Kite Realty Group Trust (NYSE:KRG) Shares Purchased by Versant Capital Management Inc

Versant Capital Management Inc boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 551.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 2,457 shares of the real estate investment trust’s stock after purchasing an additional 2,080 shares during the quarter. Versant Capital Management Inc’s holdings in Kite Realty Group Trust were worth $62,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in KRG. UMB Bank n.a. raised its holdings in Kite Realty Group Trust by 819.0% in the third quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 950 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth about $39,000. Strategic Investment Solutions Inc. IL acquired a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at about $45,000. Quarry LP lifted its position in shares of Kite Realty Group Trust by 108.4% during the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 1,167 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in Kite Realty Group Trust by 110.4% in the third quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock worth $110,000 after purchasing an additional 2,170 shares in the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $25.05 on Monday. 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 firm has a market capitalization of $5.50 billion, a PE ratio of -626.25, a P/E/G ratio of 3.81 and a beta of 1.28. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The business’s fifty day moving average price is $26.38 and its two-hundred day moving average price is $25.34.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 16th. Investors of record on Friday, January 10th will be given a $0.27 dividend. The ex-dividend date of this dividend is Friday, January 10th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.26. This represents a $1.08 annualized dividend and a yield of 4.31%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently -2,700.00%.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Jefferies Financial Group cut 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 note on Thursday. KeyCorp upped their price target 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. Finally, Robert W. Baird lifted their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Four investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of “Moderate Buy” and an average price target of $29.43.

Kite Realty Group Trust Company 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.