Tudor Investment Corp ET AL Takes Position in Kite Realty Group Trust $KRG

Tudor Investment Corp ET AL bought a new position in Kite Realty Group Trust (NYSE:KRG) during the third quarter, according to its most recent disclosure with the SEC. The firm bought 25,250 shares of the real estate investment trust’s stock, valued at approximately $563,000.

Several other institutional investors and hedge funds also recently bought and sold shares of KRG. State of Wyoming purchased a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at about $516,000. Candriam S.C.A. bought a new stake in Kite Realty Group Trust during the 3rd quarter worth approximately $2,066,000. Envestnet Asset Management Inc. lifted its holdings in Kite Realty Group Trust by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock valued at $6,699,000 after purchasing an additional 54,914 shares in the last quarter. Centersquare Investment Management LLC lifted its holdings in Kite Realty Group Trust by 9.9% during the third quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock valued at $181,320,000 after purchasing an additional 733,378 shares in the last quarter. Finally, AlphaQuest LLC boosted its position 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 worth $1,403,000 after purchasing an additional 43,716 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have recently commented on KRG shares. Wells Fargo & Company raised their price objective on shares of 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. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Jefferies Financial Group reissued a “hold” rating and set a $24.00 price target (up from $23.00) on shares of Kite Realty Group Trust in a report on Monday, December 15th. Citigroup restated a “neutral” rating and issued a $27.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research report on Tuesday, February 24th. Finally, Robert W. Baird upped their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Three research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Hold” and an average target price of $26.38.

Kite Realty Group Trust Stock Performance

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. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 17.81, a PEG ratio of 4.43 and a beta of 0.86. The company has a fifty day moving average of $24.88 and a 200 day moving average of $23.53. Kite Realty Group Trust has a fifty-two week low of $18.51 and a fifty-two week high of $26.38.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 16th. Stockholders of record on Thursday, April 9th will be given a dividend of $0.29 per share. The ex-dividend date is Thursday, April 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.7%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 84.06%.

Kite Realty Group Trust 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.