Wealthstar Advisors LLC acquired a new position in Kite Realty Group Trust (NYSE:KRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 14,728 shares of the real estate investment trust's stock, valued at approximately $372,000.
A number of other hedge funds have also bought and sold shares of KRG. Eagle Asset Management Inc. purchased a new position in shares of Kite Realty Group Trust during the third quarter valued at approximately $7,486,000. Cerity Partners LLC raised its stake in 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 valued at $1,279,000 after buying an additional 24,679 shares during the last quarter. Versor Investments LP bought a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at $537,000. Vanderbilt University lifted its holdings in shares of Kite Realty Group Trust by 115.2% during the 4th quarter. Vanderbilt University now owns 32,411 shares of the real estate investment trust's stock valued at $818,000 after buying an additional 17,348 shares during the period. Finally, Quest Partners LLC purchased a new position in shares of Kite Realty Group Trust in the 3rd quarter worth $631,000. Hedge funds and other institutional investors 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. KeyCorp increased 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. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. 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 report on Wednesday, January 15th. Piper Sandler reiterated a "neutral" rating and issued a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday. Finally, Robert W. Baird lifted 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 note on Friday, November 15th. Six investment 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $28.13.
View Our Latest Report on Kite Realty Group Trust
Kite Realty Group Trust Price Performance
NYSE:KRG traded up $0.37 during trading hours on Thursday, hitting $23.32. 5,673,547 shares of the stock traded hands, compared to its average volume of 2,090,812. The company has a market cap of $5.12 billion, a price-to-earnings ratio of -582.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The stock has a 50 day moving average price of $24.36 and a 200 day moving average price of $25.47. 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 (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. Sell-side analysts forecast that Kite Realty Group Trust will post 2.06 EPS for the current fiscal year.
Kite Realty Group Trust Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is -2,700.00%.
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.
Further Reading
Before you consider Kite Realty Group Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kite Realty Group Trust wasn't on the list.
While Kite Realty Group Trust currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
