2 weeks Ago By ABMN Staff
Russell Investments Group Ltd. lowered its holdings in shares of Kite Realty Group Trust ( NYSE:KRG – Free Report ) by 1.4% in the 4th quarter, HoldingsChannel reports.
The firm owned 110,251 shares of the real estate investment trust’s stock after selling 1,534 shares during the period. Russell Investments Group Ltd.’s holdings in Kite Realty Group Trust were worth $2,783,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in KRG. Wilmington Savings Fund Society FSB bought a new position in shares of Kite Realty Group Trust during the 3rd quarter worth approximately $39,000. Versant Capital Management Inc lifted its position in shares of Kite Realty Group Trust by 551.
7% during the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after acquiring an additional 2,080 shares during the period. Spectrum Wealth Counsel LLC bought a new position in Kite Realty Group Trust during the fourth quarter worth $101,000.
Headlands Technologies LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth $116,000. Finally, GAMMA Investing LLC increased its stake in Kite Realty Group Trust by 15.8% in the fourth quarter.
GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock valued at $121,000 after purchasing an additional 652 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.
Kite Realty Group Trust Stock Up 1.5 % KRG stock opened at $21.36 on Friday.
The firm has a market capitalization of $4.69 billion, a PE ratio of 1,067.80, a P/E/G ratio of 3.
57 and a beta of 1.05. The company has a quick ratio of 2.
98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97.
Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24.
The stock’s 50 day moving average is $21.94 and its 200-day moving average is $24.25.
Kite Realty Group Trust Dividend Announcement The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th were issued a dividend of $0.27 per share.
This represents a $1.08 annualized dividend and a yield of 5.06%.
The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 5,400.00%.
Wall Street Analysts Forecast Growth A number of research firms have recently issued reports on KRG. Piper Sandler reissued a “neutral” rating and set a $25.00 price objective (down previously from $33.
00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Wells Fargo & Company cut their price target on Kite Realty Group Trust from $26.00 to $24.
00 and set an “equal weight” rating on the stock in a report on Wednesday, March 26th. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $31.00 to $27.
00 in a research note on Thursday, January 2nd. Raymond James lowered their target price on Kite Realty Group Trust from $31.00 to $28.
00 and set a “strong-buy” rating on the stock in a research report on Monday, March 10th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kite Realty Group Trust from $30.
00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock.
According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $27.88. Get Our Latest Analysis on KRG Kite Realty Group Trust Company Profile ( Free Report ) 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. Recommended Stories Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust ( NYSE:KRG – Free Report ).
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