Commonwealth Equity Services LLC Has $2.29 Million Stock Position in Kite Realty Group Trust (NYSE:KRG)

Commonwealth Equity Services LLC lowered its holdings in Kite Realty Group Trust (NYSE:KRG – Get Rating) by 1.9% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,604 shares of the real estate investment trust’s stock after selling 2,134 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Kite Realty Group Trust were worth $2,286,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Yousif Capital Management LLC grew its holdings in Kite Realty Group Trust by 0.5% in the 4th quarter. Yousif Capital Management LLC now owns 112,320 shares of the real estate investment trust’s stock valued at $2,364,000 after buying an additional 536 shares during the last quarter. Oregon Public Employees Retirement Fund grew its holdings in shares of Kite Realty Group Trust by 0.9% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 64,506 shares of the real estate investment trust’s stock worth $1,358,000 after purchasing an additional 561 shares in the last quarter. State of Michigan Retirement System grew its holdings in shares of Kite Realty Group Trust by 1.1% during the 4th quarter. State of Michigan Retirement System now owns 55,795 shares of the real estate investment trust’s stock worth $1,174,000 after purchasing an additional 600 shares in the last quarter. Harbor Investment Advisory LLC grew its holdings in shares of Kite Realty Group Trust by 23.8% during the 4th quarter. Harbor Investment Advisory LLC now owns 3,475 shares of the real estate investment trust’s stock worth $73,000 after purchasing an additional 668 shares in the last quarter. Finally, CWM LLC grew its holdings in shares of Kite Realty Group Trust by 13.9% during the 4th quarter. CWM LLC now owns 5,998 shares of the real estate investment trust’s stock worth $126,000 after purchasing an additional 730 shares in the last quarter. Institutional investors and hedge funds own 96.84% of the company’s stock.

Kite Realty Group Trust Price Performance

Shares of KRG stock opened at $20.07 on Wednesday. The stock’s fifty day moving average is $20.32 and its 200-day moving average is $21.07. The company has a debt-to-equity ratio of 0.80, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a market capitalization of $4.40 billion, a PE ratio of 669.00, a PEG ratio of 2.19 and a beta of 1.37. Kite Realty Group Trust has a 52 week low of $16.42 and a 52 week high of $23.10.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, July 7th will be issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 4.78%. The ex-dividend date of this dividend is Thursday, July 6th. Kite Realty Group Trust’s payout ratio is presently 3,200.00%.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on KRG shares. JPMorgan Chase & Co. started coverage on Kite Realty Group Trust in a report on Monday, April 24th. They set a “neutral” rating and a $23.00 price objective on the stock. Piper Sandler upped their price target on Kite Realty Group Trust from $26.00 to $28.00 in a research report on Monday, May 8th. Finally, StockNews.com cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Wednesday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of “Moderate Buy” and an average price target of $25.38.

Kite Realty Group Trust Profile

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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.