CX Institutional Acquires Shares of 3,512 Kite Realty Group Trust (NYSE:KRG)

CX Institutional bought a new stake in shares of Kite Realty Group Trust (NYSE:KRG) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,512 shares of the real estate investment trust’s stock, valued at approximately $79,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Optiver Holding B.V. boosted its holdings in Kite Realty Group Trust by 19.9% in the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust’s stock valued at $71,000 after purchasing an additional 467 shares during the last quarter. FIL Ltd raised its position in shares of Kite Realty Group Trust by 19.8% in the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust’s stock valued at $88,000 after purchasing an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new position in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $101,000. GF Fund Management CO. LTD. acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter worth approximately $101,000. Finally, Headlands Technologies LLC bought a new stake in shares of Kite Realty Group Trust in the fourth quarter worth $116,000. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Trading Up 0.3%

NYSE KRG opened at $22.32 on Tuesday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. Kite Realty Group Trust has a one year low of $18.52 and a one year high of $28.24. The company has a 50-day simple moving average of $21.95 and a 200-day simple moving average of $22.95. The firm has a market capitalization of $4.91 billion, a PE ratio of 1,116.15, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.02. The firm had revenue of $221.76 million for the quarter, compared to analysts’ expectations of $211.07 million. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. On average, equities analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.84%. Kite Realty Group Trust’s payout ratio is currently 1,542.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on KRG shares. Wall Street Zen upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research note on Friday, June 6th. Raymond James cut their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a research note on Friday, May 23rd. Finally, Wells Fargo & Company decreased their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating for the company in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $27.63.

Kite Realty Group Trust 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.