Tudor Investment Corp ET AL Purchases Shares of 25,250 Kite Realty Group Trust $KRG

Tudor Investment Corp ET AL acquired a new position in shares of Kite Realty Group Trust (NYSE:KRG) during the 3rd quarter, Holdings Channel reports. The fund acquired 25,250 shares of the real estate investment trust’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of KRG. State of Wyoming purchased a new position in shares of Kite Realty Group Trust in the third quarter valued at $516,000. Candriam S.C.A. purchased a new stake in Kite Realty Group Trust during the third quarter valued at $2,066,000. Envestnet Asset Management Inc. lifted its position in Kite Realty Group Trust by 22.4% during the third quarter. Envestnet Asset Management Inc. now owns 300,382 shares of the real estate investment trust’s stock valued at $6,699,000 after purchasing an additional 54,914 shares during the last quarter. Centersquare Investment Management LLC lifted its position in Kite Realty Group Trust by 9.9% during the third quarter. Centersquare Investment Management LLC now owns 8,130,960 shares of the real estate investment trust’s stock valued at $181,320,000 after purchasing an additional 733,378 shares during the last quarter. Finally, AlphaQuest LLC grew its stake in shares of Kite Realty Group Trust by 227.5% in the 3rd quarter. AlphaQuest LLC now owns 62,930 shares of the real estate investment trust’s stock worth $1,403,000 after buying an additional 43,716 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

KRG stock opened at $24.58 on Wednesday. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $26.38. The company has a current ratio of 0.74, a quick ratio of 0.74 and a debt-to-equity ratio of 0.98. The company has a 50-day moving average price of $24.88 and a 200 day moving average price of $23.53. The stock has a market cap of $5.08 billion, a PE ratio of 17.81, a P/E/G ratio of 4.43 and a beta of 0.86.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 16th. Shareholders of record on Thursday, April 9th will be given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 4.7%. The ex-dividend date is Thursday, April 9th. Kite Realty Group Trust’s payout ratio is 84.06%.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Citigroup restated a “neutral” rating and issued a $27.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a report on Tuesday, February 24th. UBS Group reaffirmed a “neutral” rating and issued a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a report on Thursday, January 8th. Wall Street Zen upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Saturday, February 21st. Robert W. Baird boosted their price objective on Kite Realty Group Trust from $25.00 to $27.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Finally, Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 price objective (up from $23.00) on shares of Kite Realty Group Trust in a research note on Monday, December 15th. Three analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and an average target price of $26.38.

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.