Kite Realty Group Trust (NYSE:KRG – Get Free Report) was the target of a large drop in short interest in the month of June. As of June 15th, there was short interest totalling 5,380,000 shares, a drop of 13.8% from the May 31st total of 6,240,000 shares. Based on an average daily volume of 1,520,000 shares, the days-to-cover ratio is presently 3.5 days.
Kite Realty Group Trust Stock Performance
Shares of KRG traded down $0.16 during mid-day trading on Monday, hitting $22.22. The stock had a trading volume of 1,175,863 shares, compared to its average volume of 1,728,884. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $24.26. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.72 and a quick ratio of 2.72. The business has a fifty day moving average price of $21.56 and a 200-day moving average price of $21.56. The firm has a market cap of $4.88 billion, a P/E ratio of 85.73, a PEG ratio of 5.65 and a beta of 1.31.
Kite Realty Group Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 4.50%. The ex-dividend date of this dividend is Tuesday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 384.63%.
Analyst Ratings Changes
Read Our Latest Stock Analysis on KRG
Institutional Investors Weigh In On Kite Realty Group Trust
Institutional investors have recently added to or reduced their stakes in the business. Boston Partners bought a new stake in shares of Kite Realty Group Trust in the first quarter valued at approximately $752,000. Bluefin Capital Management LLC bought a new position in shares of Kite Realty Group Trust in the first quarter valued at approximately $1,355,000. EMC Capital Management purchased a new position in Kite Realty Group Trust during the first quarter valued at approximately $208,000. Bayesian Capital Management LP increased its holdings in Kite Realty Group Trust by 22.5% during the 1st quarter. Bayesian Capital Management LP now owns 36,422 shares of the real estate investment trust’s stock worth $790,000 after acquiring an additional 6,700 shares during the period. Finally, Price T Rowe Associates Inc. MD lifted its stake in Kite Realty Group Trust by 6.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 137,186 shares of the real estate investment trust’s stock worth $2,975,000 after purchasing an additional 8,353 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.
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.
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