Kite Realty Group Trust (NYSE:KRG) has earned an average recommendation of “Buy” from the nine brokerages that are currently covering the firm. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokers that have covered the stock in the last year is $28.43.

A number of equities analysts recently issued reports on KRG shares. Citigroup Inc cut Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Tuesday, December 13th. Stifel Nicolaus cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $29.00 to $27.00 in a report on Monday, December 12th. Robert W. Baird upgraded Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $27.00 to $24.00 in a report on Monday, March 13th. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Finally, Barclays PLC cut their target price on Kite Realty Group Trust from $31.00 to $25.00 and set an “overweight” rating on the stock in a report on Monday, January 23rd.

A number of institutional investors have recently modified their holdings of KRG. BlackRock Group LTD boosted its position in shares of Kite Realty Group Trust by 5.5% in the third quarter. BlackRock Group LTD now owns 626,587 shares of the company’s stock valued at $17,369,000 after buying an additional 32,586 shares during the period. Prudential Financial Inc. boosted its position in shares of Kite Realty Group Trust by 0.6% in the third quarter. Prudential Financial Inc. now owns 206,561 shares of the company’s stock valued at $5,726,000 after buying an additional 1,300 shares during the period. Ameriprise Financial Inc. boosted its position in shares of Kite Realty Group Trust by 0.4% in the third quarter. Ameriprise Financial Inc. now owns 671,985 shares of the company’s stock valued at $18,627,000 after buying an additional 2,500 shares during the period. UBS Asset Management Americas Inc. boosted its position in shares of Kite Realty Group Trust by 1.8% in the third quarter. UBS Asset Management Americas Inc. now owns 132,347 shares of the company’s stock valued at $3,669,000 after buying an additional 2,357 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Kite Realty Group Trust by 9.8% in the third quarter. Neuberger Berman Group LLC now owns 682,426 shares of the company’s stock valued at $18,917,000 after buying an additional 60,991 shares during the period. Institutional investors and hedge funds own 93.36% of the company’s stock.

Kite Realty Group Trust (NYSE:KRG) opened at 21.29 on Tuesday. The firm has a 50 day moving average of $22.67 and a 200 day moving average of $24.69. Kite Realty Group Trust has a 12-month low of $19.91 and a 12-month high of $30.45. The firm has a market capitalization of $1.78 billion, a P/E ratio of 2129.00 and a beta of 0.67.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Thursday, February 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.00. Kite Realty Group Trust had a return on equity of 0.10% and a net margin of 0.45%. During the same period in the previous year, the company posted $0.50 EPS. On average, analysts forecast that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Shareholders of record on Thursday, April 6th will be paid a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 5.68%. The ex-dividend date is Tuesday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 6,053.03%.

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About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

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