Kite Realty Group Trust (NYSE:KRG – Get Free Report)’s stock price hit a new 52-week high on Wednesday . The company traded as high as $23.25 and last traded at $23.10, with a volume of 96529 shares changing hands. The stock had previously closed at $22.91.
Wall Street Analyst Weigh In
A number of brokerages have recently weighed in on KRG. StockNews.com began coverage on Kite Realty Group Trust in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Barclays lifted their price objective on Kite Realty Group Trust from $27.00 to $28.00 in a research report on Wednesday, June 21st. Wells Fargo & Company initiated coverage on Kite Realty Group Trust in a research report on Tuesday, May 23rd. They issued an “underweight” rating and a $20.00 price objective for the company. Piper Sandler lifted their price objective on Kite Realty Group Trust from $26.00 to $28.00 in a research report on Monday, May 8th. Finally, JPMorgan Chase & Co. initiated coverage on Kite Realty Group Trust in a research report on Monday, April 24th. They issued a “neutral” rating and a $23.00 price objective for the company. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Kite Realty Group Trust currently has an average rating of “Hold” and a consensus target price of $24.63.
Kite Realty Group Trust Price Performance
The company has a market capitalization of $5.04 billion, a price-to-earnings ratio of 766.59, a price-to-earnings-growth ratio of 2.23 and a beta of 1.39. The company has a 50-day moving average price of $21.01 and a 200-day moving average price of $20.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.92.
Kite Realty Group Trust Dividend Announcement
Hedge Funds Weigh In On Kite Realty Group Trust
Institutional investors have recently modified their holdings of the business. Vestmark Advisory Solutions Inc. lifted its holdings in shares of Kite Realty Group Trust by 39.4% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 33,032 shares of the real estate investment trust’s stock valued at $695,000 after purchasing an additional 9,335 shares in the last quarter. Natixis bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $3,633,000. Arete Wealth Advisors LLC lifted its holdings in shares of Kite Realty Group Trust by 20.6% during the 4th quarter. Arete Wealth Advisors LLC now owns 15,358 shares of the real estate investment trust’s stock valued at $323,285,900,000 after purchasing an additional 2,620 shares in the last quarter. ProShare Advisors LLC lifted its stake in Kite Realty Group Trust by 15.4% in the 4th quarter. ProShare Advisors LLC now owns 41,533 shares of the real estate investment trust’s stock valued at $874,000 after acquiring an additional 5,538 shares in the last quarter. Finally, Hill Winds Capital LP bought a new stake in Kite Realty Group Trust in the 4th quarter valued at approximately $4,631,000. Institutional investors own 94.48% of the company’s stock.
Kite Realty Group Trust Company Profile
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.
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