GAMMA Investing LLC Boosts Position in Kite Realty Group Trust (NYSE:KRG)

GAMMA Investing LLC increased its holdings in Kite Realty Group Trust (NYSE:KRG) by 15.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,787 shares of the real estate investment trust’s stock after acquiring an additional 652 shares during the quarter. GAMMA Investing LLC’s holdings in Kite Realty Group Trust were worth $121,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in KRG. Versant Capital Management Inc lifted its position in shares of Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,080 shares during the period. Franklin Resources Inc. raised its stake in Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock worth $50,684,000 after buying an additional 673,976 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Kite Realty Group Trust in the third quarter worth about $39,000. Sanctuary Advisors LLC lifted its holdings in Kite Realty Group Trust by 60.3% in the third quarter. Sanctuary Advisors LLC now owns 24,451 shares of the real estate investment trust’s stock worth $670,000 after buying an additional 9,201 shares during the period. Finally, Geode Capital Management LLC boosted its position in Kite Realty Group Trust by 0.8% during the 3rd 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 acquiring an additional 43,015 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 0.6 %

Kite Realty Group Trust stock opened at $23.71 on Friday. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $26.27 and its two-hundred day simple moving average is $25.39. The company has a market capitalization of $5.21 billion, a price-to-earnings ratio of -592.75, a price-to-earnings-growth ratio of 3.81 and a beta of 1.29.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, January 10th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.56%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend is Friday, January 10th. Kite Realty Group Trust’s dividend payout ratio is -2,700.00%.

Analyst Upgrades and Downgrades

KRG has been the subject of several research reports. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their target price for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Robert W. Baird increased their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, KeyCorp boosted their target price on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Four equities 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. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $29.43.

Kite Realty Group Trust Company 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.