Short Interest in Kite Realty Group Trust (KRG) Decreases By 58.8%

Kite Realty Group Trust (NYSE:KRG) was the target of a large decrease in short interest during the month of October. As of October 13th, there was short interest totalling 2,007,101 shares, a decrease of 58.8% from the September 29th total of 4,873,755 shares. Based on an average trading volume of 538,294 shares, the short-interest ratio is currently 3.7 days. Currently, 2.4% of the shares of the stock are sold short.

A number of equities research analysts recently commented on the company. Capital One Financial Corporation restated an “equal weight” rating on shares of Kite Realty Group Trust in a research report on Tuesday, October 24th. ValuEngine upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, October 6th. BidaskClub upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Finally, KeyCorp restated a “hold” rating on shares of Kite Realty Group Trust in a research report on Friday, August 25th. One analyst has rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. Kite Realty Group Trust currently has an average rating of “Buy” and an average target price of $25.33.

Kite Realty Group Trust (NYSE:KRG) opened at $18.56 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.84 and a debt-to-equity ratio of 1.06. The firm has a market capitalization of $1.60 billion, a PE ratio of 9.36, a price-to-earnings-growth ratio of 2.01 and a beta of 0.62.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, October 26th. The real estate investment trust reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Kite Realty Group Trust had a return on equity of 0.80% and a net margin of 3.60%. The firm had revenue of $87.10 million for the quarter, compared to the consensus estimate of $88.16 million. During the same quarter in the prior year, the business earned $0.52 EPS. The business’s revenue for the quarter was down 2.2% compared to the same quarter last year. equities research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, October 13th. Shareholders of record on Friday, October 6th were issued a dividend of $0.3025 per share. This represents a $1.21 annualized dividend and a yield of 6.52%. The ex-dividend date of this dividend was Thursday, October 5th. Kite Realty Group Trust’s dividend payout ratio is 806.67%.

A number of large investors have recently bought and sold shares of KRG. UBS Asset Management Americas Inc. lifted its holdings in Kite Realty Group Trust by 24.8% during the 1st quarter. UBS Asset Management Americas Inc. now owns 158,249 shares of the real estate investment trust’s stock worth $3,402,000 after buying an additional 31,438 shares in the last quarter. OppenheimerFunds Inc. lifted its holdings in Kite Realty Group Trust by 45.9% during the 1st quarter. OppenheimerFunds Inc. now owns 13,871 shares of the real estate investment trust’s stock worth $299,000 after buying an additional 4,366 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Kite Realty Group Trust by 17.7% during the 1st quarter. Teachers Advisors LLC now owns 161,774 shares of the real estate investment trust’s stock worth $3,478,000 after buying an additional 24,319 shares in the last quarter. TIAA CREF Investment Management LLC lifted its holdings in Kite Realty Group Trust by 20.5% during the 1st quarter. TIAA CREF Investment Management LLC now owns 290,396 shares of the real estate investment trust’s stock worth $6,244,000 after buying an additional 49,390 shares in the last quarter. Finally, California Public Employees Retirement System lifted its holdings in Kite Realty Group Trust by 2.4% during the 1st quarter. California Public Employees Retirement System now owns 188,292 shares of the real estate investment trust’s stock worth $4,048,000 after buying an additional 4,500 shares in the last quarter. 95.62% of the stock is currently owned by hedge funds and other institutional investors.

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Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.

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