Envestnet Asset Management Inc. Has $6.70 Million Holdings in Kite Realty Group Trust $KRG

Envestnet Asset Management Inc. increased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 22.4% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 300,382 shares of the real estate investment trust’s stock after purchasing an additional 54,914 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Kite Realty Group Trust worth $6,699,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Harbor Capital Advisors Inc. boosted its stake in Kite Realty Group Trust by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 462 shares in the last quarter. First Horizon Corp bought a new position in shares of Kite Realty Group Trust during the 3rd quarter worth about $30,000. EverSource Wealth Advisors LLC boosted its position in shares of Kite Realty Group Trust by 118.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock valued at $31,000 after acquiring an additional 740 shares in the last quarter. Smallwood Wealth Investment Management LLC increased its stake in 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 valued at $39,000 after acquiring an additional 641 shares during the period. Finally, Versant Capital Management Inc raised its position in Kite Realty Group Trust by 21.4% in the third quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after purchasing an additional 544 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Up 1.3%

Shares of KRG opened at $25.92 on Friday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.98 and a current ratio of 0.74. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 6.42 and a beta of 0.91. The stock has a fifty day moving average price of $24.01 and a two-hundred day moving average price of $22.92. Kite Realty Group Trust has a 52-week low of $18.51 and a 52-week high of $26.13.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 9th will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, April 9th. This represents a $1.16 dividend on an annualized basis and a yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio is currently 84.06%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on KRG. Raymond James Financial downgraded Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, November 11th. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday. Robert W. Baird lifted their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group restated a “hold” rating and issued a $24.00 target price (up previously from $23.00) on shares of Kite Realty Group Trust in a research note on Monday, December 15th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Kite Realty Group Trust has an average rating of “Hold” and an average price target of $25.63.

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.