Kite Realty Group Trust (NYSE:KRG) Holdings Decreased by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its holdings in Kite Realty Group Trust (NYSE:KRGFree Report) by 3.0% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 192,056 shares of the real estate investment trust’s stock after selling 5,845 shares during the period. Nisa Investment Advisors LLC owned about 0.09% of Kite Realty Group Trust worth $4,847,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of KRG. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Kite Realty Group Trust by 0.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock worth $2,554,000 after purchasing an additional 483 shares during the period. State of Alaska Department of Revenue grew its stake in Kite Realty Group Trust by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock worth $3,408,000 after buying an additional 484 shares during the last quarter. Marcum Wealth LLC increased its position in Kite Realty Group Trust by 1.4% in the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after buying an additional 571 shares during the period. GAMMA Investing LLC lifted its stake in Kite Realty Group Trust by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock valued at $121,000 after buying an additional 652 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of Kite Realty Group Trust by 2.9% during the third quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock valued at $629,000 after acquiring an additional 671 shares during the period. Institutional investors own 90.81% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on KRG. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird upped their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Finally, KeyCorp raised their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kite Realty Group Trust has an average rating of “Moderate Buy” and a consensus target price of $29.13.

Read Our Latest Research Report on KRG

Kite Realty Group Trust Stock Up 0.7 %

NYSE KRG opened at $23.81 on Friday. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The company has a market capitalization of $5.23 billion, a P/E ratio of -595.23, a PEG ratio of 3.57 and a beta of 1.29. The company’s 50 day simple moving average is $25.41 and its 200 day simple moving average is $25.46. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08.

Kite Realty Group Trust (NYSE:KRGGet Free Report) last announced its quarterly earnings data on Wednesday, October 30th. The real estate investment trust reported $0.08 EPS for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.43). The company had revenue of $207.25 million for the quarter, compared to analyst estimates of $210.39 million. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. During the same quarter last year, the company posted $0.51 EPS. Equities research analysts expect that Kite Realty Group Trust will post 2.07 earnings per share for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, January 10th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.54%. The ex-dividend date was Friday, January 10th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s payout ratio is presently -2,700.00%.

Kite Realty Group Trust Company 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.

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

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