14,112 Shares in Kite Realty Group Trust (NYSE:KRG) Bought by Cerity Partners LLC

Cerity Partners LLC bought a new position in shares of Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund bought 14,112 shares of the real estate investment trust’s stock, valued at approximately $323,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Wellington Management Group LLP acquired a new position in shares of Kite Realty Group Trust during the 3rd quarter worth about $8,160,000. Walleye Trading LLC acquired a new position in shares of Kite Realty Group Trust during the 3rd quarter worth about $1,349,000. Natixis Advisors L.P. boosted its position in shares of Kite Realty Group Trust by 22.9% during the 3rd quarter. Natixis Advisors L.P. now owns 37,102 shares of the real estate investment trust’s stock worth $795,000 after acquiring an additional 6,915 shares in the last quarter. Raymond James & Associates boosted its position in shares of Kite Realty Group Trust by 48.0% during the 4th quarter. Raymond James & Associates now owns 123,874 shares of the real estate investment trust’s stock worth $2,832,000 after acquiring an additional 40,173 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Kite Realty Group Trust by 0.9% during the 3rd quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust’s stock worth $693,401,000 after acquiring an additional 278,421 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on KRG. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, April 18th. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $26.00.

Kite Realty Group Trust Trading Down 0.7 %

Shares of KRG stock opened at $21.26 on Friday. Kite Realty Group Trust has a twelve month low of $19.16 and a twelve month high of $24.26. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $21.01 and its two-hundred day moving average is $21.40. The company has a market capitalization of $4.67 billion, a P/E ratio of 96.64, a price-to-earnings-growth ratio of 3.08 and a beta of 1.29.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.00 annualized dividend and a yield of 4.70%. Kite Realty Group Trust’s dividend payout ratio is currently 454.57%.

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.