Natixis Advisors L.P. trimmed its position in Kite Realty Group Trust (NYSE:KRG – Free Report) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,499 shares of the real estate investment trust’s stock after selling 2,407 shares during the quarter. Natixis Advisors L.P.’s holdings in Kite Realty Group Trust were worth $575,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Natixis purchased a new position in shares of Kite Realty Group Trust in the 4th quarter worth about $3,633,000. Federated Hermes Inc. raised its holdings in shares of Kite Realty Group Trust by 23.0% in the 1st quarter. Federated Hermes Inc. now owns 232,855 shares of the real estate investment trust’s stock worth $4,871,000 after purchasing an additional 43,597 shares during the period. Guggenheim Capital LLC raised its holdings in shares of Kite Realty Group Trust by 83.7% during the 1st quarter. Guggenheim Capital LLC now owns 432,593 shares of the real estate investment trust’s stock valued at $9,050,000 after buying an additional 197,114 shares during the period. Bailard Inc. raised its holdings in shares of Kite Realty Group Trust by 8.4% during the 1st quarter. Bailard Inc. now owns 35,452 shares of the real estate investment trust’s stock valued at $742,000 after buying an additional 2,752 shares during the period. Finally, Gyon Technologies Capital Management LP purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at about $599,000. 97.22% of the stock is currently owned by hedge funds and other institutional investors.
Kite Realty Group Trust Price Performance
Shares of NYSE KRG opened at $22.29 on Thursday. Kite Realty Group Trust has a twelve month low of $16.42 and a twelve month high of $24.26. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 185.72, a price-to-earnings-growth ratio of 2.29 and a beta of 1.40. The business has a 50 day simple moving average of $22.79 and a 200-day simple moving average of $21.35.
Kite Realty Group Trust Dividend Announcement
Analysts Set New Price Targets
Several brokerages recently commented on KRG. StockNews.com began coverage on Kite Realty Group Trust in a report on Thursday, August 17th. They set a “hold” rating on the stock. Barclays raised their target price on Kite Realty Group Trust from $27.00 to $28.00 in a report on Wednesday, June 21st. Raymond James downgraded Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a report on Tuesday. Wells Fargo & Company raised their target price on Kite Realty Group Trust from $20.00 to $23.00 and gave the company an “underweight” rating in a report on Wednesday, August 9th. Finally, Bank of America upped their target price on Kite Realty Group Trust from $26.00 to $28.00 and gave the company a “buy” rating in a research report on Tuesday, August 22nd. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $25.38.
View Our Latest Stock Report on KRG
Kite Realty Group Trust Company Profile
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.
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