Timbercreek Investment Management Inc. grew its stake in Kite Realty Group Trust (NYSE:KRG) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 325,661 shares of the real estate investment trust’s stock after purchasing an additional 2,300 shares during the quarter. Kite Realty Group Trust comprises about 1.3% of Timbercreek Investment Management Inc.’s holdings, making the stock its 29th biggest holding. Timbercreek Investment Management Inc. owned about 0.39% of Kite Realty Group Trust worth $4,589,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. BlackRock Inc. raised its holdings in Kite Realty Group Trust by 5.9% in the 2nd quarter. BlackRock Inc. now owns 14,408,782 shares of the real estate investment trust’s stock worth $246,103,000 after purchasing an additional 799,164 shares in the last quarter. Vanguard Group Inc. raised its holdings in Kite Realty Group Trust by 3.2% in the 3rd quarter. Vanguard Group Inc. now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after purchasing an additional 408,882 shares in the last quarter. Vanguard Group Inc raised its holdings in Kite Realty Group Trust by 3.2% in the 3rd quarter. Vanguard Group Inc now owns 12,991,507 shares of the real estate investment trust’s stock worth $216,308,000 after purchasing an additional 408,882 shares in the last quarter. Macquarie Group Ltd. raised its holdings in Kite Realty Group Trust by 26.3% in the 3rd quarter. Macquarie Group Ltd. now owns 3,784,954 shares of the real estate investment trust’s stock worth $63,019,000 after purchasing an additional 788,808 shares in the last quarter. Finally, Victory Capital Management Inc. raised its holdings in Kite Realty Group Trust by 0.7% in the 3rd quarter. Victory Capital Management Inc. now owns 2,096,459 shares of the real estate investment trust’s stock worth $34,906,000 after purchasing an additional 13,969 shares in the last quarter. Institutional investors and hedge funds own 91.27% of the company’s stock.

In related news, CEO John A. Kite sold 12,000 shares of the stock in a transaction dated Thursday, December 13th. The shares were sold at an average price of $16.21, for a total transaction of $194,520.00. Following the sale, the chief executive officer now directly owns 47,088 shares of the company’s stock, valued at approximately $763,296.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.93% of the company’s stock.

A number of research firms have recently weighed in on KRG. Zacks Investment Research raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Wednesday. ValuEngine raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, December 15th. Citigroup reduced their target price on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating on the stock in a research report on Thursday, November 29th. Finally, Robert W. Baird downgraded shares of Kite Realty Group Trust from an “outperform” rating to a “neutral” rating and set a $17.00 target price on the stock. in a research report on Wednesday, October 24th. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $16.70.

Shares of NYSE:KRG traded down $0.02 during midday trading on Friday, reaching $15.43. The company’s stock had a trading volume of 21,043 shares, compared to its average volume of 652,955. Kite Realty Group Trust has a 12-month low of $13.66 and a 12-month high of $18.39. The company has a market capitalization of $1.29 billion, a PE ratio of 7.53, a P/E/G ratio of 2.12 and a beta of 0.66. The company has a debt-to-equity ratio of 1.07, a current ratio of 0.89 and a quick ratio of 0.89.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, January 11th. Investors of record on Friday, January 4th will be given a dividend of $0.3175 per share. This represents a $1.27 annualized dividend and a yield of 8.23%. The ex-dividend date is Thursday, January 3rd. Kite Realty Group Trust’s dividend payout ratio (DPR) is 62.25%.

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About Kite Realty Group Trust

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 tenants 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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