Tudor Investment Corp ET AL Acquires Shares of 25,250 Kite Realty Group Trust $KRG

Tudor Investment Corp ET AL acquired a new stake in shares of Kite Realty Group Trust (NYSE:KRG) during the third quarter, Holdings Channel reports. The fund acquired 25,250 shares of the real estate investment trust’s stock, valued at approximately $563,000.

A number of other large investors have also recently added to or reduced their stakes in the stock. Harbor Capital Advisors Inc. lifted its position in shares of Kite Realty Group Trust by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after buying an additional 462 shares during the last quarter. First Horizon Corp acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC grew its stake in shares of Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares during the last quarter. Smallwood Wealth Investment Management LLC grew its stake in shares of Kite Realty Group Trust by 57.9% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock worth $39,000 after purchasing an additional 641 shares during the last quarter. Finally, Danske Bank A S acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $49,000. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Robert W. Baird lifted their price objective on shares of Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Citigroup reissued a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Wall Street Zen raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Wells Fargo & Company lifted their price objective on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Finally, Weiss Ratings raised shares of Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a report on Wednesday, February 18th. Three investment analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $26.38.

Kite Realty Group Trust Trading Up 0.4%

Shares of Kite Realty Group Trust stock opened at $25.77 on Thursday. The stock has a market capitalization of $5.23 billion, a P/E ratio of 18.67, a price-to-earnings-growth ratio of 4.65 and a beta of 0.88. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a 50-day simple moving average of $25.25 and a 200 day simple moving average of $23.75. Kite Realty Group Trust has a 12-month low of $20.78 and a 12-month high of $26.38.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 9th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.5%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 84.06%.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.