents a $1.04 dividend on an annualized basis and a dividend yield of 4.01%. Kite Realty Group Trust’s dividend payout ratio is presently 400.00%.

Institutional Investors Weigh In On Kite Realty Group Trust

A number of large investors have recently bought and sold shares of KRG. Charles Schwab Investment Management Inc. increased its stake in shares of Kite Realty Group Trust by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock valued at $76,448,000 after buying an additional 90,897 shares during the period. Entropy Technologies LP acquired a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $594,000. Vanguard Group Inc. raised its stake in shares of Kite Realty Group Trust by 2.7% during the first quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust’s stock worth $728,391,000 after buying an additional 881,502 shares during the last quarter. Balyasny Asset Management L.P. lifted its holdings in Kite Realty Group Trust by 28.6% in the fourth quarter. Balyasny Asset Management L.P. now owns 3,120,121 shares of the real estate investment trust’s stock valued at $71,326,000 after buying an additional 693,852 shares during the period. Finally, Boston Partners bought a new position in Kite Realty Group Trust in the first quarter valued at approximately $752,000. 90.81% of the stock is currently owned by institutional investors.

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.