Bailard Inc. Has $830,000 Holdings in Kite Realty Group Trust (NYSE:KRG)

Bailard Inc. raised its position in Kite Realty Group Trust (NYSE:KRG) by 9.8% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 37,100 shares of the real estate investment trust’s stock after buying an additional 3,300 shares during the period. Bailard Inc.’s holdings in Kite Realty Group Trust were worth $830,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in KRG. Cerity Partners LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $323,000. Wolverine Asset Management LLC lifted its position in shares of Kite Realty Group Trust by 280.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust’s stock worth $41,000 after purchasing an additional 1,327 shares in the last quarter. Retirement Systems of Alabama lifted its position in shares of Kite Realty Group Trust by 0.3% during the fourth quarter. Retirement Systems of Alabama now owns 274,770 shares of the real estate investment trust’s stock worth $6,281,000 after purchasing an additional 860 shares in the last quarter. Van ECK Associates Corp lifted its position in shares of Kite Realty Group Trust by 19.7% during the fourth quarter. Van ECK Associates Corp now owns 30,518 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 5,018 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its position in shares of Kite Realty Group Trust by 15.6% during the fourth quarter. Victory Capital Management Inc. now owns 125,844 shares of the real estate investment trust’s stock worth $2,877,000 after purchasing an additional 16,991 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Up 0.7 %

NYSE:KRG traded up $0.19 during trading hours on Monday, hitting $25.94. The stock had a trading volume of 797,057 shares, compared to its average volume of 1,651,296. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $26.06. The company has a debt-to-equity ratio of 0.88, a quick ratio of 2.72 and a current ratio of 2.08. The company has a market cap of $5.70 billion, a price-to-earnings ratio of 99.77, a P/E/G ratio of 6.25 and a beta of 1.31. The business’s 50 day moving average is $23.56 and its 200-day moving average is $22.05.

Kite Realty Group Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 16th. Shareholders of record on Wednesday, October 9th will be paid a $0.26 dividend. This represents a $1.04 annualized dividend and a yield of 4.01%. The ex-dividend date of this dividend is Wednesday, October 9th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.25. Kite Realty Group Trust’s dividend payout ratio is presently 400.00%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Raymond James raised shares of Kite Realty Group Trust from a “market perform” rating to a “strong-buy” rating and set a $28.00 price target for the company in a research note on Friday, August 16th. Wells Fargo & Company boosted their price target on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. Robert W. Baird boosted their price target on shares of Kite Realty Group Trust from $25.00 to $26.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 31st. Finally, KeyCorp boosted their price target on shares of Kite Realty Group Trust from $25.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $26.33.

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.