Kite Realty Group Trust $KRG Shares Purchased by Universal Beteiligungs und Servicegesellschaft mbH

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in Kite Realty Group Trust by 17.4% in Q4 to 431,075 shares (0.20% ownership) worth $10.33 million, and institutional investors/hedge funds now own 90.81% of the stock.
• Wall Street consensus is a Hold with a $26.38 target; several analysts have raised ratings or targets recently (Wells Fargo to $28 and Weiss Ratings upgraded to buy), with three Buy and six Hold ratings overall.
• Kite Realty pays a quarterly dividend of $0.29 (annualized $1.16) for a 4.5% yield

Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 17.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 431,075 shares of the real estate investment trust's stock after acquiring an additional 63,959 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.20% of Kite Realty Group Trust worth $10,333,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. AQR Capital Management LLC increased its holdings in shares of Kite Realty Group Trust by 32.2% during the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust's stock valued at $1,797,000 after purchasing an additional 19,731 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Kite Realty Group Trust by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust's stock valued at $2,893,000 after purchasing an additional 5,666 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust's stock worth $31,000 after buying an additional 740 shares in the last quarter. California Public Employees Retirement System boosted its holdings in Kite Realty Group Trust by 14.5% during the second quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust's stock worth $8,731,000 after buying an additional 48,935 shares in the last quarter. Finally, Daiwa Securities Group Inc. grew its position in Kite Realty Group Trust by 3.2% during the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust's stock valued at $1,757,000 after buying an additional 2,386 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on KRG shares. Wall Street Zen raised shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a report on Saturday, February 21st. Wells Fargo & Company increased their target price on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Thursday, March 19th. Weiss Ratings upgraded Kite Realty Group Trust from a "hold (c)" rating to a "buy (b-)" rating in a research report on Wednesday, February 18th. UBS Group restated a "neutral" rating and issued a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Finally, Citigroup reaffirmed a "neutral" rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of "Hold" and a consensus target price of $26.38.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $25.98 on Monday. The firm has a market cap of $5.27 billion, a PE ratio of 18.82, a PEG ratio of 4.71 and a beta of 0.88. The firm has a fifty day moving average of $25.44 and a 200 day moving average of $23.95. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. Kite Realty Group Trust has a one year low of $20.86 and a one year high of $26.82.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, April 16th. Stockholders of record on Thursday, April 9th were given a $0.29 dividend. The ex-dividend date was Thursday, April 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. Kite Realty Group Trust's dividend payout ratio (DPR) is 84.06%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.

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