Quantbot Technologies LP decreased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 52.6% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,048 shares of the real estate investment trust’s stock after selling 35,572 shares during the quarter. Quantbot Technologies LP’s holdings in Kite Realty Group Trust were worth $533,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of KRG. BlackRock Inc. lifted its position in Kite Realty Group Trust by 5.9% during the second quarter. BlackRock Inc. now owns 14,408,782 shares of the real estate investment trust’s stock worth $246,103,000 after purchasing an additional 799,164 shares during the period. LSV Asset Management bought a new stake in Kite Realty Group Trust during the third quarter worth about $10,850,000. Fuller & Thaler Asset Management Inc. lifted its position in Kite Realty Group Trust by 29.2% during the second quarter. Fuller & Thaler Asset Management Inc. now owns 2,471,630 shares of the real estate investment trust’s stock worth $42,215,000 after purchasing an additional 558,212 shares during the period. Millennium Management LLC lifted its position in Kite Realty Group Trust by 355.7% during the second quarter. Millennium Management LLC now owns 689,686 shares of the real estate investment trust’s stock worth $11,780,000 after purchasing an additional 538,326 shares during the period. Finally, Macquarie Group Ltd. lifted its position in Kite Realty Group Trust by 10.9% during the second quarter. Macquarie Group Ltd. now owns 2,996,146 shares of the real estate investment trust’s stock worth $51,175,000 after purchasing an additional 294,999 shares during the period. 91.31% of the stock is owned by institutional investors and hedge funds.
Several research firms recently weighed in on KRG. Citigroup upped their price objective on shares of Kite Realty Group Trust from $16.50 to $17.00 and gave the stock a “neutral” rating in a research report on Thursday, August 16th. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Robert W. Baird cut shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 price objective for the company. in a research report on Wednesday, October 24th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $17.75.
KRG stock opened at $16.63 on Friday. The stock has a market capitalization of $1.40 billion, a PE ratio of 8.28, a P/E/G ratio of 2.12 and a beta of 0.50. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.89 and a quick ratio of 0.89. Kite Realty Group Trust has a 12 month low of $13.87 and a 12 month high of $20.24.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 11th. Stockholders of record on Friday, January 4th will be issued a $0.3175 dividend. The ex-dividend date of this dividend is Thursday, January 3rd. This represents a $1.27 dividend on an annualized basis and a dividend yield of 7.64%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 62.25%.
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Kite Realty Group Trust Company Profile
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.
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