KBC Group NV Has $226,000 Stock Position in Kite Realty Group Trust (NYSE:KRG)

KBC Group NV grew its position in Kite Realty Group Trust (NYSE:KRG) by 23.2% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,112 shares of the real estate investment trust’s stock after buying an additional 1,902 shares during the period. KBC Group NV’s holdings in Kite Realty Group Trust were worth $226,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new stake in Kite Realty Group Trust in the 4th quarter valued at $19,632,000. Charles Schwab Investment Management Inc. lifted its position in Kite Realty Group Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust’s stock valued at $94,039,000 after acquiring an additional 73,926 shares in the last quarter. GAMMA Investing LLC lifted its position in Kite Realty Group Trust by 1,523.9% in the 1st quarter. GAMMA Investing LLC now owns 77,736 shares of the real estate investment trust’s stock valued at $1,739,000 after acquiring an additional 72,949 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its position in Kite Realty Group Trust by 332.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,509,886 shares of the real estate investment trust’s stock valued at $33,776,000 after acquiring an additional 1,160,694 shares in the last quarter. Finally, Hennion & Walsh Asset Management Inc. lifted its position in Kite Realty Group Trust by 27.1% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 59,489 shares of the real estate investment trust’s stock valued at $1,331,000 after acquiring an additional 12,696 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

KRG has been the topic of several research reports. UBS Group initiated coverage on shares of Kite Realty Group Trust in a research report on Tuesday, July 1st. They issued a “neutral” rating and a $24.00 price objective on the stock. Wells Fargo & Company cut their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Wall Street Zen cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Friday, June 27th. Finally, Raymond James Financial cut their price target 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 report on Friday, May 23rd. Seven equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of “Hold” and an average target price of $27.22.

Kite Realty Group Trust Trading Up 1.0%

Shares of NYSE:KRG opened at $23.07 on Monday. Kite Realty Group Trust has a 52-week low of $18.52 and a 52-week high of $28.24. The company has a market capitalization of $5.07 billion, a P/E ratio of 329.57, a price-to-earnings-growth ratio of 5.88 and a beta of 1.09. The company has a 50-day simple moving average of $22.41 and a 200 day simple moving average of $22.61. The company has a debt-to-equity ratio of 0.89, a quick ratio of 1.07 and a current ratio of 1.07.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a net margin of 1.59% and a return on equity of 0.41%. The business had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. Sell-side 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.68%. Kite Realty Group Trust’s dividend payout ratio is presently 1,542.86%.

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.