Entropy Technologies LP Invests $1.01 Million in Kite Realty Group Trust (NYSE:KRG)

Entropy Technologies LP purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRG) during the 4th quarter, HoldingsChannel reports. The institutional investor purchased 39,875 shares of the real estate investment trust’s stock, valued at approximately $1,006,000.

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

Kite Realty Group Trust Stock Down 1.5 %

Shares of NYSE KRG opened at $23.19 on Tuesday. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24. The stock has a market cap of $5.09 billion, a P/E ratio of -579.80, a PEG ratio of 3.63 and a beta of 1.27. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $24.59 and its 200-day simple moving average is $25.49.

Wall Street Analyst Weigh In

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

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.