Kite Realty Group Trust (NYSE:KRG) declared a quarterly dividend on Wednesday, November 23rd. Shareholders of record on Friday, January 6th will be paid a dividend of 0.3025 per share on Friday, January 13th. This represents a $1.21 dividend on an annualized basis and a yield of 4.97%. The ex-dividend date is Wednesday, January 4th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.29.

Kite Realty Group Trust (NYSE:KRG) opened at 24.34 on Thursday. Kite Realty Group Trust has a one year low of $23.47 and a one year high of $30.45. The firm has a market cap of $2.03 billion, a price-to-earnings ratio of 811.33 and a beta of 0.75. The firm has a 50-day moving average of $25.21 and a 200-day moving average of $27.37.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, October 27th. The company reported $0.52 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.52. The business earned $89.10 million during the quarter, compared to the consensus estimate of $88.39 million. Kite Realty Group Trust had a net margin of 2.67% and a return on equity of 0.56%. The firm’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.51 EPS. Analysts anticipate that Kite Realty Group Trust will post $2.05 EPS for the current year.

Dividend History for Kite Realty Group Trust (NYSE:KRG)

Several equities research analysts recently commented on the stock. Hilliard Lyons downgraded shares of Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a research report on Monday, August 1st. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, August 2nd. Finally, BTIG Research assumed coverage on shares of Kite Realty Group Trust in a research report on Thursday, August 25th. They issued a “buy” rating and a $35.00 price target for the company. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $32.00.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Stratos Wealth Partners LTD. raised its position in Kite Realty Group Trust by 23.2% in the second quarter. Stratos Wealth Partners LTD. now owns 11,344 shares of the company’s stock valued at $318,000 after buying an additional 2,133 shares in the last quarter. TFS Capital LLC bought a new position in Kite Realty Group Trust during the second quarter valued at $323,000. Hsbc Holdings PLC raised its position in Kite Realty Group Trust by 12.4% in the second quarter. Hsbc Holdings PLC now owns 13,866 shares of the company’s stock valued at $389,000 after buying an additional 1,534 shares in the last quarter. Advisor Group Inc. bought a new position in Kite Realty Group Trust during the second quarter valued at $404,000. Finally, Profund Advisors LLC raised its position in Kite Realty Group Trust by 5.5% in the second quarter. Profund Advisors LLC now owns 31,817 shares of the company’s stock valued at $892,000 after buying an additional 1,646 shares in the last quarter. Hedge funds and other institutional investors own 92.72% of the company’s stock.

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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., 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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