Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Steward Partners Investment Advisory LLC

Steward Partners Investment Advisory LLC raised its position in shares of Kite Realty Group Trust (NYSE:KRG) by 42.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,064 shares of the real estate investment trust’s stock after buying an additional 3,621 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Kite Realty Group Trust were worth $304,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. EMC Capital Management boosted its holdings in Kite Realty Group Trust by 4.9% in the 4th quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust’s stock valued at $242,000 after purchasing an additional 447 shares in the last quarter. Fifth Third Bancorp increased its stake in shares of Kite Realty Group Trust by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust’s stock valued at $465,000 after purchasing an additional 466 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kite Realty Group Trust by 0.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock valued at $2,554,000 after acquiring an additional 483 shares in the last quarter. State of Alaska Department of Revenue boosted its holdings in Kite Realty Group Trust by 0.5% during the fourth quarter. State of Alaska Department of Revenue now owns 129,014 shares of the real estate investment trust’s stock worth $3,255,000 after buying an additional 636 shares in the last quarter. Finally, GAMMA Investing LLC boosted its holdings in 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 worth $121,000 after buying an additional 652 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the stock. Raymond James cut their target price on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research report on Monday. Robert W. Baird upped their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company reduced their price target 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 report on Wednesday, January 29th. JPMorgan Chase & Co. reduced their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday, January 15th. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.13.

Kite Realty Group Trust Stock Down 3.0 %

Shares of KRG stock opened at $21.24 on Friday. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24. The firm has a fifty day moving average of $22.98 and a 200-day moving average of $25.13. The company has a market capitalization of $4.66 billion, a price-to-earnings ratio of 1,061.80, a P/E/G ratio of 3.57 and a beta of 1.30. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly 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 net margin of 0.48% and a return on equity of 0.12%. As a group, equities research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.09%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio is presently 5,400.00%.

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.