Kite Realty Group Trust (NYSE:KRG) Stock Rating Lowered by Jefferies Financial Group

Jefferies Financial Group lowered shares of Kite Realty Group Trust (NYSE:KRG) from a buy rating to a hold rating in a research note published on Thursday morning, MarketBeat reports. They currently have $27.00 price objective on the real estate investment trust’s stock, down from their previous price objective of $31.00.

KRG has been the subject of a number of other reports. Compass Point boosted their target price on shares of Kite Realty Group Trust from $29.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th. KeyCorp increased their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird lifted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Four analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $29.43.

Kite Realty Group Trust Stock Performance

KRG stock opened at $24.73 on Thursday. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The stock has a market capitalization of $5.43 billion, a price-to-earnings ratio of -618.25, a PEG ratio of 3.81 and a beta of 1.28. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The stock’s fifty day moving average is $26.40 and its two-hundred day moving average is $25.30.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Thursday, January 9th will be issued a $0.27 dividend. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, January 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.37%. Kite Realty Group Trust’s dividend payout ratio is -2,700.00%.

Institutional Investors Weigh In On Kite Realty Group Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the business. UMB Bank n.a. grew its stake in shares of Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after purchasing an additional 950 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust during the third quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL acquired a new position in Kite Realty Group Trust in the third quarter worth approximately $45,000. Quarry LP increased its holdings in shares of Kite Realty Group Trust by 108.4% in the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after buying an additional 1,167 shares in the last quarter. Finally, GAMMA Investing LLC boosted its position in shares of Kite Realty Group Trust by 110.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,170 shares during the period. 90.81% of the stock is currently owned by institutional investors.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.