Thornburg Investment Management Inc. lowered its holdings in shares of Kite Realty Group Trust (NYSE:KRG – Free Report) by 5.2% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 444,493 shares of the real estate investment trust’s stock after selling 24,324 shares during the quarter. Thornburg Investment Management Inc. owned 0.20% of Kite Realty Group Trust worth $9,622,000 as of its most recent SEC filing.
A number of other large investors also recently bought and sold shares of the business. Duality Advisers LP bought a new position in Kite Realty Group Trust in the fourth quarter worth approximately $973,000. LSV Asset Management grew its position in shares of Kite Realty Group Trust by 33.4% during the 4th quarter. LSV Asset Management now owns 917,000 shares of the real estate investment trust’s stock worth $20,963,000 after buying an additional 229,788 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Kite Realty Group Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock valued at $76,448,000 after buying an additional 90,897 shares during the period. Wellington Management Group LLP bought a new stake in shares of Kite Realty Group Trust in the third quarter valued at about $8,160,000. Finally, Entropy Technologies LP purchased a new stake in Kite Realty Group Trust in the first quarter worth about $594,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Kite Realty Group Trust Stock Down 2.2 %
Shares of Kite Realty Group Trust stock traded down $0.52 on Wednesday, reaching $23.60. The stock had a trading volume of 1,291,801 shares, compared to its average volume of 1,661,073. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $24.26. The company has a 50 day moving average price of $22.09 and a 200 day moving average price of $21.57. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.90. The stock has a market capitalization of $5.18 billion, a P/E ratio of 90.77, a P/E/G ratio of 6.05 and a beta of 1.31.
Kite Realty Group Trust Dividend Announcement
Analyst Ratings Changes
Several equities research analysts have recently commented on KRG shares. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, April 18th. Wells Fargo & Company boosted their price objective on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the stock an “underweight” rating in a research note on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $26.00.
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.
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