17,728 Shares in Kite Realty Group Trust (NYSE:KRG) Purchased by Sequoia Financial Advisors LLC

Sequoia Financial Advisors LLC acquired a new position in Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 17,728 shares of the real estate investment trust’s stock, valued at approximately $405,000.

Several other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in Kite Realty Group Trust by 12.4% in the 1st quarter. BlackRock Inc. now owns 34,531,664 shares of the real estate investment trust’s stock worth $722,402,000 after acquiring an additional 3,818,524 shares during the last quarter. Vanguard Group Inc. grew its holdings in Kite Realty Group Trust by 1.2% during the 1st quarter. Vanguard Group Inc. now owns 32,761,306 shares of the real estate investment trust’s stock valued at $745,974,000 after buying an additional 378,764 shares in the last quarter. State Street Corp grew its holdings in Kite Realty Group Trust by 15.0% during the 1st quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock valued at $300,695,000 after buying 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 2nd quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock valued at $154,637,000 after buying an additional 1,275,585 shares in the last quarter. Finally, Deutsche Bank AG grew its holdings in Kite Realty Group Trust by 7.2% during the 3rd quarter. Deutsche Bank AG now owns 7,545,779 shares of the real estate investment trust’s stock valued at $161,631,000 after buying an additional 508,102 shares in the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Up 0.9 %

Shares of NYSE KRG opened at $20.09 on Thursday. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month 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 firm has a market capitalization of $4.41 billion, a price-to-earnings ratio of 90.55, a PEG ratio of 2.88 and a beta of 1.29. The business has a 50-day moving average of $21.08 and a 200-day moving average of $21.37.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 4.98%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s payout ratio is 454.55%.

Analyst Ratings Changes

KRG has been the subject of a number of recent analyst reports. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Piper Sandler lifted their target price on 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 research analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Hold” and a consensus price target 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.