Kite Realty Group Trust (NYSE:KRG) Holdings Raised by Raymond James & Associates

Raymond James & Associates lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 48.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 123,874 shares of the real estate investment trust’s stock after purchasing an additional 40,173 shares during the quarter. Raymond James & Associates’ holdings in Kite Realty Group Trust were worth $2,832,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of KRG. BlackRock Inc. raised its stake in shares of Kite Realty Group Trust by 12.4% during the first quarter. BlackRock Inc. now owns 34,531,664 shares of the real estate investment trust’s stock valued at $722,402,000 after purchasing an additional 3,818,524 shares in the last quarter. Norges Bank bought a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at about $44,198,000. State Street Corp raised its stake in shares of Kite Realty Group Trust by 15.0% during the first quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock valued at $300,695,000 after purchasing an additional 1,726,009 shares in the last quarter. Macquarie Group Ltd. grew its holdings in Kite Realty Group Trust by 16.6% during the second quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock worth $154,637,000 after acquiring an additional 1,275,585 shares during the period. Finally, Prudential Financial Inc. grew its holdings in Kite Realty Group Trust by 81.9% during the first quarter. Prudential Financial Inc. now owns 2,098,362 shares of the real estate investment trust’s stock worth $47,781,000 after acquiring an additional 944,981 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Kite Realty Group Trust Trading Up 0.1 %

Shares of KRG opened at $20.20 on Monday. The business’s 50-day moving average price is $21.13 and its 200 day moving average price is $21.39. The stock has a market capitalization of $4.43 billion, a P/E ratio of 91.82, a P/E/G ratio of 2.90 and a beta of 1.29. Kite Realty Group Trust has a 1-year low of $19.16 and a 1-year high of $24.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79.

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 paid 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 yield of 4.95%. Kite Realty Group Trust’s dividend payout ratio is currently 454.57%.

About Kite Realty Group Trust

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.