LSV Asset Management Grows Position in Kite Realty Group Trust (NYSE:KRG)

LSV Asset Management raised its position in shares of Kite Realty Group Trust (NYSE:KRG) by 33.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 917,000 shares of the real estate investment trust’s stock after acquiring an additional 229,788 shares during the period. LSV Asset Management’s holdings in Kite Realty Group Trust were worth $20,963,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. M&T Bank Corp raised its holdings in Kite Realty Group Trust by 9.6% during the 4th quarter. M&T Bank Corp now owns 35,442 shares of the real estate investment trust’s stock valued at $810,000 after buying an additional 3,092 shares during the period. Victory Capital Management Inc. lifted its stake in Kite Realty Group Trust by 15.6% in the fourth quarter. Victory Capital Management Inc. now owns 125,844 shares of the real estate investment trust’s stock worth $2,877,000 after purchasing an additional 16,991 shares during the last quarter. Van ECK Associates Corp boosted its position in shares of Kite Realty Group Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 30,518 shares of the real estate investment trust’s stock valued at $698,000 after buying an additional 5,018 shares during the period. Retirement Systems of Alabama grew its stake in shares of Kite Realty Group Trust by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 274,770 shares of the real estate investment trust’s stock valued at $6,281,000 after buying an additional 860 shares during the last quarter. Finally, Wolverine Asset Management LLC raised its holdings in shares of Kite Realty Group Trust by 280.5% in the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after buying an additional 1,327 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on KRG shares. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. Jefferies Financial Group upgraded 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 report on Thursday, April 18th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $26.00.

Kite Realty Group Trust Stock Performance

Shares of Kite Realty Group Trust stock opened at $21.04 on Tuesday. The company has a current ratio of 2.72, a quick ratio of 0.76 and a debt-to-equity ratio of 0.90. The stock’s fifty day moving average price is $21.03 and its 200-day moving average price is $21.43. The firm has a market cap of $4.62 billion, a P/E ratio of 80.93, a P/E/G ratio of 3.03 and a beta of 1.28. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Tuesday, July 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 4.75%. The ex-dividend date is Friday, July 5th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 384.63%.

About Kite Realty Group Trust

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.