Kite Realty Group Trust (NYSE:KRG) Shares Acquired by Retirement Systems of Alabama

Retirement Systems of Alabama lifted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 0.3% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 274,770 shares of the real estate investment trust’s stock after buying an additional 860 shares during the quarter. Retirement Systems of Alabama’s holdings in Kite Realty Group Trust were worth $6,281,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in KRG. Strs Ohio lifted its position in Kite Realty Group Trust by 156.6% in the fourth quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust’s stock valued at $42,731,000 after purchasing an additional 1,140,700 shares during the period. Deutsche Bank AG lifted its position in Kite Realty Group Trust by 7.2% in the third quarter. Deutsche Bank AG now owns 7,545,779 shares of the real estate investment trust’s stock valued at $161,631,000 after purchasing an additional 508,102 shares during the period. Walleye Capital LLC lifted its position in Kite Realty Group Trust by 109.6% in the third quarter. Walleye Capital LLC now owns 790,329 shares of the real estate investment trust’s stock valued at $16,929,000 after purchasing an additional 413,236 shares during the period. Wellington Management Group LLP acquired a new stake in Kite Realty Group Trust in the third quarter valued at about $8,160,000. Finally, Mackenzie Financial Corp lifted its position in Kite Realty Group Trust by 1,053.1% in the third quarter. Mackenzie Financial Corp now owns 402,378 shares of the real estate investment trust’s stock valued at $8,217,000 after purchasing an additional 367,482 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 1.5 %

Shares of Kite Realty Group Trust stock opened at $21.07 on Friday. 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 2.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.90. The stock has a market cap of $4.63 billion, a PE ratio of 81.04, a price-to-earnings-growth ratio of 3.03 and a beta of 1.28. The company has a 50-day moving average of $21.03 and a two-hundred day moving average of $21.42.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 9th will be issued a $0.25 dividend. The ex-dividend date is Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 384.63%.

Analysts Set New Price Targets

KRG has been the subject of a number of recent analyst reports. StockNews.com upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $26.00.

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.