Short Interest in Kite Realty Group Trust (NYSE:KRG) Increases By 7.8%

Kite Realty Group Trust (NYSE:KRG) was the target of a large increase in short interest in the month of January. As of January 15th, there was short interest totalling 7,560,000 shares, an increase of 7.8% from the December 31st total of 7,010,000 shares. Based on an average trading volume of 1,570,000 shares, the short-interest ratio is presently 4.8 days.

Institutional Trading of Kite Realty Group Trust

Several hedge funds and other institutional investors have recently bought and sold shares of KRG. EMC Capital Management raised its holdings in shares of Kite Realty Group Trust by 4.9% during the fourth quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust’s stock worth $242,000 after purchasing an additional 447 shares during the period. Fifth Third Bancorp grew its holdings in Kite Realty Group Trust by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust’s stock worth $465,000 after buying an additional 466 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Kite Realty Group Trust by 0.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock valued at $2,554,000 after acquiring an additional 483 shares during the period. State of Alaska Department of Revenue raised its stake in Kite Realty Group Trust by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after acquiring an additional 484 shares in the last quarter. Finally, Marcum Wealth LLC grew its stake in shares of Kite Realty Group Trust by 1.4% in the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after purchasing an additional 571 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Down 0.5 %

Shares of NYSE:KRG traded down $0.12 during midday trading on Tuesday, reaching $22.75. The company had a trading volume of 150,602 shares, compared to its average volume of 1,915,385. The stock’s fifty day moving average price is $25.05 and its 200-day moving average price is $25.52. The stock has a market capitalization of $5.00 billion, a P/E ratio of -568.63, a PEG ratio of 3.62 and a beta of 1.27. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08.

Analyst Ratings Changes

KRG has been the topic of several research reports. KeyCorp raised their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company dropped their target price on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird upped their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Finally, Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $29.13.

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.