Sequoia Financial Advisors LLC lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG – Free Report) by 126.7% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 39,550 shares of the real estate investment trust’s stock after acquiring an additional 22,101 shares during the period. Sequoia Financial Advisors LLC’s holdings in Kite Realty Group Trust were worth $971,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its position in shares of Kite Realty Group Trust by 32.2% during the 1st quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after purchasing an additional 19,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Kite Realty Group Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after purchasing an additional 5,666 shares in the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Kite Realty Group Trust by 118.4% during the second quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 740 shares during the period. California Public Employees Retirement System increased its position in shares of Kite Realty Group Trust by 14.5% in the 2nd quarter. California Public Employees Retirement System now owns 385,476 shares of the real estate investment trust’s stock valued at $8,731,000 after purchasing an additional 48,935 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Kite Realty Group Trust by 3.2% in the second quarter. Daiwa Securities Group Inc. now owns 77,577 shares of the real estate investment trust’s stock valued at $1,757,000 after buying an additional 2,386 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.
Kite Realty Group Trust Stock Performance
Shares of KRG opened at $29.59 on Friday. The company has a 50-day simple moving average of $27.92 and a 200-day simple moving average of $25.97. Kite Realty Group Trust has a 52-week low of $20.86 and a 52-week high of $29.81. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 1.05. The company has a market capitalization of $6.01 billion, a PE ratio of 22.24, a P/E/G ratio of 4.17 and a beta of 0.85.
Kite Realty Group Trust Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 16th. Stockholders of record on Thursday, July 9th were paid a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, July 9th. This represents a $1.16 annualized dividend and a dividend yield of 3.9%. Kite Realty Group Trust’s payout ratio is currently 87.22%.
Analyst Ratings Changes
Several research firms have recently weighed in on KRG. Jefferies Financial Group raised Kite Realty Group Trust to a “hold” rating in a report on Friday, June 26th. UBS Group restated a “neutral” rating and set a $30.00 price target (up from $28.00) on shares of Kite Realty Group Trust in a research note on Thursday, July 9th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Kite Realty Group Trust in a report on Wednesday. LADENBURG THALM/SH SH lifted their price objective on shares of Kite Realty Group Trust from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Wednesday, June 10th. Finally, Wells Fargo & Company reissued an “overweight” rating and issued a $29.00 price objective (up from $28.00) on shares of Kite Realty Group Trust in a research note on Tuesday, May 26th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $27.71.
Check Out Our Latest Analysis on KRG
About Kite Realty Group Trust
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.
See Also
- Five stocks we like better than Kite Realty Group Trust
- AST SpaceMobile Stock Sinks as SpaceX Fallout Rattles Space Sector
- Aehr Test Systems Stock Soars on Earnings, Eyes Over 150% Revenue Growth
- TSMC Just Gave AI Chip Bulls Another Reason to Stay Confident
- GE Aerospace Faces a Prove-It Moment in Q2 Earnings
Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.
