Kite Realty Group Trust (NYSE:KRG) Sets New 1-Year High at $24.27

Kite Realty Group Trust (NYSE:KRG) shares hit a new 52-week high during trading on Monday . The company traded as high as $24.27 and last traded at $24.06, with a volume of 96483 shares trading hands. The stock had previously closed at $24.06.

Analyst Ratings Changes

A number of research analysts have recently commented on KRG shares. Wells Fargo & Company lifted their price objective on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research report on Tuesday, May 28th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $26.00.

Kite Realty Group Trust Stock Up 0.5 %

The firm’s 50 day simple moving average is $22.25 and its two-hundred day simple moving average is $21.60. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.90. The firm has a market cap of $5.31 billion, a price-to-earnings ratio of 93.08, a PEG ratio of 6.07 and a beta of 1.31.

Institutional Trading of Kite Realty Group Trust

Institutional investors and hedge funds have recently made changes to their positions in the company. Pineridge Advisors LLC bought a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $39,000. Wolverine Asset Management LLC lifted its holdings in shares of Kite Realty Group Trust by 280.5% during the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after acquiring an additional 1,327 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $42,000. GAMMA Investing LLC lifted its holdings in shares of Kite Realty Group Trust by 158.2% during the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust’s stock worth $44,000 after acquiring an additional 1,204 shares during the period. Finally, SageView Advisory Group LLC acquired a new position in Kite Realty Group Trust during the 1st quarter worth approximately $52,000. Institutional investors own 90.81% of the company’s stock.

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.