Quantbot Technologies LP lessened its holdings in Kite Realty Group Trust (NYSE:KRG) by 52.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 as of its most recent SEC filing.
Other institutional investors and hedge funds have also recently modified their holdings of the company. Cornerstone Wealth Management LLC acquired a new position in Kite Realty Group Trust during the third quarter worth $334,000. Meeder Asset Management Inc. increased its holdings in Kite Realty Group Trust by 244.7% during the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 5,766 shares during the last quarter. Fort Washington Investment Advisors Inc. OH acquired a new position in Kite Realty Group Trust during the third quarter worth $185,000. Eii Capital Management Inc. increased its holdings in Kite Realty Group Trust by 117.4% during the third quarter. Eii Capital Management Inc. now owns 11,544 shares of the real estate investment trust’s stock worth $186,000 after buying an additional 6,234 shares during the last quarter. Finally, Private Advisor Group LLC acquired a new position in Kite Realty Group Trust during the second quarter worth $212,000. Institutional investors and hedge funds own 91.31% of the company’s stock.
Several equities analysts have commented on KRG shares. Robert W. Baird downgraded shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 price objective on the stock. in a report on Wednesday, October 24th. Citigroup decreased their price objective on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating on the stock in a report on Thursday, November 29th. Finally, Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, six have given a hold rating and three have given a buy rating to the company. Kite Realty Group Trust has an average rating of “Hold” and a consensus price target of $17.75.
NYSE:KRG opened at $16.63 on Friday. Kite Realty Group Trust has a one year low of $13.87 and a one year high of $20.24. The firm has a market capitalization of $1.40 billion, a price-to-earnings 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 quick ratio of 0.89 and a current ratio of 0.89.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Shareholders of record on Friday, January 4th will be issued a $0.3175 dividend. The ex-dividend date is Thursday, January 3rd. This represents a $1.27 annualized dividend and a dividend yield of 7.64%. Kite Realty Group Trust’s dividend payout ratio is currently 62.25%.
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Kite Realty Group Trust 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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