Mitsubishi UFJ Kokusai Asset Management Co. Ltd. lifted its position in Kite Realty Group Trust (NYSE:KRG – Get Rating) by 9.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,668 shares of the real estate investment trust’s stock after purchasing an additional 9,767 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. owned about 0.05% of Kite Realty Group Trust worth $2,425,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also recently made changes to their positions in KRG. Heitman Real Estate Securities LLC acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $53,855,000. State Street Corp increased its holdings in Kite Realty Group Trust by 15.0% in the 1st quarter. State Street Corp now owns 13,205,735 shares of the real estate investment trust’s stock worth $300,695,000 after acquiring an additional 1,726,009 shares in the last quarter. Waterfront Capital Partners LLC purchased a new stake in Kite Realty Group Trust in the 3rd quarter worth $23,523,000. Macquarie Group Ltd. increased its holdings in Kite Realty Group Trust by 16.6% in the 2nd quarter. Macquarie Group Ltd. now owns 8,943,429 shares of the real estate investment trust’s stock worth $154,637,000 after acquiring an additional 1,275,585 shares in the last quarter. Finally, Cbre Investment Management Listed Real Assets LLC purchased a new stake in Kite Realty Group Trust in the 3rd quarter worth $18,993,000. 96.84% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on KRG shares. StockNews.com lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Wednesday. JPMorgan Chase & Co. started coverage on shares of Kite Realty Group Trust in a report on Monday, April 24th. They issued a “neutral” rating and a $23.00 price target for the company. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.00.
Kite Realty Group Trust Price Performance
Kite Realty Group Trust Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, July 7th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.65%. The ex-dividend date of this dividend is Thursday, July 6th. Kite Realty Group Trust’s payout ratio is 3,201.07%.
About Kite Realty Group Trust
Kite Realty Group Trust operates as a real estate investment trust. It engages in the ownership, operation, acquisition, development, and redevelopment of neighborhood and community shopping centers in selected markets in the United States. The company was founded on August 16, 2004 and is headquartered in Indianapolis, IN.
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