Cbre Investment Management Listed Real Assets LLC Has $6.55 Million Stock Position in Kite Realty Group Trust (NYSE:KRG)

Cbre Investment Management Listed Real Assets LLC grew its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 37.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 259,455 shares of the real estate investment trust’s stock after purchasing an additional 70,949 shares during the period. Cbre Investment Management Listed Real Assets LLC owned approximately 0.12% of Kite Realty Group Trust worth $6,549,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the stock. Charles Schwab Investment Management Inc. increased its position in shares of Kite Realty Group Trust by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust’s stock worth $94,039,000 after acquiring an additional 73,926 shares in the last quarter. Steward Partners Investment Advisory LLC grew its position in shares of Kite Realty Group Trust by 42.9% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 12,064 shares of the real estate investment trust’s stock valued at $304,000 after acquiring an additional 3,621 shares during the period. Bailard Inc. grew its position in shares of Kite Realty Group Trust by 3.9% during the 4th quarter. Bailard Inc. now owns 30,548 shares of the real estate investment trust’s stock valued at $771,000 after acquiring an additional 1,148 shares during the period. Spectrum Wealth Counsel LLC bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $101,000. Finally, Aew Capital Management L P bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $31,663,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

KRG has been the topic of a number of recent research reports. 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 on the stock in a research note on Wednesday, January 29th. KeyCorp upped their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their target price for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Piper Sandler restated a “neutral” rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Finally, Robert W. Baird raised their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.13.

Kite Realty Group Trust Trading Down 2.1 %

Shares of NYSE KRG opened at $22.84 on Wednesday. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The stock has a market cap of $5.02 billion, a P/E ratio of 1,141.75, a price-to-earnings-growth ratio of 3.57 and a beta of 1.27. The firm has a 50-day moving average of $23.40 and a 200 day moving average of $25.28. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.73%. Kite Realty Group Trust’s dividend payout ratio is presently 5,400.00%.

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.