Charles Schwab Investment Management Inc. Has $76.45 Million Position in Kite Realty Group Trust (NYSE:KRG)

Charles Schwab Investment Management Inc. lifted its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 2.8% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 3,344,191 shares of the real estate investment trust's stock after buying an additional 90,897 shares during the period. Charles Schwab Investment Management Inc. owned 1.52% of Kite Realty Group Trust worth $76,448,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in Kite Realty Group Trust by 2.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 104,939 shares of the real estate investment trust's stock valued at $2,248,000 after purchasing an additional 2,024 shares during the period. Advisor Partners II LLC grew its stake in shares of Kite Realty Group Trust by 9.0% during the 3rd quarter. Advisor Partners II LLC now owns 13,560 shares of the real estate investment trust's stock valued at $290,000 after buying an additional 1,123 shares during the period. Allspring Global Investments Holdings LLC increased its holdings in shares of Kite Realty Group Trust by 17.9% during the 3rd quarter. Allspring Global Investments Holdings LLC now owns 12,447 shares of the real estate investment trust's stock worth $267,000 after buying an additional 1,891 shares during the last quarter. Hennion & Walsh Asset Management Inc. purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth $480,000. Finally, Daiwa Securities Group Inc. grew its position in Kite Realty Group Trust by 4.2% during the third quarter. Daiwa Securities Group Inc. now owns 70,085 shares of the real estate investment trust's stock valued at $1,501,000 after acquiring an additional 2,807 shares during the period. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Down 0.3 %

NYSE KRG traded down $0.07 on Tuesday, reaching $20.91. The company had a trading volume of 1,168,534 shares, compared to its average volume of 1,842,486. The company has a debt-to-equity ratio of 0.90, a current ratio of 2.72 and a quick ratio of 2.72. Kite Realty Group Trust has a 1 year low of $19.16 and a 1 year high of $24.26. The firm has a 50-day moving average of $21.01 and a 200-day moving average of $21.47. The firm has a market capitalization of $4.59 billion, a PE ratio of 80.43, a P/E/G ratio of 2.96 and a beta of 1.28.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Friday, July 5th. Kite Realty Group Trust's payout ratio is 384.63%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on KRG shares. StockNews.com raised Kite Realty Group Trust from a "sell" rating to a "hold" rating in a research note on Thursday, February 22nd. Jefferies Financial Group upgraded shares of 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 note on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and an average 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.