KeyCorp restated their hold rating on shares of Kite Realty Group Trust (NYSE:KRG) in a research note published on Friday morning.

KRG has been the subject of a number of other reports. BidaskClub upgraded shares of Kite Realty Group Trust from a hold rating to a buy rating in a research report on Tuesday, August 1st. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a sell rating to a hold rating in a research report on Friday, April 28th. Robert W. Baird reiterated a buy rating and set a $23.00 price objective on shares of Kite Realty Group Trust in a research report on Thursday, August 24th. Finally, ValuEngine cut shares of Kite Realty Group Trust from a buy rating to a hold rating in a research report on Friday, June 2nd. Five research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $25.33.

Kite Realty Group Trust (KRG) opened at 20.09 on Friday. The company has a 50-day moving average price of $20.02 and a 200-day moving average price of $20.37. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 143.50 and a beta of 0.57. Kite Realty Group Trust has a one year low of $17.60 and a one year high of $29.62.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings data on Wednesday, July 26th. The real estate investment trust reported $0.54 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.03. The business had revenue of $92.65 million during the quarter, compared to analysts’ expectations of $88.42 million. Kite Realty Group Trust had a net margin of 3.29% and a return on equity of 0.73%. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.52 EPS. Equities research analysts anticipate that Kite Realty Group Trust will post ($0.05) EPS for the current year.

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The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, October 6th will be given a $0.3025 dividend. This represents a $1.21 annualized dividend and a yield of 6.02%. The ex-dividend date of this dividend is Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 864.29%.

A number of institutional investors have recently made changes to their positions in KRG. Glen Harbor Capital Management LLC boosted its position in shares of Kite Realty Group Trust by 18.6% in the first quarter. Glen Harbor Capital Management LLC now owns 4,648 shares of the real estate investment trust’s stock valued at $100,000 after buying an additional 728 shares during the period. Independent Portfolio Consultants Inc. boosted its position in shares of Kite Realty Group Trust by 25.7% in the first quarter. Independent Portfolio Consultants Inc. now owns 5,078 shares of the real estate investment trust’s stock valued at $109,000 after buying an additional 1,039 shares during the period. SG Americas Securities LLC boosted its position in shares of Kite Realty Group Trust by 11.5% in the second quarter. SG Americas Securities LLC now owns 5,394 shares of the real estate investment trust’s stock valued at $102,000 after buying an additional 557 shares during the period. Elkfork Partners LLC boosted its position in shares of Kite Realty Group Trust by 18.6% in the first quarter. Elkfork Partners LLC now owns 5,644 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 884 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in shares of Kite Realty Group Trust by 30.5% in the first quarter. Daiwa Securities Group Inc. now owns 6,425 shares of the real estate investment trust’s stock valued at $138,000 after buying an additional 1,500 shares during the period. Hedge funds and other institutional investors own 95.81% of the company’s stock.

Kite Realty Group Trust Company Profile

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

Analyst Recommendations for Kite Realty Group Trust (NYSE:KRG)

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