Kite Realty Group Trust (NYSE:KRG) Shares Bought by Versant Capital Management Inc

Versant Capital Management Inc lifted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 551.7% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,457 shares of the real estate investment trust’s stock after purchasing an additional 2,080 shares during the quarter. Versant Capital Management Inc’s holdings in Kite Realty Group Trust were worth $62,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRG. Franklin Resources Inc. boosted its stake in Kite Realty Group Trust by 51.5% in the 3rd quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock worth $50,684,000 after buying an additional 673,976 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust during the 3rd quarter worth about $39,000. Sanctuary Advisors LLC boosted its position in shares of Kite Realty Group Trust by 60.3% in the third quarter. Sanctuary Advisors LLC now owns 24,451 shares of the real estate investment trust’s stock worth $670,000 after acquiring an additional 9,201 shares during the last quarter. Geode Capital Management LLC grew its holdings in Kite Realty Group Trust by 0.8% in the third quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust’s stock valued at $150,865,000 after purchasing an additional 43,015 shares during the period. Finally, M&T Bank Corp increased its position in Kite Realty Group Trust by 4.1% during the third quarter. M&T Bank Corp now owns 36,824 shares of the real estate investment trust’s stock worth $978,000 after purchasing an additional 1,453 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Up 1.3 %

NYSE KRG opened at $25.05 on Monday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The business has a 50 day moving average price of $26.38 and a two-hundred day moving average price of $25.34. The stock has a market cap of $5.50 billion, a PE ratio of -626.25, a P/E/G ratio of 3.81 and a beta of 1.28.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, January 10th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.31%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, January 10th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently -2,700.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on KRG shares. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price target for the company from $31.00 to $27.00 in a research report on Thursday. Finally, Robert W. Baird raised their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.43.

Kite Realty Group Trust 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.