MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income Purchases New Holdings in Kite Realty Group Trust (NYSE:KRG)

MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRGGet Rating) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 576,480 shares of the real estate investment trust’s stock, valued at approximately $13,126,000. Kite Realty Group Trust comprises about 1.5% of MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income’s investment portfolio, making the stock its 15th largest holding. MESIROW FINANCIAL INVESTMENT MANAGEMENT Equity & Fixed Income owned 0.26% of Kite Realty Group Trust as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently bought and sold shares of KRG. Farmers & Merchants Investments Inc. acquired a new position in Kite Realty Group Trust during the first quarter valued at approximately $33,000. EverSource Wealth Advisors LLC acquired a new position in Kite Realty Group Trust during the fourth quarter valued at approximately $36,000. Quadrant Capital Group LLC boosted its position in Kite Realty Group Trust by 2,050.5% during the fourth quarter. Quadrant Capital Group LLC now owns 2,129 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 2,030 shares during the last quarter. Rockefeller Capital Management L.P. boosted its position in Kite Realty Group Trust by 776.0% during the fourth quarter. Rockefeller Capital Management L.P. now owns 2,155 shares of the real estate investment trust’s stock valued at $46,000 after purchasing an additional 1,909 shares during the last quarter. Finally, MCF Advisors LLC acquired a new stake in shares of Kite Realty Group Trust in the first quarter valued at approximately $54,000. 90.42% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRG has been the subject of a number of recent analyst reports. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a research report on Thursday, June 30th. Compass Point cut their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating for the company in a research report on Wednesday, June 22nd. Capital One Financial reiterated an “overweight” rating on shares of Kite Realty Group Trust in a research note on Wednesday, May 25th. Piper Sandler lowered their target price on Kite Realty Group Trust to $25.00 in a research note on Monday, July 4th. Finally, Barclays lowered their target price on Kite Realty Group Trust from $29.00 to $28.00 and set an “overweight” rating on the stock in a research note on Friday, July 15th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Moderate Buy” and a consensus target price of $26.00.

Kite Realty Group Trust Trading Up 0.4 %

Kite Realty Group Trust stock traded up $0.07 during mid-day trading on Friday, reaching $19.79. 767,046 shares of the company were exchanged, compared to its average volume of 1,227,309. The company has a fifty day simple moving average of $18.61 and a 200-day simple moving average of $20.65. Kite Realty Group Trust has a 12 month low of $16.68 and a 12 month high of $23.35. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.25 and a quick ratio of 2.16.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 8th were issued a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 4.24%. The ex-dividend date of this dividend was Thursday, July 7th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.20. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently -135.48%.

Kite Realty Group Trust Profile

(Get Rating)

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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