Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its position in Kite Realty Group Trust (NYSE:KRG) by 20.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 805,121 shares of the real estate investment trust’s stock after acquiring an additional 136,670 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Kite Realty Group Trust were worth $20,321,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Kite Realty Group Trust by 432.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust’s stock valued at $36,150,000 after buying an additional 1,105,539 shares during the period. APG Asset Management US Inc. bought a new position in Kite Realty Group Trust in the second quarter worth about $16,665,000. Franklin Resources Inc. lifted its holdings in Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock worth $50,684,000 after acquiring an additional 673,976 shares during the last quarter. Lighthouse Investment Partners LLC boosted its stake in Kite Realty Group Trust by 157.9% in the second quarter. Lighthouse Investment Partners LLC now owns 735,000 shares of the real estate investment trust’s stock valued at $16,449,000 after acquiring an additional 450,000 shares during the period. Finally, Millennium Management LLC grew its holdings in shares of Kite Realty Group Trust by 17.7% during the second quarter. Millennium Management LLC now owns 2,566,016 shares of the real estate investment trust’s stock valued at $57,427,000 after purchasing an additional 386,566 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Down 2.0 %

Kite Realty Group Trust stock opened at $23.05 on Thursday. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24. 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 has a market capitalization of $5.06 billion, a PE ratio of -576.13, a price-to-earnings-growth ratio of 3.61 and a beta of 1.29. The firm has a 50 day simple moving average of $25.61 and a 200-day simple moving average of $25.48.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Wednesday, October 30th. The real estate investment trust reported $0.08 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.51 by ($0.43). Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. The firm had revenue of $207.25 million for the quarter, compared to the consensus estimate of $210.39 million. During the same period in the previous year, the business posted $0.51 earnings per share. As a group, equities research analysts expect that Kite Realty Group Trust will post 2.07 EPS for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 16th. Shareholders of record on Friday, January 10th were given a $0.27 dividend. The ex-dividend date of this dividend was Friday, January 10th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.69%. Kite Realty Group Trust’s payout ratio is -2,700.00%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Robert W. Baird upped their price target on shares of 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. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Five research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

About Kite Realty Group Trust

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.