Choreo LLC Purchases Shares of 22,070 Kite Realty Group Trust $KRG

Choreo LLC acquired a new position in Kite Realty Group Trust (NYSE:KRG) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 22,070 shares of the real estate investment trust’s stock, valued at approximately $492,000.

A number of other institutional investors also recently made changes to their positions in KRG. Harbor Capital Advisors Inc. raised its position in Kite Realty Group Trust by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after purchasing an additional 462 shares during the period. First Horizon Corp bought a new position in shares of Kite Realty Group Trust during the third quarter valued at about $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after buying an additional 740 shares during the last quarter. Smallwood Wealth Investment Management LLC increased its holdings in shares of Kite Realty Group Trust by 57.9% in the third quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock worth $39,000 after buying an additional 641 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of Kite Realty Group Trust by 21.4% in the 3rd quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock valued at $69,000 after acquiring an additional 544 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. UBS Group reissued a “neutral” rating and set a $25.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Raymond James Financial cut shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, November 11th. Finally, Citigroup restated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Kite Realty Group Trust currently has a consensus rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Stock Down 0.2%

Shares of NYSE KRG opened at $25.86 on Friday. The firm has a fifty day simple moving average of $24.41 and a two-hundred day simple moving average of $23.20. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $26.38. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $5.35 billion, a PE ratio of 18.74, a price-to-earnings-growth ratio of 6.49 and a beta of 0.86.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 9th will be given a $0.29 dividend. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.16 annualized dividend and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio is currently 84.06%.

Kite Realty Group Trust Company Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.