Kite Realty Group Trust (NYSE:KRG) Shares Acquired by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Kite Realty Group Trust (NYSE:KRG) by 17.0% during the fourth quarter, HoldingsChannel.com reports. The fund owned 92,252 shares of the real estate investment trust’s stock after buying an additional 13,375 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kite Realty Group Trust were worth $2,109,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Blue Trust Inc. grew its holdings in shares of Kite Realty Group Trust by 41.7% in the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock worth $54,000 after acquiring an additional 742 shares during the last quarter. VitalStone Financial LLC acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $161,000. Column Capital Advisors LLC boosted its position in shares of Kite Realty Group Trust by 8,241.0% in the third quarter. Column Capital Advisors LLC now owns 8,341 shares of the real estate investment trust’s stock worth $179,000 after buying an additional 8,241 shares during the period. Oak Thistle LLC acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth $212,000. Finally, Custom Index Systems LLC acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter worth $244,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $21.69 on Wednesday. Kite Realty Group Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.26. The business has a 50-day moving average of $21.02 and a two-hundred day moving average of $21.39. The stock has a market capitalization of $4.76 billion, a P/E ratio of 98.60, a P/E/G ratio of 3.00 and a beta of 1.29. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76.

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 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 4.61%. Kite Realty Group Trust’s payout ratio is presently 454.57%.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on KRG. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $25.50.

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.