Russell Investments Group Ltd. lowered its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 24.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,842,549 shares of the real estate investment trust's stock after selling 610,692 shares during the period. Russell Investments Group Ltd. owned approximately 0.84% of Kite Realty Group Trust worth $42,205,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in KRG. Strs Ohio increased its stake in shares of Kite Realty Group Trust by 156.6% in the fourth quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust's stock worth $42,731,000 after buying an additional 1,140,700 shares during the last quarter. Deutsche Bank AG increased its position in shares of Kite Realty Group Trust by 7.2% in the 3rd quarter. Deutsche Bank AG now owns 7,545,779 shares of the real estate investment trust's stock worth $161,631,000 after purchasing an additional 508,102 shares during the last quarter. Walleye Capital LLC raised its stake in shares of Kite Realty Group Trust by 109.6% in 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 in the third quarter valued at about $8,160,000. Finally, Mackenzie Financial Corp raised its stake in Kite Realty Group Trust by 1,053.1% during the third quarter. Mackenzie Financial Corp now owns 402,378 shares of the real estate investment trust's stock valued at $8,217,000 after buying an additional 367,482 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Wall Street Analysts Forecast Growth
KRG has been the subject of a number of recent research reports. StockNews.com raised shares of Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research report on Thursday, February 22nd. Jefferies Financial Group upgraded Kite Realty Group Trust from a "hold" rating to a "buy" rating and set a $23.00 price objective for the company in a research report on Thursday, April 18th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $26.00.
Check Out Our Latest Stock Analysis on KRG
Kite Realty Group Trust Price Performance
Shares of KRG stock traded up $0.13 during mid-day trading on Tuesday, hitting $21.83. 2,375,909 shares of the stock traded hands, compared to its average volume of 1,878,202. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. The firm has a market cap of $4.79 billion, a price-to-earnings ratio of 99.46, a price-to-earnings-growth ratio of 3.06 and a beta of 1.29. The company's 50-day simple moving average is $21.02 and its 200-day simple moving average is $21.40. Kite Realty Group Trust has a twelve month low of $19.16 and a twelve month high of $24.26.
Kite Realty Group Trust Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were issued a $0.25 dividend. The ex-dividend date was Thursday, April 4th. This represents a $1.00 annualized dividend and a dividend yield of 4.58%. Kite Realty Group Trust's dividend payout ratio is currently 454.57%.
About Kite Realty Group Trust
(
Free Report)
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.
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