Vanderbilt University Purchases 17,348 Shares of Kite Realty Group Trust (NYSE:KRG)

Vanderbilt University lifted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 115.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 32,411 shares of the real estate investment trust’s stock after purchasing an additional 17,348 shares during the period. Vanderbilt University’s holdings in Kite Realty Group Trust were worth $818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. grew its holdings in Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 950 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Kite Realty Group Trust in the third quarter valued at about $39,000. Strategic Investment Solutions Inc. IL acquired a new position in shares of Kite Realty Group Trust in the third quarter valued at about $45,000. Versant Capital Management Inc increased its position in Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,080 shares during the period. Finally, GAMMA Investing LLC raised its stake in Kite Realty Group Trust by 110.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,170 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

Kite Realty Group Trust stock opened at $23.13 on Thursday. 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 52 week low of $19.64 and a 52 week high of $28.24. The stock has a market capitalization of $5.08 billion, a P/E ratio of -578.13, a price-to-earnings-growth ratio of 3.62 and a beta of 1.27. The stock has a fifty day moving average of $24.76 and a 200-day moving average of $25.49.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. KeyCorp increased their target price on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Wells Fargo & Company reduced their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. JPMorgan Chase & Co. dropped their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Finally, Robert W. Baird boosted their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

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.