Cbre Investment Management Listed Real Assets LLC Has $6.55 Million Holdings in Kite Realty Group Trust (NYSE:KRG)

Cbre Investment Management Listed Real Assets LLC raised its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 37.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 259,455 shares of the real estate investment trust's stock after acquiring an additional 70,949 shares during the quarter. Cbre Investment Management Listed Real Assets LLC owned about 0.12% of Kite Realty Group Trust worth $6,549,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. EMC Capital Management boosted its stake in Kite Realty Group Trust by 4.9% during the 4th quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock worth $242,000 after acquiring an additional 447 shares during the last quarter. Fifth Third Bancorp lifted its position in shares of Kite Realty Group Trust by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock worth $465,000 after purchasing an additional 466 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Kite Realty Group Trust by 0.5% in the third 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 in the last quarter. State of Alaska Department of Revenue lifted its position in shares of Kite Realty Group Trust by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 129,014 shares of the real estate investment trust's stock worth $3,255,000 after purchasing an additional 636 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of 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 worth $121,000 after purchasing an additional 652 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

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Kite Realty Group Trust Stock Performance

Shares of KRG stock traded up $0.19 on Friday, hitting $22.45. The company's stock had a trading volume of 1,585,569 shares, compared to its average volume of 1,521,208. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The stock's 50 day moving average is $23.23 and its 200-day moving average is $25.22. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The company has a market capitalization of $4.93 billion, a PE ratio of 1,122.30, a PEG ratio of 3.57 and a beta of 1.30.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Equities research analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.81%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

Analysts Set New Price Targets

A number of analysts have recently commented on KRG shares. Piper Sandler reissued a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. 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 report on Wednesday, January 15th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. KeyCorp boosted their target price on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Finally, Wells Fargo & Company lowered their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating on the stock in a report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $28.13.

Kite Realty Group Trust Company 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.