Kite Realty Group Trust (NYSE:KRG) Stake Raised by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 20.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 805,121 shares of the real estate investment trust's stock after purchasing an additional 136,670 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.37% of Kite Realty Group Trust worth $20,321,000 as of its most recent filing with the SEC.

Other hedge funds have also bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in Kite Realty Group Trust by 6.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust's stock worth $73,442,000 after buying an additional 190,380 shares during the last quarter. Renaissance Technologies LLC lifted its stake in Kite Realty Group Trust by 82.6% during the second quarter. Renaissance Technologies LLC now owns 400,403 shares of the real estate investment trust's stock worth $8,961,000 after purchasing an additional 181,100 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Kite Realty Group Trust by 45.3% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 18,265 shares of the real estate investment trust's stock worth $408,000 after purchasing an additional 5,697 shares during the period. Intech Investment Management LLC bought a new stake in Kite Realty Group Trust during the second quarter valued at $522,000. Finally, AE Wealth Management LLC acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth $458,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRG has been the subject of several research reports. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their price target for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird lifted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a research note on Friday, November 15th. KeyCorp upped their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, JPMorgan Chase & Co. cut their price target on 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. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $29.13.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG traded up $0.61 during midday trading on Thursday, hitting $23.65. 1,157,056 shares of the company's stock were exchanged, compared to its average volume of 1,845,122. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The firm has a market cap of $5.19 billion, a P/E ratio of -591.18, a PEG ratio of 3.64 and a beta of 1.29. The stock's 50 day moving average price is $25.53 and its 200-day moving average price 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:KRG - Get Free Report) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.43). Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. The business had revenue of $207.25 million for the quarter, compared to the consensus estimate of $210.39 million. During the same period in the previous year, the firm earned $0.51 EPS. Equities research analysts anticipate that Kite Realty Group Trust will post 2.07 EPS for the current year.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Investors of record on Friday, January 10th were given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.57%. The ex-dividend date was Friday, January 10th. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.26. Kite Realty Group Trust's dividend payout ratio is currently -2,700.00%.

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.