Pensionfund DSM Netherlands Has $1.73 Million Position in Kite Realty Group Trust (NYSE:KRG)

Pensionfund DSM Netherlands cut its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 18.0% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 68,500 shares of the real estate investment trust’s stock after selling 15,000 shares during the period. Pensionfund DSM Netherlands’ holdings in Kite Realty Group Trust were worth $1,729,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the stock. Geode Capital Management LLC boosted its position in Kite Realty Group Trust by 0.8% during the third quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust’s stock valued at $150,865,000 after purchasing an additional 43,015 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Kite Realty Group Trust by 5.0% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,651,857 shares of the real estate investment trust’s stock worth $96,993,000 after purchasing an additional 173,290 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Kite Realty Group Trust by 6.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,281,659 shares of the real estate investment trust’s stock valued at $73,442,000 after buying an additional 190,380 shares during the last quarter. Millennium Management LLC grew its stake in shares of Kite Realty Group Trust by 17.7% in the second quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust’s stock valued at $57,427,000 after buying an additional 386,566 shares in the last quarter. Finally, American Century Companies Inc. increased its holdings in Kite Realty Group Trust by 16.6% during the second quarter. American Century Companies Inc. now owns 2,080,688 shares of the real estate investment trust’s stock worth $46,566,000 after buying an additional 295,708 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 0.4 %

Shares of NYSE:KRG traded down $0.11 during mid-day trading on Monday, reaching $24.94. 51,667 shares of the company’s stock were exchanged, compared to its average volume of 715,566. The firm has a market capitalization of $5.48 billion, a price-to-earnings ratio of -623.50, a PEG ratio of 3.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The business’s fifty day moving average price is $26.38 and its 200-day moving average price is $25.34.

Kite Realty Group Trust Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, January 10th will be paid a $0.27 dividend. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date is Friday, January 10th. This represents a $1.08 annualized dividend and a dividend yield of 4.33%. Kite Realty Group Trust’s dividend payout ratio is presently -2,700.00%.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. KeyCorp increased their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Robert W. Baird raised their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $31.00 to $27.00 in a research report on Thursday. Four research analysts have rated the stock with a hold rating, three have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.43.

Kite Realty Group Trust Profile

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.