Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. increased its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 27.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 59,489 shares of the real estate investment trust's stock after purchasing an additional 12,696 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in Kite Realty Group Trust were worth $1,331,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of KRG. Vanguard Group Inc. increased its holdings in Kite Realty Group Trust by 0.8% in the 4th quarter. Vanguard Group Inc. now owns 33,506,648 shares of the real estate investment trust's stock valued at $845,708,000 after purchasing an additional 256,476 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Kite Realty Group Trust by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock valued at $308,317,000 after purchasing an additional 2,308,613 shares in the last quarter. Millennium Management LLC increased its holdings in Kite Realty Group Trust by 17.1% in the 4th quarter. Millennium Management LLC now owns 3,885,650 shares of the real estate investment trust's stock valued at $98,074,000 after purchasing an additional 567,284 shares in the last quarter. Bank of America Corp DE increased its holdings in Kite Realty Group Trust by 9.0% in the 4th quarter. Bank of America Corp DE now owns 3,785,395 shares of the real estate investment trust's stock valued at $95,543,000 after purchasing an additional 311,258 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in Kite Realty Group Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock valued at $94,039,000 after purchasing an additional 73,926 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Up 3.0%

NYSE KRG opened at $22.57 on Friday. The firm's 50 day moving average price is $21.73 and its two-hundred day moving average price is $23.22. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24. The stock has a market cap of $4.96 billion, a price-to-earnings ratio of 1,128.25, a PEG ratio of 3.57 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Equities analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. Kite Realty Group Trust's payout ratio is currently 1,542.86%.

Analyst Ratings Changes

A number of research firms have weighed in on KRG. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Wall Street Zen raised shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating in a research report on Friday. Piper Sandler reissued a "neutral" rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Finally, Raymond James decreased their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Friday, May 23rd. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $27.63.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust NYSE: KRG is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company's primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.

Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust (NYSE:KRG - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.