Kite Realty Group Trust (NYSE:KRG) Shares Bought by Verition Fund Management LLC

Verition Fund Management LLC boosted its position in shares of Kite Realty Group Trust (NYSE:KRGGet Rating) by 216.8% in the 1st quarter, HoldingsChannel reports. The fund owned 54,910 shares of the real estate investment trust’s stock after acquiring an additional 37,575 shares during the period. Verition Fund Management LLC’s holdings in Kite Realty Group Trust were worth $1,250,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. State Street Corp grew its holdings in Kite Realty Group Trust by 153.9% during the 4th quarter. State Street Corp now owns 11,479,726 shares of the real estate investment trust’s stock worth $250,028,000 after acquiring an additional 6,958,610 shares in the last quarter. Cohen & Steers Inc. boosted its holdings in shares of Kite Realty Group Trust by 113.8% in the 1st quarter. Cohen & Steers Inc. now owns 7,156,681 shares of the real estate investment trust’s stock valued at $162,958,000 after buying an additional 3,808,847 shares in the last quarter. Pictet Asset Management SA boosted its holdings in shares of Kite Realty Group Trust by 157.2% in the 4th quarter. Pictet Asset Management SA now owns 79,638 shares of the real estate investment trust’s stock valued at $1,735,000 after buying an additional 48,679 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Kite Realty Group Trust by 38.0% in the 1st quarter. MetLife Investment Management LLC now owns 251,986 shares of the real estate investment trust’s stock valued at $5,738,000 after buying an additional 69,398 shares in the last quarter. Finally, Walleye Capital LLC acquired a new position in shares of Kite Realty Group Trust in the 4th quarter valued at $589,000. Institutional investors and hedge funds own 95.73% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on KRG shares. Piper Sandler lowered their target price on shares of Kite Realty Group Trust to $25.00 in a report on Monday, July 4th. Citigroup upgraded 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 report on Monday. Compass Point lowered their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a report on Wednesday, June 22nd. Barclays lowered their target price on shares of Kite Realty Group Trust from $29.00 to $28.00 and set an “overweight” rating for the company in a report on Friday, July 15th. Finally, Robert W. Baird upped 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 analyst has rated the stock with a sell rating, one has given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $25.75.

Kite Realty Group Trust Stock Down 1.8 %

KRG stock opened at $18.89 on Wednesday. The company has a fifty day moving average price of $19.67 and a 200 day moving average price of $20.36. Kite Realty Group Trust has a 12 month low of $16.68 and a 12 month high of $23.35. The company has a market cap of $4.14 billion, a price-to-earnings ratio of -30.47, a price-to-earnings-growth ratio of 1.16 and a beta of 1.31. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 1.25.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed 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 4.66%. 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 presently -135.48%.

Kite Realty Group Trust Profile

(Get Rating)

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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