Fort Washington Investment Advisors Inc. OH Has $15.03 Million Stake in Kite Realty Group Trust (NYSE:KRG)

Fort Washington Investment Advisors Inc. OH increased its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 3.2% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 671,521 shares of the real estate investment trust's stock after purchasing an additional 20,510 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned approximately 0.31% of Kite Realty Group Trust worth $15,029,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. F M Investments LLC purchased a new position in Kite Realty Group Trust during the 2nd quarter valued at about $10,164,000. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Kite Realty Group Trust by 1.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 95,658 shares of the real estate investment trust's stock valued at $2,141,000 after purchasing an additional 1,477 shares during the last quarter. Bernzott Capital Advisors bought a new position in Kite Realty Group Trust during the second quarter valued at approximately $5,995,000. LDR Capital Management LLC raised its position in Kite Realty Group Trust by 24.0% during the second quarter. LDR Capital Management LLC now owns 170,017 shares of the real estate investment trust's stock valued at $3,805,000 after acquiring an additional 32,912 shares in the last quarter. Finally, Bailard Inc. lifted its stake in Kite Realty Group Trust by 9.8% in the second quarter. Bailard Inc. now owns 37,100 shares of the real estate investment trust's stock valued at $830,000 after acquiring an additional 3,300 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Analysts Set New Price Targets

KRG has been the topic of a number of recent research reports. Robert W. Baird raised their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the company a "neutral" rating in a report on Wednesday, July 31st. Wells Fargo & Company upgraded Kite Realty Group Trust from an "underweight" rating to an "equal weight" rating and raised their target price for the company from $23.00 to $26.00 in a report on Wednesday. Raymond James raised Kite Realty Group Trust from a "market perform" rating to a "strong-buy" rating and set a $28.00 price target for the company in a research report on Friday, August 16th. Finally, KeyCorp boosted their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 20th. Three 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's stock. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average price target of $26.83.

Kite Realty Group Trust Stock Performance

NYSE:KRG traded up $0.26 during trading hours on Friday, hitting $26.08. 1,497,789 shares of the company traded hands, compared to its average volume of 1,639,503. The company has a current ratio of 2.08, a quick ratio of 2.72 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 $26.22. The firm has a 50-day moving average of $23.89 and a 200 day moving average of $22.17. The stock has a market capitalization of $5.73 billion, a price-to-earnings ratio of 100.31, a P/E/G ratio of 6.25 and a beta of 1.31.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 16th. Stockholders of record on Wednesday, October 9th will be given a dividend of $0.26 per share. The ex-dividend date is Wednesday, October 9th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 3.99%. This is a positive change from Kite Realty Group Trust's previous quarterly dividend of $0.25. Kite Realty Group Trust's dividend payout ratio is currently 400.00%.

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.