Strs Ohio Has $42.73 Million Stake in Kite Realty Group Trust (NYSE:KRG)

Strs Ohio lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 156.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,869,278 shares of the real estate investment trust's stock after acquiring an additional 1,140,700 shares during the period. Strs Ohio owned 0.85% of Kite Realty Group Trust worth $42,731,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Wellington Management Group LLP purchased a new position in Kite Realty Group Trust in the third quarter valued at approximately $8,160,000. Walleye Trading LLC purchased a new position in Kite Realty Group Trust in the third quarter valued at approximately $1,349,000. Natixis Advisors L.P. raised its holdings in Kite Realty Group Trust by 22.9% in the third quarter. Natixis Advisors L.P. now owns 37,102 shares of the real estate investment trust's stock valued at $795,000 after buying an additional 6,915 shares during the period. Vanguard Group Inc. raised its holdings in Kite Realty Group Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust's stock valued at $693,401,000 after buying an additional 278,421 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in Kite Realty Group Trust by 1.2% in the third quarter. Ameriprise Financial Inc. now owns 2,094,540 shares of the real estate investment trust's stock valued at $44,865,000 after buying an additional 24,599 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Down 0.9 %

NYSE:KRG traded down $0.18 during trading hours on Monday, hitting $20.02. The stock had a trading volume of 1,002,284 shares, compared to its average volume of 1,844,222. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. Kite Realty Group Trust has a 1-year low of $19.16 and a 1-year high of $24.26. The business has a 50 day simple moving average of $21.13 and a two-hundred day simple moving average of $21.39. The company has a market cap of $4.39 billion, a PE ratio of 91.00, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 5.00%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust's dividend payout ratio (DPR) is 454.57%.

Wall Street Analysts Forecast Growth

KRG has been the topic of several research reports. StockNews.com upgraded shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. Piper Sandler raised their price target on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the company an "overweight" rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $26.00.

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.