SG Americas Securities LLC Purchases Shares of 35,524 Kite Realty Group Trust (NYSE:KRG)

SG Americas Securities LLC acquired a new position in shares of Kite Realty Group Trust (NYSE:KRG) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 35,524 shares of the real estate investment trust’s stock, valued at approximately $795,000.

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

Kite Realty Group Trust Trading Up 1.2%

Kite Realty Group Trust stock opened at $22.61 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.89. The stock has a market cap of $4.97 billion, a PE ratio of 322.96, a P/E/G ratio of 5.76 and a beta of 1.11. The stock has a 50-day moving average price of $22.02 and a 200 day moving average price of $22.94. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.51 by $0.02. The company had revenue of $221.76 million during the quarter, compared to analysts’ expectations of $211.07 million. Kite Realty Group Trust had a net margin of 1.59% and a return on equity of 0.41%. Equities research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.78%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 1,542.86%.

Wall Street Analyst Weigh In

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

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.