Kite Realty Group Trust (NYSE:KRG) Stake Lessened by Monument Capital Management

Monument Capital Management lowered its holdings in Kite Realty Group Trust (NYSE:KRG) by 3.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,347 shares of the real estate investment trust’s stock after selling 638 shares during the period. Monument Capital Management’s holdings in Kite Realty Group Trust were worth $397,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Duality Advisers LP purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at $973,000. Federated Hermes Inc. increased its stake in shares of Kite Realty Group Trust by 11.8% in the fourth quarter. Federated Hermes Inc. now owns 267,354 shares of the real estate investment trust’s stock worth $6,112,000 after acquiring an additional 28,250 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kite Realty Group Trust by 17.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,252 shares of the real estate investment trust’s stock worth $2,109,000 after acquiring an additional 13,375 shares during the last quarter. Strs Ohio increased its stake in shares of Kite Realty Group Trust by 156.6% in the fourth quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust’s stock worth $42,731,000 after acquiring an additional 1,140,700 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Kite Realty Group Trust in the fourth quarter worth $1,408,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 2.2 %

Kite Realty Group Trust stock opened at $21.35 on Tuesday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76. The company has a market capitalization of $4.69 billion, a price-to-earnings ratio of 97.05, a PEG ratio of 3.00 and a beta of 1.29. Kite Realty Group Trust has a one year low of $19.16 and a one year high of $24.26. The company’s fifty day moving average price is $21.01 and its two-hundred day moving average price is $21.37.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.68%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust’s payout ratio is 454.57%.

Analysts Set New Price Targets

A number of research firms have recently weighed in on KRG. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research note on Thursday, April 18th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $25.50.

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.