Commonwealth Equity Services LLC Raises Stock Position in Kite Realty Group Trust (NYSE:KRG)

Commonwealth Equity Services LLC grew its holdings in Kite Realty Group Trust (NYSE:KRG – Get Rating) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 110,738 shares of the real estate investment trust’s stock after purchasing an additional 4,565 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kite Realty Group Trust were worth $1,906,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. AlphaCrest Capital Management LLC grew its stake in shares of Kite Realty Group Trust by 67.7% in the third quarter. AlphaCrest Capital Management LLC now owns 55,546 shares of the real estate investment trust’s stock worth $957,000 after acquiring an additional 22,416 shares in the last quarter. Macquarie Group Ltd. grew its stake in Kite Realty Group Trust by 7.9% during the 3rd quarter. Macquarie Group Ltd. now owns 9,651,335 shares of the real estate investment trust’s stock worth $166,340,000 after purchasing an additional 707,906 shares in the last quarter. Royal Bank of Canada increased its holdings in Kite Realty Group Trust by 50.9% during the 3rd quarter. Royal Bank of Canada now owns 30,792 shares of the real estate investment trust’s stock worth $530,000 after purchasing an additional 10,390 shares during the period. Verition Fund Management LLC purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at about $1,560,000. Finally, Heitman Real Estate Securities LLC acquired a new position in shares of Kite Realty Group Trust during the third quarter worth about $53,855,000. Institutional investors and hedge funds own 96.84% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on KRG shares. Piper Sandler lifted their price target on shares of Kite Realty Group Trust to $25.00 in a research note on Wednesday, November 16th. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Monday, March 6th. Robert W. Baird downgraded Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $25.00 in a report on Thursday, January 5th. Barclays increased their price objective on Kite Realty Group Trust from $24.00 to $27.00 and gave the company an “overweight” rating in a report on Tuesday, December 6th. Finally, Raymond James lowered their price target on Kite Realty Group Trust from $27.00 to $26.00 and set a “strong-buy” rating for the company in a report on Wednesday, January 4th. Three research analysts have rated the stock with a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of “Moderate Buy” and an average price target of $25.29.

Kite Realty Group Trust Trading Up 0.0 %

NYSE:KRG opened at $20.27 on Tuesday. The company has a market capitalization of $4.44 billion, a PE ratio of -289.57, a P/E/G ratio of 2.16 and a beta of 1.38. Kite Realty Group Trust has a 52-week low of $16.42 and a 52-week high of $23.35. The stock’s 50 day moving average price is $21.44 and its 200 day moving average price is $20.49. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 0.80.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, April 7th will be given a dividend of $0.24 per share. The ex-dividend date is Wednesday, April 5th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.74%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently -1,371.43%.

Kite Realty Group Trust Profile

(Get Rating)

Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.