Sapient Capital LLC Buys Shares of 15,690 Kite Realty Group Trust (NYSE:KRG)

Sapient Capital LLC acquired a new position in Kite Realty Group Trust (NYSE:KRG) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 15,690 shares of the real estate investment trust’s stock, valued at approximately $359,000.

A number of other hedge funds also recently modified their holdings of KRG. Raymond James & Associates lifted its position in shares of Kite Realty Group Trust by 32.3% in the 1st quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock worth $2,657,000 after acquiring an additional 28,495 shares during the period. Raymond James Financial Services Advisors Inc. lifted its position in shares of Kite Realty Group Trust by 14.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust’s stock worth $1,542,000 after buying an additional 8,554 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of Kite Realty Group Trust by 18.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock worth $153,000 after buying an additional 1,067 shares during the period. Natixis Advisors L.P. bought a new position in shares of Kite Realty Group Trust during the 1st quarter worth approximately $448,000. Finally, Bank of Montreal Can lifted its position in shares of Kite Realty Group Trust by 16.8% during the 1st quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock worth $601,000 after buying an additional 3,760 shares during the period. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

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

Kite Realty Group Trust Trading Up 0.1 %

Shares of KRG opened at $20.20 on Monday. The stock has a fifty day moving average price of $21.13 and a two-hundred day moving average price of $21.39. The company has a market cap of $4.43 billion, a price-to-earnings ratio of 91.82, a PEG 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 debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76.

Kite Realty Group Trust Dividend Announcement

The company also recently announced 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 was Thursday, April 4th. This represents a $1.00 annualized dividend and a dividend yield of 4.95%. Kite Realty Group Trust’s dividend payout ratio (DPR) 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.