Mackenzie Financial Corp Lowers Position in Kite Realty Group Trust (NYSE:KRG)

Mackenzie Financial Corp trimmed its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 62.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 152,260 shares of the real estate investment trust's stock after selling 250,118 shares during the period. Mackenzie Financial Corp owned 0.07% of Kite Realty Group Trust worth $3,481,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of KRG. Strs Ohio increased its stake in Kite Realty Group Trust by 156.6% during the 4th quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust's stock valued at $42,731,000 after purchasing an additional 1,140,700 shares in the last quarter. Deutsche Bank AG increased its stake in Kite Realty Group Trust by 7.2% during the 3rd quarter. Deutsche Bank AG now owns 7,545,779 shares of the real estate investment trust's stock valued at $161,631,000 after purchasing an additional 508,102 shares in the last quarter. Walleye Capital LLC increased its stake in Kite Realty Group Trust by 109.6% during the 3rd quarter. Walleye Capital LLC now owns 790,329 shares of the real estate investment trust's stock valued at $16,929,000 after purchasing an additional 413,236 shares in the last quarter. Wellington Management Group LLP bought a new stake in Kite Realty Group Trust during the 3rd quarter valued at about $8,160,000. Finally, Vanguard Group Inc. increased its stake in Kite Realty Group Trust by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust's stock valued at $693,401,000 after purchasing an additional 278,421 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

NYSE KRG traded up $0.46 during trading hours on Monday, hitting $21.35. 1,476,806 shares of the company's stock traded hands, compared to its average volume of 1,879,309. The business's fifty day moving average price is $21.01 and its two-hundred day moving average price is $21.37. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The firm has a market capitalization of $4.69 billion, a P/E ratio of 97.05, a P/E/G ratio of 3.00 and a beta of 1.29. Kite Realty Group Trust has a 52 week low of $19.16 and a 52 week high of $24.26.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were given a dividend of $0.25 per share. The ex-dividend date was Thursday, April 4th. This represents a $1.00 annualized dividend and a yield of 4.68%. Kite Realty Group Trust's dividend payout ratio (DPR) is 454.57%.

Wall Street Analyst Weigh In

KRG has been the subject of a number of research analyst reports. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating and set a $23.00 price target for the company in a research note on Thursday. StockNews.com upgraded shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the company's stock. According to MarketBeat, Kite Realty Group Trust presently has an average rating of "Hold" and a consensus target price of $25.50.

Kite Realty Group Trust 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.