LDR Capital Management LLC grew its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 24.0% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 170,017 shares of the real estate investment trust's stock after purchasing an additional 32,912 shares during the period. Kite Realty Group Trust comprises approximately 3.5% of LDR Capital Management LLC's investment portfolio, making the stock its 8th biggest holding. LDR Capital Management LLC owned approximately 0.08% of Kite Realty Group Trust worth $3,805,000 at the end of the most recent quarter.
Other institutional investors have also made changes to their positions in the company. Pineridge Advisors LLC acquired a new stake in Kite Realty Group Trust in the 4th quarter valued at $39,000. Wolverine Asset Management LLC grew its stake in Kite Realty Group Trust by 280.5% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust's stock valued at $41,000 after purchasing an additional 1,327 shares in the last quarter. Fidelis Capital Partners LLC bought a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $42,000. GAMMA Investing LLC boosted its holdings in shares of Kite Realty Group Trust by 158.2% in the 2nd quarter. GAMMA Investing LLC now owns 1,965 shares of the real estate investment trust's stock valued at $44,000 after buying an additional 1,204 shares during the last quarter. Finally, SageView Advisory Group LLC acquired a new stake in shares of Kite Realty Group Trust in the 1st quarter valued at approximately $52,000. Institutional investors own 90.81% of the company's stock.
Kite Realty Group Trust Stock Performance
Shares of Kite Realty Group Trust stock traded up $0.02 on Tuesday, hitting $25.96. The stock had a trading volume of 945,645 shares, compared to its average volume of 1,647,007. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 99.85, a price-to-earnings-growth ratio of 6.25 and a beta of 1.31. The company has a quick ratio of 2.72, a current ratio of 2.08 and a debt-to-equity ratio of 0.88. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $26.06. The business's 50 day moving average is $23.64 and its two-hundred day moving average is $22.08.
Kite Realty Group Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be issued a $0.26 dividend. This represents a $1.04 dividend on an annualized basis and a yield of 4.01%. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.25. The ex-dividend date is Wednesday, October 9th. Kite Realty Group Trust's dividend payout ratio is currently 400.00%.
Analyst Ratings Changes
A number of equities research analysts have recently issued reports on the stock. Raymond James raised shares of Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 target price on the stock in a report on Friday, August 16th. Wells Fargo & Company upped their price objective on Kite Realty Group Trust from $22.00 to $23.00 and gave the company an "underweight" rating in a research note on Tuesday, May 28th. KeyCorp lifted their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research note on Tuesday, August 20th. Finally, Robert W. Baird increased their price target on Kite Realty Group Trust from $25.00 to $26.00 and gave the company a "neutral" rating in a research note on Wednesday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $26.33.
Check Out Our Latest Report on KRG
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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