Versor Investments LP Has $1.62 Million Position in Kite Realty Group Trust $KRG

Versor Investments LP lifted its stake in Kite Realty Group Trust (NYSE:KRG) by 471.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 72,612 shares of the real estate investment trust’s stock after buying an additional 59,912 shares during the period. Versor Investments LP’s holdings in Kite Realty Group Trust were worth $1,619,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. lifted its position in shares of Kite Realty Group Trust by 54.8% in the 3rd quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 462 shares during the period. Truist Financial Corp lifted its position in Kite Realty Group Trust by 5.3% in the second quarter. Truist Financial Corp now owns 10,024 shares of the real estate investment trust’s stock worth $227,000 after purchasing an additional 503 shares during the period. Versant Capital Management Inc boosted its stake in Kite Realty Group Trust by 21.4% during the third quarter. Versant Capital Management Inc now owns 3,085 shares of the real estate investment trust’s stock worth $69,000 after buying an additional 544 shares in the last quarter. Smallwood Wealth Investment Management LLC increased its holdings in Kite Realty Group Trust by 57.9% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $39,000 after buying an additional 641 shares during the period. Finally, CWM LLC raised its stake in shares of Kite Realty Group Trust by 17.9% in the 3rd quarter. CWM LLC now owns 4,254 shares of the real estate investment trust’s stock valued at $95,000 after buying an additional 647 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Down 0.5%

Shares of NYSE KRG opened at $24.74 on Tuesday. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $24.99. The firm’s 50-day simple moving average is $23.55 and its 200 day simple moving average is $22.74. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.93. The company has a market cap of $5.36 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 6.28 and a beta of 0.91.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were given a $0.29 dividend. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.27. The ex-dividend date was Friday, January 9th. This represents a $1.16 annualized dividend and a yield of 4.7%. Kite Realty Group Trust’s dividend payout ratio is presently 181.25%.

Analysts Set New Price Targets

KRG has been the topic of a number of analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Kite Realty Group Trust in a research note on Monday, December 29th. UBS Group reiterated a “neutral” rating and issued a $25.00 price objective (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Wells Fargo & Company raised Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $23.00 to $25.00 in a report on Tuesday, October 21st. Wall Street Zen lowered Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Finally, Raymond James Financial lowered Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, November 11th. Two investment analysts have rated the stock with a Buy rating and six have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.43.

Kite Realty Group Trust Profile

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.