Wolverine Asset Management LLC Has $41,000 Stock Position in Kite Realty Group Trust (NYSE:KRG)

Wolverine Asset Management LLC increased its stake in Kite Realty Group Trust (NYSE:KRG) by 280.5% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,800 shares of the real estate investment trust’s stock after buying an additional 1,327 shares during the quarter. Wolverine Asset Management LLC’s holdings in Kite Realty Group Trust were worth $41,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in KRG. Duality Advisers LP bought a new stake in Kite Realty Group Trust during the fourth quarter worth $973,000. Federated Hermes Inc. raised its holdings in shares of Kite Realty Group Trust by 11.8% in the 4th quarter. Federated Hermes Inc. now owns 267,354 shares of the real estate investment trust’s stock valued at $6,112,000 after purchasing an additional 28,250 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Kite Realty Group Trust by 17.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 92,252 shares of the real estate investment trust’s stock valued at $2,109,000 after purchasing an additional 13,375 shares during the period. Strs Ohio lifted its stake in Kite Realty Group Trust by 156.6% in the 4th quarter. Strs Ohio now owns 1,869,278 shares of the real estate investment trust’s stock valued at $42,731,000 after purchasing an additional 1,140,700 shares during the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in Kite Realty Group Trust during the fourth quarter worth about $1,408,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $21.26 on Monday. The firm has a market cap of $4.67 billion, a P/E ratio of 96.64, a price-to-earnings-growth ratio of 3.06 and a beta of 1.29. The business’s 50 day moving average is $21.01 and its 200-day moving average is $21.40. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. Kite Realty Group Trust has a 1-year low of $19.16 and a 1-year high of $24.26.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, April 12th. Stockholders of record on Friday, April 5th were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.70%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio is currently 454.57%.

Analyst Ratings Changes

Several research firms have issued reports on KRG. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective on the stock in a research note on Thursday, April 18th. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Thursday, February 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $26.00.

Kite Realty Group Trust Profile

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.