Y Intercept Hong Kong Ltd Makes New $231,000 Investment in Kite Realty Group Trust (NYSE:KRG)

Y Intercept Hong Kong Ltd acquired a new stake in Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 9,154 shares of the real estate investment trust’s stock, valued at approximately $231,000.

A number of other hedge funds also recently made changes to their positions in KRG. Wilmington Savings Fund Society FSB acquired a new stake in Kite Realty Group Trust during the 3rd quarter valued at $39,000. Versant Capital Management Inc boosted its position in Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,080 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Kite Realty Group Trust by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 652 shares in the last quarter. Central Pacific Bank Trust Division grew its stake in shares of Kite Realty Group Trust by 19.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust’s stock valued at $187,000 after acquiring an additional 1,210 shares in the last quarter. Finally, Mesirow Financial Investment Management Inc. purchased a new stake in shares of Kite Realty Group Trust during the third quarter worth about $203,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 2.1 %

Kite Realty Group Trust stock opened at $22.84 on Wednesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The firm’s 50-day moving average is $23.40 and its 200-day moving average is $25.28. The company has a market cap of $5.02 billion, a P/E ratio of 1,141.75, a PEG ratio of 3.57 and a beta of 1.27.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. On average, equities analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.73%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust’s payout ratio is 5,400.00%.

Analysts Set New Price Targets

KRG has been the subject of a number of recent analyst reports. KeyCorp raised their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Robert W. Baird raised their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. decreased their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Finally, Wells Fargo & Company cut their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust has an average rating of “Moderate Buy” and a consensus price target of $28.13.

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.