Walleye Capital LLC Buys 14,058 Shares of Kite Realty Group Trust (NYSE:KRG)

Walleye Capital LLC grew its stake in Kite Realty Group Trust (NYSE:KRGGet Rating) by 52.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 41,086 shares of the real estate investment trust’s stock after acquiring an additional 14,058 shares during the period. Walleye Capital LLC’s holdings in Kite Realty Group Trust were worth $936,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the stock. Farmers & Merchants Investments Inc. bought a new stake in Kite Realty Group Trust during the 1st quarter worth about $33,000. EverSource Wealth Advisors LLC acquired a new position in Kite Realty Group Trust in the fourth quarter valued at approximately $37,000. Covestor Ltd boosted its stake in Kite Realty Group Trust by 7,854.2% in the first quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,885 shares during the last quarter. Rockefeller Capital Management L.P. grew its holdings in Kite Realty Group Trust by 776.0% during the 4th quarter. Rockefeller Capital Management L.P. now owns 2,155 shares of the real estate investment trust’s stock worth $46,000 after acquiring an additional 1,909 shares during the period. Finally, MCF Advisors LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at $54,000. 95.73% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock opened at $19.23 on Tuesday. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 1.25. The firm has a market cap of $4.21 billion, a price-to-earnings ratio of -31.02, a price-to-earnings-growth ratio of 1.16 and a beta of 1.31. The stock’s 50-day moving average is $19.64 and its 200-day moving average is $20.39. Kite Realty Group Trust has a one year low of $16.68 and a one year high of $23.35.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, October 7th will be given a dividend of $0.22 per share. The ex-dividend date is Thursday, October 6th. This represents a $0.88 dividend on an annualized basis and a yield of 4.58%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.21. Kite Realty Group Trust’s dividend payout ratio is -135.48%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on KRG. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research note on Thursday, June 30th. Compass Point lowered their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a research note on Wednesday, June 22nd. Barclays reduced their price objective on shares of Kite Realty Group Trust from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. Citigroup raised shares of Kite Realty Group Trust from a “neutral” rating to a “buy” rating and upped their target price for the company from $20.00 to $22.00 in a research note on Monday. Finally, Robert W. Baird lifted their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 in a research report on Monday, August 15th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Moderate Buy” and a consensus price target of $25.75.

Kite Realty Group Trust Profile

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Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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