Hantz Financial Services Inc. Raises Position in Kite Realty Group Trust (NYSE:KRG)

Hantz Financial Services Inc. increased its holdings in Kite Realty Group Trust (NYSE:KRG) by 11.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 32,702 shares of the real estate investment trust’s stock after purchasing an additional 3,296 shares during the period. Hantz Financial Services Inc.’s holdings in Kite Realty Group Trust were worth $825,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in KRG. Fifth Third Bancorp raised its holdings in shares of Kite Realty Group Trust by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust’s stock worth $465,000 after purchasing an additional 466 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Kite Realty Group Trust by 0.5% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock valued at $2,554,000 after buying an additional 483 shares during the period. State of Alaska Department of Revenue lifted its position in Kite Realty Group Trust by 0.4% during the third quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock valued at $3,408,000 after buying an additional 484 shares in the last quarter. Marcum Wealth LLC grew its stake in Kite Realty Group Trust by 1.4% during the third quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after buying an additional 571 shares during the period. Finally, GAMMA Investing LLC increased its position in shares of Kite Realty Group Trust by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

KRG has been the topic of several analyst reports. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. JPMorgan Chase & Co. dropped their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Robert W. Baird upped their target price on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. KeyCorp lifted their price target on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research note on Tuesday, November 12th. Finally, Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $29.13.

Kite Realty Group Trust Stock Down 1.6 %

Shares of NYSE:KRG opened at $23.15 on Friday. The company’s fifty day moving average is $25.05 and its 200-day moving average is $25.49. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24. The company has a market capitalization of $5.09 billion, a PE ratio of -578.75, a P/E/G ratio of 3.61 and a beta of 1.29.

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

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.