Barclays reaffirmed their buy rating on shares of Kite Realty Group Trust (NYSE:KRG) in a research note issued to investors on Thursday. Barclays currently has a $20.00 price target on the real estate investment trust’s stock.

Other analysts have also recently issued reports about the stock. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a sell rating to a hold rating in a research note on Wednesday, November 15th. ValuEngine cut shares of Kite Realty Group Trust from a buy rating to a hold rating in a research note on Friday, February 2nd. DA Davidson cut shares of Kite Realty Group Trust from a buy rating to a neutral rating and set a $16.00 target price for the company. in a research note on Monday, February 5th. Bank of America cut shares of Kite Realty Group Trust from a buy rating to a neutral rating in a research note on Friday, February 2nd. Finally, Citigroup lowered their target price on shares of Kite Realty Group Trust from $20.50 to $16.00 and set a neutral rating for the company in a research note on Tuesday, February 6th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $20.00.

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Shares of Kite Realty Group Trust (NYSE:KRG) opened at $15.38 on Thursday. The company has a market cap of $1,285.77, a P/E ratio of 109.86, a P/E/G ratio of 1.81 and a beta of 0.50. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.05 and a quick ratio of 1.05. Kite Realty Group Trust has a 12 month low of $13.90 and a 12 month high of $22.34.

Kite Realty Group Trust (NYSE:KRG) last released its earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, hitting analysts’ consensus estimates of $0.50. The company had revenue of $88.90 million during the quarter, compared to analysts’ expectations of $89.14 million. Kite Realty Group Trust had a net margin of 3.31% and a return on equity of 0.74%. Kite Realty Group Trust’s revenue for the quarter was up .0% on a year-over-year basis. During the same period last year, the business earned $0.50 EPS. analysts anticipate that Kite Realty Group Trust will post 2.01 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, April 6th will be paid a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 8.26%. The ex-dividend date of this dividend is Thursday, April 5th. Kite Realty Group Trust’s payout ratio is 907.14%.

In other Kite Realty Group Trust news, Director Charles H. Wurtzebach acquired 6,600 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average cost of $14.65 per share, for a total transaction of $96,690.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, COO Thomas K. Mcgowan sold 5,000 shares of Kite Realty Group Trust stock in a transaction that occurred on Friday, December 22nd. The shares were sold at an average price of $19.22, for a total transaction of $96,100.00. Following the sale, the chief operating officer now owns 86,751 shares of the company’s stock, valued at $1,667,354.22. The disclosure for this sale can be found here. Insiders own 1.87% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in KRG. Zions Bancorporation acquired a new stake in Kite Realty Group Trust during the 3rd quarter valued at approximately $111,000. Certified Advisory Corp acquired a new stake in Kite Realty Group Trust during the 4th quarter valued at approximately $137,000. Xact Kapitalforvaltning AB acquired a new stake in Kite Realty Group Trust during the 4th quarter valued at approximately $202,000. Cetera Advisors LLC acquired a new stake in Kite Realty Group Trust during the 3rd quarter valued at approximately $223,000. Finally, Schroder Investment Management Group acquired a new stake in Kite Realty Group Trust during the 3rd quarter valued at approximately $223,000. Institutional investors and hedge funds own 94.06% 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., 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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