Kite Realty Group Trust (NYSE:KRG) has been given an average recommendation of “Hold” by the twelve analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and five have given a buy rating to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $18.00.
A number of analysts have recently issued reports on the company. Barclays reiterated a “buy” rating and set a $19.00 price target on shares of Kite Realty Group Trust in a research report on Tuesday, April 17th. Sandler O’Neill set a $15.00 price target on Kite Realty Group Trust and gave the company a “hold” rating in a research report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $19.00 price target on shares of Kite Realty Group Trust in a research report on Wednesday, March 21st. ValuEngine cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Citigroup decreased their price objective on Kite Realty Group Trust from $20.50 to $16.00 and set a “neutral” rating on the stock in a report on Tuesday, February 6th.
Shares of KRG opened at $14.22 on Friday. The stock has a market cap of $1,197.15, a PE ratio of 7.02, a price-to-earnings-growth ratio of 1.69 and a beta of 0.47. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 1.09. Kite Realty Group Trust has a 12-month low of $13.90 and a 12-month high of $21.57.
The company also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, April 6th were issued a dividend of $0.3175 per share. The ex-dividend date of this dividend was Thursday, April 5th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 8.93%. Kite Realty Group Trust’s dividend payout ratio is 62.25%.
In related news, Director William E. Bindley purchased 100,000 shares of the firm’s stock in a transaction on Tuesday, February 6th. The shares were acquired at an average cost of $15.06 per share, with a total value of $1,506,000.00. Following the purchase, the director now directly owns 85,014 shares of the company’s stock, valued at $1,280,310.84. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Charles H. Wurtzebach purchased 6,600 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $14.65 per share, for a total transaction of $96,690.00. The disclosure for this purchase can be found here. Company insiders own 1.93% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio increased its stake in Kite Realty Group Trust by 3.1% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 96,169 shares of the real estate investment trust’s stock worth $1,947,000 after purchasing an additional 2,881 shares during the period. Strs Ohio increased its stake in Kite Realty Group Trust by 2.3% in the 4th quarter. Strs Ohio now owns 130,886 shares of the real estate investment trust’s stock worth $2,565,000 after purchasing an additional 2,973 shares during the period. Thrivent Financial For Lutherans increased its stake in Kite Realty Group Trust by 4.4% in the 4th quarter. Thrivent Financial For Lutherans now owns 85,126 shares of the real estate investment trust’s stock worth $1,668,000 after purchasing an additional 3,625 shares during the period. Swiss National Bank increased its stake in Kite Realty Group Trust by 2.7% in the 4th quarter. Swiss National Bank now owns 140,900 shares of the real estate investment trust’s stock worth $2,762,000 after purchasing an additional 3,700 shares during the period. Finally, Nisa Investment Advisors LLC increased its stake in Kite Realty Group Trust by 80.2% in the 4th quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the real estate investment trust’s stock worth $286,000 after purchasing an additional 6,500 shares during the period. 95.11% of the stock is currently owned by institutional investors and hedge funds.
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Kite Realty Group Trust Company Profile
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. As of December 31, 2017, we owned interests in 117 operating and redevelopment properties totaling approximately 23.3 million square feet and two development projects currently under construction.
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