Oliver Luxxe Assets LLC Purchases 3,268 Shares of Kite Realty Group Trust (NYSE:KRG)

Oliver Luxxe Assets LLC lifted its holdings in Kite Realty Group Trust (NYSE:KRG) by 3.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 91,368 shares of the real estate investment trust’s stock after purchasing an additional 3,268 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in Kite Realty Group Trust were worth $2,306,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. increased its holdings in shares of Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 950 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust during the third quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Kite Realty Group Trust during the third quarter valued at approximately $45,000. Quarry LP raised its position in Kite Realty Group Trust by 108.4% during the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,167 shares during the period. Finally, Versant Capital Management Inc lifted its stake in shares of 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 purchasing an additional 2,080 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on KRG shares. Robert W. Baird raised their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. 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 report on Tuesday, November 12th. Finally, Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $31.00 to $27.00 in a research note on Thursday. Four 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. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $29.43.

Kite Realty Group Trust Stock Down 2.4 %

Shares of KRG stock traded down $0.59 during mid-day trading on Monday, hitting $24.46. 503,494 shares of the stock traded hands, compared to its average volume of 852,757. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $28.24. The stock has a market cap of $5.37 billion, a P/E ratio of -611.50, a P/E/G ratio of 3.81 and a beta of 1.29. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08. The stock’s fifty day moving average is $26.38 and its two-hundred day moving average is $25.34.

Kite Realty Group Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Stockholders of record on Friday, January 10th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.42%. The ex-dividend date of this dividend is Friday, January 10th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. Kite Realty Group Trust’s dividend payout ratio is currently -2,700.00%.

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.