SG Americas Securities LLC Buys 209,181 Shares of Kite Realty Group Trust $KRG

SG Americas Securities LLC raised its stake in Kite Realty Group Trust (NYSE:KRG) by 783.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 235,873 shares of the real estate investment trust’s stock after buying an additional 209,181 shares during the quarter. SG Americas Securities LLC owned 0.11% of Kite Realty Group Trust worth $5,654,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Centersquare Investment Management LLC grew its position in shares of Kite Realty Group Trust by 9.9% during the 3rd quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock worth $181,320,000 after buying an additional 733,378 shares during the period. Bank of America Corp DE boosted its stake in Kite Realty Group Trust by 6.9% during the 3rd quarter. Bank of America Corp DE now owns 6,368,129 shares of the real estate investment trust’s stock worth $142,009,000 after acquiring an additional 411,465 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Kite Realty Group Trust by 5.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 3,275,968 shares of the real estate investment trust’s stock worth $73,052,000 after acquiring an additional 165,889 shares during the last quarter. Norges Bank acquired a new position in Kite Realty Group Trust during the second quarter valued at approximately $65,504,000. Finally, Lasalle Investment Management Securities LLC grew its holdings in Kite Realty Group Trust by 177.3% during the third quarter. Lasalle Investment Management Securities LLC now owns 2,815,190 shares of the real estate investment trust’s stock valued at $62,779,000 after purchasing an additional 1,799,866 shares during the period. Institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Saturday, February 21st. Citigroup reissued a “neutral” rating and issued a $27.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Weiss Ratings raised Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research note on Wednesday, February 18th. UBS Group reiterated a “neutral” rating and set a $25.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Finally, Wells Fargo & Company boosted their target price on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research note on Thursday, March 19th. Three equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $26.38.

Kite Realty Group Trust Stock Performance

Shares of KRG opened at $24.58 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.74 and a current ratio of 0.74. Kite Realty Group Trust has a twelve month low of $18.51 and a twelve month high of $26.38. The firm’s 50 day moving average price is $24.88 and its two-hundred day moving average price is $23.53. The firm has a market cap of $5.08 billion, a P/E ratio of 17.81, a PEG ratio of 4.43 and a beta of 0.86.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 9th will be given a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, April 9th. Kite Realty Group Trust’s payout ratio is currently 84.06%.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.