Victory Capital Management Inc. decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 1.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,058,450 shares of the real estate investment trust’s stock after selling 38,009 shares during the quarter. Victory Capital Management Inc. owned about 2.46% of Kite Realty Group Trust worth $29,004,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of Kite Realty Group Trust by 3.2% in the third quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock valued at $216,308,000 after buying an additional 408,882 shares in the last quarter. Vanguard Group Inc grew its stake in shares of Kite Realty Group Trust by 3.2% in the third quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock valued at $216,308,000 after buying an additional 408,882 shares in the last quarter. Macquarie Group Ltd. boosted its holdings in Kite Realty Group Trust by 26.3% in the third quarter. Macquarie Group Ltd. now owns 3,784,954 shares of the real estate investment trust’s stock valued at $63,019,000 after purchasing an additional 788,808 shares during the period. Bank of New York Mellon Corp boosted its holdings in Kite Realty Group Trust by 2.9% in the third quarter. Bank of New York Mellon Corp now owns 1,426,199 shares of the real estate investment trust’s stock valued at $23,746,000 after purchasing an additional 40,020 shares during the period. Finally, Dimensional Fund Advisors LP lifted its holdings in Kite Realty Group Trust by 0.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,341,778 shares of the real estate investment trust’s stock worth $22,340,000 after buying an additional 5,261 shares during the last quarter. 92.75% of the stock is owned by institutional investors.

NYSE KRG opened at $16.90 on Tuesday. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.89 and a current ratio of 0.89. Kite Realty Group Trust has a 12-month low of $13.66 and a 12-month high of $17.75. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 8.28, a price-to-earnings-growth ratio of 2.34 and a beta of 0.86.

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 22nd will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 7.51%. The ex-dividend date of this dividend is Thursday, March 21st. Kite Realty Group Trust’s payout ratio is 62.25%.

In other Kite Realty Group Trust news, CEO John A. Kite sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, December 13th. The stock was sold at an average price of $16.21, for a total transaction of $194,520.00. Following the transaction, the chief executive officer now owns 47,088 shares in the company, valued at approximately $763,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.93% of the company’s stock.

Several analysts have recently weighed in on KRG shares. Robert W. Baird downgraded Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price for the company. in a report on Wednesday, October 24th. Zacks Investment Research cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, November 27th. ValuEngine upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Citigroup dropped their price target on Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Finally, Barclays cut Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and boosted their price target for the company from $15.00 to $16.00 in a research report on Monday, February 4th. One analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.13.

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Kite Realty Group Trust Company Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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