Kite Realty Group Trust (NYSE:KRG) Short Interest Update

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

Analysts Set New Price Targets

A number of analysts recently issued reports on KRG shares. JPMorgan Chase & Co. dropped their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Robert W. Baird lifted their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $29.13.

Hedge Funds Weigh In On Kite Realty Group Trust

Several hedge funds and other institutional investors have recently modified their holdings of KRG. Dimensional Fund Advisors LP boosted its holdings in shares of Kite Realty Group Trust by 6.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust’s stock valued at $73,442,000 after acquiring an additional 190,380 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Kite Realty Group Trust by 82.6% during the second quarter. Renaissance Technologies LLC now owns 400,403 shares of the real estate investment trust’s stock valued at $8,961,000 after acquiring an additional 181,100 shares during the period. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Kite Realty Group Trust by 45.3% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,265 shares of the real estate investment trust’s stock valued at $408,000 after acquiring an additional 5,697 shares during the period. Hsbc Holdings PLC boosted its holdings in shares of Kite Realty Group Trust by 82.8% during the second quarter. Hsbc Holdings PLC now owns 375,103 shares of the real estate investment trust’s stock valued at $8,335,000 after acquiring an additional 169,878 shares during the period. Finally, Intech Investment Management LLC acquired a new position in shares of Kite Realty Group Trust during the second quarter valued at $522,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Up 0.4 %

KRG stock opened at $23.34 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The firm has a fifty day moving average price of $25.69 and a two-hundred day moving average price of $25.47. The firm has a market cap of $5.13 billion, a price-to-earnings ratio of -583.58, a PEG ratio of 3.17 and a beta of 1.29.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, January 10th were issued a dividend of $0.27 per share. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.63%. Kite Realty Group Trust’s payout ratio is -2,700.00%.

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.