abrdn plc Has $1.11 Million Stake in Kite Realty Group Trust (NYSE:KRG)

Posted by MarketBeat News on Aug 3rd, 2022

abrdn plc raised its stake in Kite Realty Group Trust (NYSE:KRG – Get Rating) by 5.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 48,159 shares of the real estate investment trust’s stock after buying an additional 2,586 shares during the quarter. abrdn plc’s holdings in Kite Realty Group Trust were worth $1,108,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Farmers & Merchants Investments Inc. bought a new stake in shares of Kite Realty Group Trust in the first quarter worth about $33,000. EverSource Wealth Advisors LLC bought a new stake in shares of Kite Realty Group Trust in the fourth quarter worth about $36,000. Quadrant Capital Group LLC increased its holdings in shares of Kite Realty Group Trust by 2,050.5% in the fourth quarter. Quadrant Capital Group LLC now owns 2,129 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 2,030 shares in the last quarter. Rockefeller Capital Management L.P. grew its holdings in shares of Kite Realty Group Trust by 776.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,155 shares of the real estate investment trust’s stock worth $46,000 after buying an additional 1,909 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its holdings in shares of Kite Realty Group Trust by 61.3% during the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 3,110 shares of the real estate investment trust’s stock worth $68,000 after buying an additional 1,182 shares in the last quarter. 90.42% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts recently issued reports on the company. Capital One Financial reiterated an “overweight” rating on shares of Kite Realty Group Trust in a report on Wednesday, May 25th. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Barclays decreased their price objective on Kite Realty Group Trust from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Piper Sandler decreased their price objective on Kite Realty Group Trust to $25.00 in a report on Monday, July 4th. Finally, Compass Point decreased their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. One analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $26.00.

Kite Realty Group Trust Stock Down 2.0 %

KRG stock opened at $19.22 on Wednesday. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.81. The firm has a market capitalization of $4.21 billion, a PE ratio of -28.26, a PEG ratio of 1.22 and a beta of 1.32. Kite Realty Group Trust has a 1-year low of $16.68 and a 1-year high of $23.35. The business’s 50 day simple moving average is $18.68 and its 200 day simple moving average is $20.69.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 8th were issued a dividend of $0.21 per share. The ex-dividend date of this dividend was Thursday, July 7th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.37%. Kite Realty Group Trust’s payout ratio is presently -123.53%.

Kite Realty Group Trust Company Profile

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Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.