Kite Realty Group Trust (NYSE:KRG) Shares Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 27.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 300,112 shares of the real estate investment trust's stock after buying an additional 65,000 shares during the period. Robeco Institutional Asset Management B.V. owned 0.14% of Kite Realty Group Trust worth $6,714,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Opal Wealth Advisors LLC purchased a new position in shares of Kite Realty Group Trust in the 1st quarter worth approximately $25,000. Optiver Holding B.V. boosted its stake in Kite Realty Group Trust by 19.9% in the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 467 shares in the last quarter. CX Institutional purchased a new position in Kite Realty Group Trust in the first quarter worth $79,000. FIL Ltd increased its position in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 579 shares in the last quarter. Finally, GF Fund Management CO. LTD. acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth $101,000. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on KRG. UBS Group started coverage on Kite Realty Group Trust in a research note on Tuesday. They set a "neutral" rating and a $24.00 target price on the stock. Raymond James Financial lowered their price target on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Friday, May 23rd. Wells Fargo & Company cut their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Wall Street Zen lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Seven investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average price target of $27.22.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock traded up $0.22 on Thursday, reaching $23.07. 1,209,939 shares of the stock were exchanged, compared to its average volume of 1,704,749. The business has a 50 day moving average price of $22.36 and a two-hundred day moving average price of $22.67. The firm has a market capitalization of $5.07 billion, a price-to-earnings ratio of 329.57, a PEG ratio of 5.78 and a beta of 1.09. Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.89.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The company 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 1.59% and a return on equity of 0.41%. Analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is 1,542.86%.

About Kite Realty Group Trust

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.