Duality Advisers LP Buys Shares of 42,572 Kite Realty Group Trust (NYSE:KRG)

Duality Advisers LP purchased a new position in shares of Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, Holdings Channel.com reports. The firm purchased 42,572 shares of the real estate investment trust’s stock, valued at approximately $973,000.

Other hedge funds have also recently modified their holdings of the company. Verdence Capital Advisors LLC raised its position in Kite Realty Group Trust by 4.1% during the 3rd quarter. Verdence Capital Advisors LLC now owns 14,619 shares of the real estate investment trust’s stock worth $313,000 after buying an additional 576 shares during the last quarter. Stifel Financial Corp raised its holdings in Kite Realty Group Trust by 0.8% during the third quarter. Stifel Financial Corp now owns 78,300 shares of the real estate investment trust’s stock worth $1,677,000 after purchasing an additional 639 shares in the last quarter. abrdn plc lifted its position in Kite Realty Group Trust by 1.5% in the third quarter. abrdn plc now owns 46,157 shares of the real estate investment trust’s stock valued at $989,000 after purchasing an additional 699 shares during the period. Blue Trust Inc. boosted its holdings in Kite Realty Group Trust by 41.7% in the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust’s stock valued at $54,000 after purchasing an additional 742 shares in the last quarter. Finally, Arizona State Retirement System boosted its holdings in Kite Realty Group Trust by 1.4% in the 3rd quarter. Arizona State Retirement System now owns 62,449 shares of the real estate investment trust’s stock valued at $1,338,000 after purchasing an additional 845 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently issued reports on KRG. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Jefferies Financial Group raised Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a report on Thursday, April 18th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Hold” and a consensus price target of $25.50.

Kite Realty Group Trust Stock Performance

KRG opened at $21.69 on Wednesday. Kite Realty Group Trust has a 1-year low of $19.16 and a 1-year high of $24.26. The stock has a market cap of $4.76 billion, a P/E ratio of 98.60, a P/E/G ratio of 3.07 and a beta of 1.29. The stock’s 50 day simple moving average is $21.02 and its 200 day simple moving average is $21.39. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 4.61%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 454.57%.

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.