Kite Realty Group Trust (NYSE:KRG) Stock Position Increased by Verition Fund Management LLC

Verition Fund Management LLC boosted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 35.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 707,343 shares of the real estate investment trust’s stock after buying an additional 183,521 shares during the quarter. Verition Fund Management LLC’s holdings in Kite Realty Group Trust were worth $16,170,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of the company. Connectus Wealth LLC bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at about $2,137,000. Presima Securities ULC grew its position in Kite Realty Group Trust by 168.2% in the fourth quarter. Presima Securities ULC now owns 121,430 shares of the real estate investment trust’s stock worth $2,776,000 after buying an additional 76,150 shares during the last quarter. Evoke Wealth LLC acquired a new position in Kite Realty Group Trust in the fourth quarter worth approximately $501,000. Hsbc Holdings PLC lifted its position in shares of Kite Realty Group Trust by 28.2% during the 4th quarter. Hsbc Holdings PLC now owns 136,246 shares of the real estate investment trust’s stock valued at $3,118,000 after acquiring an additional 29,983 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted its position in shares of Kite Realty Group Trust by 0.5% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 262,040 shares of the real estate investment trust’s stock valued at $5,990,000 after acquiring an additional 1,400 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 0.5 %

Shares of NYSE:KRG traded down $0.12 during trading on Friday, reaching $22.15. 1,441,863 shares of the company traded hands, compared to its average volume of 1,239,005. The firm has a fifty day simple moving average of $21.11 and a 200 day simple moving average of $21.52. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $24.26. The firm has a market cap of $4.86 billion, a P/E ratio of 85.20, a price-to-earnings-growth ratio of 5.59 and a beta of 1.28.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Investors of record on Tuesday, July 9th will be given a dividend of $0.25 per share. The ex-dividend date is Friday, July 5th. This represents a $1.00 dividend on an annualized basis and a yield of 4.51%. Kite Realty Group Trust’s payout ratio is 384.63%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. Wells Fargo & Company lifted their target price on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an “underweight” rating in a research report on Tuesday, May 28th. Finally, 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 equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, Kite Realty Group Trust currently has an average rating of “Hold” and an average target price of $26.40.

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.