63,500 Shares in Kite Realty Group Trust $KRG Purchased by Pensionfund PDN

Pensionfund PDN purchased a new stake in Kite Realty Group Trust (NYSE:KRG) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 63,500 shares of the real estate investment trust’s stock, valued at approximately $1,522,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of KRG. State of Wyoming bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $516,000. Candriam S.C.A. bought a new stake in Kite Realty Group Trust during the third quarter worth approximately $2,066,000. Envestnet Asset Management Inc. grew its position in Kite Realty Group Trust by 22.4% in the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock worth $6,699,000 after buying an additional 54,914 shares during the last quarter. Centersquare Investment Management LLC grew its position in Kite Realty Group Trust by 9.9% in the third 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 last quarter. Finally, AlphaQuest LLC increased its holdings in shares of Kite Realty Group Trust by 227.5% in the third quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock valued at $1,403,000 after buying an additional 43,716 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently commented on KRG shares. Weiss Ratings upgraded Kite Realty Group Trust from a “hold (c)” rating to a “buy (b-)” rating in a research report on Wednesday, February 18th. Robert W. Baird lifted their target price on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Citigroup reaffirmed a “neutral” rating and set a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. Wells Fargo & Company increased their price target on Kite Realty Group Trust from $25.00 to $28.00 and gave the company an “overweight” rating in a research report on Thursday, March 19th. Finally, UBS Group reissued a “neutral” rating and issued a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.38.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $24.59 on Tuesday. The company’s fifty day moving average is $24.77 and its two-hundred day moving average is $23.47. The company has a quick ratio of 0.74, a current ratio of 0.74 and a debt-to-equity ratio of 0.98. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $26.38. The company has a market cap of $5.08 billion, a P/E ratio of 17.82, a price-to-earnings-growth ratio of 4.46 and a beta of 0.86.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Investors of record on Thursday, April 9th will be paid 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 dividend payout ratio is currently 84.06%.

Kite Realty Group Trust Company Profile

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.