DekaBank Deutsche Girozentrale Has $3.40 Million Position in Kite Realty Group Trust (NYSE:KRG)

DekaBank Deutsche Girozentrale decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 20.9% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 147,927 shares of the real estate investment trust’s stock after selling 39,121 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Kite Realty Group Trust were worth $3,399,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the business. CENTRAL TRUST Co raised its holdings in shares of Kite Realty Group Trust by 91.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 800 shares during the last quarter. Strategic Investment Solutions Inc. IL purchased a new stake in shares of Kite Realty Group Trust in the first quarter worth approximately $33,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Kite Realty Group Trust by 107.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock worth $34,000 after purchasing an additional 846 shares during the last quarter. Covestor Ltd lifted its holdings in shares of 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 purchasing an additional 1,885 shares in the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Kite Realty Group Trust by 41.7% during the fourth quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after buying an additional 742 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

KRG has been the subject of a number of analyst reports. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Piper Sandler increased their target price on shares of Kite Realty Group Trust from $28.00 to $30.00 and gave the company an “overweight” rating in a report on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $20.19 on Friday. 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 company has a market capitalization of $4.43 billion, a PE ratio of 91.78, a price-to-earnings-growth ratio of 2.90 and a beta of 1.29. Kite Realty Group Trust has a 52-week low of $19.16 and a 52-week high of $24.26. The company has a 50-day simple moving average of $21.16 and a 200 day simple moving average of $21.40.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.95%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 454.57%.

Kite Realty Group Trust 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.