Kite Realty Group Trust (NYSE:KRG) Short Interest Up 7.0% in May

Kite Realty Group Trust (NYSE:KRGGet Free Report) was the target of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 6,240,000 shares, a growth of 7.0% from the May 15th total of 5,830,000 shares. Based on an average daily volume of 1,640,000 shares, the short-interest ratio is currently 3.8 days.

Kite Realty Group Trust Price Performance

NYSE KRG traded down $0.07 during trading on Tuesday, reaching $21.81. 1,085,418 shares of the company traded hands, compared to its average volume of 1,740,730. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.72 and a current ratio of 2.72. The stock’s 50 day moving average price is $21.28 and its two-hundred day moving average price is $21.57. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 83.87, a P/E/G ratio of 5.54 and a beta of 1.28. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $24.26.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Tuesday, July 9th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 4.59%. The ex-dividend date is Tuesday, July 9th. Kite Realty Group Trust’s payout ratio is currently 384.63%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the company. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Wells Fargo & Company boosted their price target on Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Finally, Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, April 18th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.40.

View Our Latest Stock Report on Kite Realty Group Trust

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Duality Advisers LP acquired a new position in shares of Kite Realty Group Trust in the 4th quarter worth approximately $973,000. LSV Asset Management boosted its holdings in shares of Kite Realty Group Trust by 33.4% in the 4th quarter. LSV Asset Management now owns 917,000 shares of the real estate investment trust’s stock worth $20,963,000 after acquiring an additional 229,788 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kite Realty Group Trust by 2.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock worth $76,448,000 after acquiring an additional 90,897 shares in the last quarter. Wellington Management Group LLP acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $8,160,000. Finally, Walleye Trading LLC acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $1,349,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Company Profile

(Get Free Report)

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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