Duality Advisers LP Invests $973,000 in Kite Realty Group Trust (NYSE:KRG)

Duality Advisers LP acquired a new stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 42,572 shares of the real estate investment trust's stock, valued at approximately $973,000.

A number of other hedge funds have also recently modified their holdings of KRG. Federated Hermes Inc. lifted its stake in shares of Kite Realty Group Trust by 11.8% during the 4th quarter. Federated Hermes Inc. now owns 267,354 shares of the real estate investment trust's stock valued at $6,112,000 after buying an additional 28,250 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Kite Realty Group Trust by 17.0% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,252 shares of the real estate investment trust's stock valued at $2,109,000 after buying an additional 13,375 shares in the last quarter. Strs Ohio lifted its stake in shares of 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 buying an additional 1,140,700 shares in the last quarter. Louisiana State Employees Retirement System purchased a new stake in Kite Realty Group Trust in the 4th quarter worth $1,408,000. Finally, Koshinski Asset Management Inc. purchased a new stake in Kite Realty Group Trust in the 4th quarter worth $321,000. Institutional investors own 90.81% of the company's stock.

Analyst Ratings Changes

KRG has been the topic of a number of research reports. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating and set a $23.00 target price on the stock in a report on Thursday, April 18th. StockNews.com upgraded shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $25.50.

Kite Realty Group Trust Trading Up 0.1 %

NYSE:KRG traded up $0.03 during mid-day trading on Wednesday, hitting $21.72. 1,857,701 shares of the stock traded hands, compared to its average volume of 1,899,629. The company has a quick ratio of 0.76, a current ratio of 0.76 and a debt-to-equity ratio of 0.79. The stock has a market capitalization of $4.77 billion, a price-to-earnings ratio of 98.73, a PEG ratio of 3.07 and a beta of 1.29. The firm's 50 day moving average is $21.03 and its two-hundred day moving average is $21.39. 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 business also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were paid a $0.25 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.60%. Kite Realty Group Trust's dividend payout ratio is currently 454.57%.

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.