Kite Realty Group Trust (NYSE:KRG) Shares Bought by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank raised its position in Kite Realty Group Trust (NYSE:KRG) by 17.0% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 92,252 shares of the real estate investment trust’s stock after purchasing an additional 13,375 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Kite Realty Group Trust were worth $2,109,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Wellington Management Group LLP purchased a new stake in shares of Kite Realty Group Trust in the third quarter valued at $8,160,000. Walleye Trading LLC purchased a new stake in shares of Kite Realty Group Trust in the third quarter valued at $1,349,000. Natixis Advisors L.P. lifted its position in shares of Kite Realty Group Trust by 22.9% in the third quarter. Natixis Advisors L.P. now owns 37,102 shares of the real estate investment trust’s stock valued at $795,000 after acquiring an additional 6,915 shares in the last quarter. Raymond James & Associates lifted its position in shares of Kite Realty Group Trust by 48.0% in the fourth quarter. Raymond James & Associates now owns 123,874 shares of the real estate investment trust’s stock valued at $2,832,000 after acquiring an additional 40,173 shares in the last quarter. Finally, Vanguard Group Inc. lifted its position in shares of Kite Realty Group Trust by 0.9% in the third quarter. Vanguard Group Inc. now owns 32,371,645 shares of the real estate investment trust’s stock valued at $693,401,000 after acquiring an additional 278,421 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research report on Thursday, April 18th. StockNews.com upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Hold” and an average target price of $25.50.

Kite Realty Group Trust Stock Performance

NYSE KRG opened at $21.69 on Wednesday. The business’s 50-day moving average price is $21.02 and its 200 day moving average price is $21.39. Kite Realty Group Trust has a twelve month low of $19.16 and a twelve month high of $24.26. The company has a market capitalization of $4.76 billion, a PE ratio of 98.60, a price-to-earnings-growth ratio of 3.00 and a beta of 1.29. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, April 4th. This represents a $1.00 annualized dividend and a yield of 4.61%. Kite Realty Group Trust’s dividend payout ratio is presently 454.57%.

Kite Realty Group Trust 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.