State of New Jersey Common Pension Fund D Grows Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

State of New Jersey Common Pension Fund D boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 5.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 238,357 shares of the real estate investment trust's stock after buying an additional 13,247 shares during the quarter. State of New Jersey Common Pension Fund D owned approximately 0.11% of Kite Realty Group Trust worth $6,016,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRG. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust in the third quarter worth $39,000. Strategic Investment Solutions Inc. IL acquired a new stake in Kite Realty Group Trust in the 3rd quarter valued at $45,000. Versant Capital Management Inc raised its position in shares of Kite Realty Group Trust by 551.7% during the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 2,080 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Kite Realty Group Trust by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 652 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in Kite Realty Group Trust by 100.2% in the 3rd quarter. Blue Trust Inc. now owns 6,633 shares of the real estate investment trust's stock valued at $176,000 after purchasing an additional 3,319 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Trading Down 1.2 %

KRG traded down $0.26 during trading hours on Friday, reaching $21.92. The company's stock had a trading volume of 1,346,337 shares, compared to its average volume of 2,092,213. The stock has a market cap of $4.82 billion, a PE ratio of 1,096.15, a P/E/G ratio of 3.60 and a beta of 1.27. 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 debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The business's 50-day moving average is $23.87 and its 200-day moving average is $25.37.

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

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.93%. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on KRG shares. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. Robert W. Baird boosted their price target on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. KeyCorp increased their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Wells Fargo & Company lowered their target price on 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. Finally, Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Six 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. According to MarketBeat.com, Kite Realty Group Trust presently has an average rating of "Hold" and a consensus 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.