Oliver Luxxe Assets LLC Boosts Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Oliver Luxxe Assets LLC grew its position in Kite Realty Group Trust (NYSE:KRG) by 3.7% during the 4th quarter, HoldingsChannel.com reports. The fund owned 91,368 shares of the real estate investment trust’s stock after buying an additional 3,268 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Kite Realty Group Trust were worth $2,306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Kite Realty Group Trust by 0.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock valued at $2,554,000 after purchasing an additional 483 shares in the last quarter. State of Alaska Department of Revenue raised its position in shares of Kite Realty Group Trust by 0.4% in the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after buying an additional 484 shares during the last quarter. Marcum Wealth LLC lifted its stake in shares of Kite Realty Group Trust by 1.4% in the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after buying an additional 571 shares in the last quarter. GAMMA Investing LLC boosted its position in Kite Realty Group Trust by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC boosted its holdings in shares of Kite Realty Group Trust by 2.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock worth $629,000 after purchasing an additional 671 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 2.4 %

KRG stock traded down $0.59 during midday trading on Monday, reaching $24.46. 503,494 shares of the company were exchanged, compared to its average volume of 852,757. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The company has a market cap of $5.37 billion, a price-to-earnings ratio of -611.50, a price-to-earnings-growth ratio of 3.81 and a beta of 1.29. The stock’s 50-day simple moving average is $26.38 and its 200 day simple moving average is $25.34.

Kite Realty Group Trust Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 16th. Shareholders of record on Friday, January 10th will be paid a $0.27 dividend. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a dividend yield of 4.42%. The ex-dividend date is Friday, January 10th. Kite Realty Group Trust’s dividend payout ratio (DPR) is -2,700.00%.

Analysts Set New Price Targets

Several research firms have recently commented on KRG. KeyCorp lifted their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Robert W. Baird raised their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their target price for the company from $31.00 to $27.00 in a report on Thursday. Four investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $29.43.

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.