Oak Family Advisors LLC Acquires New Holdings in Kite Realty Group Trust (NYSE:KRG)

Oak Family Advisors LLC bought a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 73,945 shares of the real estate investment trust's stock, valued at approximately $1,866,000.

Several other hedge funds have also modified their holdings of the stock. Eagle Asset Management Inc. acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $7,486,000. Cerity Partners LLC raised its position in shares of Kite Realty Group Trust by 105.1% during the 3rd quarter. Cerity Partners LLC now owns 48,150 shares of the real estate investment trust's stock worth $1,279,000 after buying an additional 24,679 shares in the last quarter. Versor Investments LP bought a new stake in shares of Kite Realty Group Trust during the 3rd quarter worth about $537,000. Quest Partners LLC bought a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at about $631,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Kite Realty Group Trust by 11.3% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,782 shares of the real estate investment trust's stock worth $1,428,000 after purchasing an additional 5,447 shares during the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. JPMorgan Chase & Co. cut their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company 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 company a "neutral" rating in a report on Friday, November 15th. KeyCorp upped their price target 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. Jefferies Financial Group downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their price objective for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company cut their target price on Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research report on Wednesday, January 29th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of "Moderate Buy" and a consensus price target of $29.13.

Kite Realty Group Trust Stock Up 0.2 %

Shares of NYSE:KRG traded up $0.05 during mid-day trading on Thursday, reaching $23.19. 1,080,207 shares of the stock were exchanged, compared to its average volume of 1,895,475. The company has a market cap of $5.09 billion, a P/E ratio of -579.73, a P/E/G ratio of 3.62 and a beta of 1.27. The stock's 50 day simple moving average is $24.76 and its 200-day simple moving average is $25.49. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24.

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.