Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its stake in Kite Realty Group Trust (NYSE:KRGFree Report) by 79.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 32,978 shares of the real estate investment trust’s stock after purchasing an additional 14,554 shares during the period. Pacer Advisors Inc.’s holdings in Kite Realty Group Trust were worth $754,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. CENTRAL TRUST Co increased its holdings in Kite Realty Group Trust by 91.4% in the 3rd quarter. CENTRAL TRUST Co now owns 1,675 shares of the real estate investment trust’s stock valued at $29,000 after purchasing an additional 800 shares in the last quarter. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Kite Realty Group Trust during the first quarter valued at about $33,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Kite Realty Group Trust by 107.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,631 shares of the real estate investment trust’s stock valued at $34,000 after acquiring an additional 846 shares in the last quarter. Covestor Ltd grew its stake in shares of Kite Realty Group Trust by 7,854.2% during the first quarter. Covestor Ltd now owns 1,909 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 1,885 shares in the last quarter. Finally, Belpointe Asset Management LLC grew its stake in shares of Kite Realty Group Trust by 34.4% during the first quarter. Belpointe Asset Management LLC now owns 2,933 shares of the real estate investment trust’s stock valued at $61,000 after acquiring an additional 750 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $20.82 on Thursday. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.76 and a current ratio of 0.76. Kite Realty Group Trust has a one year low of $19.16 and a one year high of $24.26. The company’s 50-day simple moving average is $21.31 and its 200-day simple moving average is $21.47. The stock has a market capitalization of $4.57 billion, a price-to-earnings ratio of 94.64, a PEG ratio of 3.05 and a beta of 1.29.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 12th. Shareholders of record on Friday, April 5th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, April 4th. This represents a $1.00 dividend on an annualized basis and a yield of 4.80%. Kite Realty Group Trust’s dividend payout ratio is currently 454.57%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KRG. Piper Sandler raised their target price on Kite Realty Group Trust from $28.00 to $30.00 and gave the company an “overweight” rating in a research note on Wednesday, December 20th. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $26.00.

Check Out Our Latest Analysis on KRG

Kite Realty Group Trust Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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