Raymond James Financial Services Advisors Inc. Has $1.91 Million Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Raymond James Financial Services Advisors Inc. reduced its stake in Kite Realty Group Trust (NYSE:KRG – Get Rating) by 3.9% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 90,674 shares of the real estate investment trust’s stock after selling 3,710 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in Kite Realty Group Trust were worth $1,909,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Verition Fund Management LLC bought a new position in shares of Kite Realty Group Trust during the third quarter worth $1,560,000. Vestmark Advisory Solutions Inc. increased its holdings in shares of Kite Realty Group Trust by 39.4% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 33,032 shares of the real estate investment trust’s stock worth $695,000 after acquiring an additional 9,335 shares in the last quarter. Arete Wealth Advisors LLC raised its position in shares of Kite Realty Group Trust by 20.6% during the fourth quarter. Arete Wealth Advisors LLC now owns 15,358 shares of the real estate investment trust’s stock worth $323,285,900,000 after purchasing an additional 2,620 shares during the period. Asset Management One Co. Ltd. lifted its holdings in shares of Kite Realty Group Trust by 7.0% during the 3rd quarter. Asset Management One Co. Ltd. now owns 371,289 shares of the real estate investment trust’s stock valued at $6,393,000 after purchasing an additional 24,394 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Kite Realty Group Trust by 8.0% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,238,115 shares of the real estate investment trust’s stock valued at $38,423,000 after purchasing an additional 166,729 shares during the period. 96.84% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $19.82 on Thursday. The firm has a market capitalization of $4.35 billion, a P/E ratio of 660.89, a price-to-earnings-growth ratio of 2.01 and a beta of 1.37. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 0.80. The firm’s fifty day moving average price is $20.27 and its two-hundred day moving average price is $21.07. Kite Realty Group Trust has a 1 year low of $16.42 and a 1 year high of $23.10.

Kite Realty Group Trust Announces Dividend

The company 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 $0.24 dividend. The ex-dividend date is Thursday, July 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.84%. Kite Realty Group Trust’s payout ratio is 3,201.07%.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Piper Sandler lifted their price target on shares of Kite Realty Group Trust from $26.00 to $28.00 in a research note on Monday, May 8th. JPMorgan Chase & Co. started coverage on shares of Kite Realty Group Trust in a research note on Monday, April 24th. They issued a “neutral” rating and a $23.00 target price for the company. Wells Fargo & Company assumed coverage on Kite Realty Group Trust in a research note on Tuesday. They issued an “underweight” rating and a $20.00 price target on the stock. Finally, StockNews.com assumed coverage on Kite Realty Group Trust in a report on Thursday, May 18th. They issued a “sell” rating on the stock. Two research analysts have rated the stock with a sell rating, three have assigned 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.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $24.78.

About Kite Realty Group Trust

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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.