Candriam S.C.A. Purchases Shares of 92,631 Kite Realty Group Trust $KRG

Candriam S.C.A. acquired a new stake in Kite Realty Group Trust (NYSE:KRG) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 92,631 shares of the real estate investment trust’s stock, valued at approximately $2,066,000.

Several other large investors have also bought and sold shares of the company. Harbor Capital Advisors Inc. raised its position in Kite Realty Group Trust by 54.8% in the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 462 shares in the last quarter. Ameritas Advisory Services LLC acquired a new position in shares of Kite Realty Group Trust in the 2nd quarter worth approximately $30,000. First Horizon Corp bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC raised its holdings in shares of Kite Realty Group Trust by 118.4% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares in the last quarter. Finally, Smallwood Wealth Investment Management LLC lifted its stake in Kite Realty Group Trust by 57.9% during the third quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 641 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 0.6%

Shares of NYSE KRG opened at $24.54 on Friday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.93. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $25.19. The business has a 50-day moving average price of $23.68 and a two-hundred day moving average price of $22.79. The firm has a market capitalization of $5.31 billion, a PE ratio of 38.34, a PEG ratio of 6.23 and a beta of 0.91.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Friday, January 9th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 4.7%. Kite Realty Group Trust’s payout ratio is presently 181.25%.

Analysts Set New Price Targets

Several research analysts have issued reports on KRG shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kite Realty Group Trust in a report on Monday, December 29th. Raymond James Financial cut Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, November 11th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Saturday, November 1st. UBS Group reiterated a “neutral” rating and issued a $25.00 price target (up previously from $24.00) on shares of Kite Realty Group Trust in a research report on Thursday, January 8th. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $24.00 price target (up previously from $23.00) on shares of Kite Realty Group Trust in a research note on Monday, December 15th. Two equities research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $25.43.

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.