Kite Realty Group Trust (NYSE:KRG) Shares Bought by SG Americas Securities LLC

Posted by Defense World Staff on Jul 23rd, 2023

SG Americas Securities LLC grew its stake in shares of Kite Realty Group Trust (NYSE:KRG – Free Report) by 39.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 94,134 shares of the real estate investment trust’s stock after acquiring an additional 26,573 shares during the period. SG Americas Securities LLC’s holdings in Kite Realty Group Trust were worth $1,969,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of KRG. Handelsbanken Fonder AB raised its position in shares of Kite Realty Group Trust by 108.0% during the 1st quarter. Handelsbanken Fonder AB now owns 58,933 shares of the real estate investment trust’s stock worth $1,233,000 after purchasing an additional 30,600 shares during the last quarter. Fort Washington Investment Advisors Inc. OH raised its position in shares of Kite Realty Group Trust by 14.9% during the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 822,367 shares of the real estate investment trust’s stock worth $17,204,000 after purchasing an additional 106,427 shares during the last quarter. New York State Teachers Retirement System raised its position in shares of Kite Realty Group Trust by 4.2% during the 1st quarter. New York State Teachers Retirement System now owns 363,120 shares of the real estate investment trust’s stock worth $7,596,000 after purchasing an additional 14,750 shares during the last quarter. Arizona State Retirement System raised its position in shares of Kite Realty Group Trust by 2.7% during the 1st quarter. Arizona State Retirement System now owns 63,484 shares of the real estate investment trust’s stock worth $1,328,000 after purchasing an additional 1,655 shares during the last quarter. Finally, Strs Ohio raised its position in shares of Kite Realty Group Trust by 15.7% during the 1st quarter. Strs Ohio now owns 910,065 shares of the real estate investment trust’s stock worth $19,038,000 after purchasing an additional 123,812 shares during the last quarter. 94.48% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 1.0 %

Shares of NYSE KRG opened at $23.30 on Friday. Kite Realty Group Trust has a 52-week low of $16.42 and a 52-week high of $23.70. The firm has a fifty day moving average of $21.34 and a 200-day moving average of $21.04. The stock has a market capitalization of $5.11 billion, a PE ratio of 776.67, a P/E/G ratio of 2.23 and a beta of 1.39. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.80.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, July 7th were paid a dividend of $0.24 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $0.96 annualized dividend and a dividend yield of 4.12%. Kite Realty Group Trust’s dividend payout ratio is presently 3,200.00%.

Wall Street Analyst Weigh In

KRG has been the subject of several research reports. Piper Sandler lifted their price objective on Kite Realty Group Trust from $26.00 to $28.00 in a research report on Monday, May 8th. JPMorgan Chase & Co. started coverage on shares of Kite Realty Group Trust in a research note on Monday, April 24th. They issued a “neutral” rating and a $23.00 target price for the company. Wells Fargo & Company started coverage on shares of Kite Realty Group Trust in a research note on Tuesday, May 23rd. They issued an “underweight” rating and a $20.00 target price for the company. Barclays lifted their target price on shares of Kite Realty Group Trust from $27.00 to $28.00 in a research note on Wednesday, June 21st. Finally, StockNews.com started coverage on shares of Kite Realty Group Trust in a research note on Thursday, May 18th. They issued a “sell” rating for the company. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $24.63.

Kite Realty Group Trust 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.