Mutual of America Capital Management LLC Acquires 94,530 Shares of Kite Realty Group Trust (NYSE:KRG)

Mutual of America Capital Management LLC increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 66.3% during the fourth quarter, Holdings Channel.com reports. The fund owned 237,149 shares of the real estate investment trust’s stock after purchasing an additional 94,530 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kite Realty Group Trust were worth $5,421,000 as of its most recent filing with the SEC.

A number of other hedge funds have also bought and sold shares of the business. Wellington Management Group LLP acquired a new stake in Kite Realty Group Trust during the third quarter worth about $8,160,000. Walleye Trading LLC acquired a new stake in Kite Realty Group Trust during the third quarter worth about $1,349,000. Natixis Advisors L.P. grew its stake in Kite Realty Group Trust by 22.9% during the third quarter. Natixis Advisors L.P. now owns 37,102 shares of the real estate investment trust’s stock worth $795,000 after buying an additional 6,915 shares in the last quarter. Vanguard Group Inc. grew its stake in Kite Realty Group Trust by 0.9% during the third quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust’s stock worth $693,401,000 after buying an additional 278,421 shares in the last quarter. Finally, Ameriprise Financial Inc. grew its stake in Kite Realty Group Trust by 1.2% during the third quarter. Ameriprise Financial Inc. now owns 2,094,540 shares of the real estate investment trust’s stock worth $44,865,000 after buying an additional 24,599 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Trading Up 0.1 %

KRG opened at $20.20 on Monday. The company’s 50 day moving average is $21.13 and its 200-day moving average is $21.39. 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. The company has a market cap of $4.43 billion, a P/E ratio of 91.82, a PEG ratio of 2.90 and a beta of 1.29.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, April 12th. Stockholders 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 dividend yield of 4.95%. Kite Realty Group Trust’s payout ratio is currently 454.57%.

Wall Street Analysts Forecast Growth

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