LSV Asset Management Increases Stock Position in Kite Realty Group Trust (NYSE:KRG)

LSV Asset Management grew its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 33.4% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 917,000 shares of the real estate investment trust's stock after purchasing an additional 229,788 shares during the quarter. LSV Asset Management owned about 0.42% of Kite Realty Group Trust worth $20,963,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Wolverine Asset Management LLC boosted its stake in shares of Kite Realty Group Trust by 280.5% in the 4th quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust's stock worth $41,000 after buying an additional 1,327 shares during the last quarter. Blue Trust Inc. raised its holdings in shares of Kite Realty Group Trust by 41.7% in the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust's stock worth $54,000 after purchasing an additional 742 shares during the period. VitalStone Financial LLC purchased a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at $161,000. Column Capital Advisors LLC boosted its position in Kite Realty Group Trust by 8,241.0% during the third quarter. Column Capital Advisors LLC now owns 8,341 shares of the real estate investment trust's stock worth $179,000 after purchasing an additional 8,241 shares during the period. Finally, Custom Index Systems LLC purchased a new position in Kite Realty Group Trust in the 4th quarter valued at approximately $244,000. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on KRG shares. 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 research note on Thursday, April 18th. StockNews.com upgraded Kite Realty Group Trust from a "sell" rating to a "hold" rating in a report on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Hold" and a consensus target price of $26.00.

Kite Realty Group Trust Stock Up 2.5 %

Shares of NYSE KRG traded up $0.53 during mid-day trading on Tuesday, hitting $21.57. 1,723,882 shares of the stock traded hands, compared to its average volume of 1,885,456. Kite Realty Group Trust has a 52 week low of $19.16 and a 52 week high of $24.26. The company has a market cap of $4.74 billion, a price-to-earnings ratio of 82.96, a PEG ratio of 3.03 and a beta of 1.28. The company has a debt-to-equity ratio of 0.90, a quick ratio of 0.76 and a current ratio of 2.72. The stock has a fifty day moving average price of $21.04 and a 200-day moving average price of $21.44.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.64%. The ex-dividend date of this dividend is Friday, July 5th. Kite Realty Group Trust's payout ratio is currently 384.63%.

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.