Mirae Asset Global Investments Co. Ltd. Has $2.38 Million Position in Kite Realty Group Trust (NYSE:KRG)

Mirae Asset Global Investments Co. Ltd. lessened its position in Kite Realty Group Trust (NYSE:KRG) by 1.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 103,932 shares of the real estate investment trust’s stock after selling 1,007 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Kite Realty Group Trust were worth $2,376,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of KRG. Raymond James & Associates increased its holdings in Kite Realty Group Trust by 32.3% in the 1st quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock worth $2,657,000 after purchasing an additional 28,495 shares in the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of Kite Realty Group Trust by 14.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust’s stock valued at $1,542,000 after buying an additional 8,554 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Kite Realty Group Trust by 18.9% in the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 1,067 shares during the last quarter. Natixis Advisors L.P. bought a new stake in shares of Kite Realty Group Trust in the 1st quarter valued at about $448,000. Finally, Bank of Montreal Can grew its position in shares of Kite Realty Group Trust by 16.8% in the 1st quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock valued at $601,000 after buying an additional 3,760 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on KRG shares. Jefferies Financial Group upgraded Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target on the stock in a research report on Thursday. StockNews.com raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $25.50.

Kite Realty Group Trust Stock Performance

Shares of KRG opened at $20.56 on Friday. The company has a current ratio of 0.76, a quick ratio of 0.76 and a debt-to-equity ratio of 0.79. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 93.46, a PEG ratio of 2.86 and a beta of 1.29. The stock has a 50 day moving average of $21.03 and a 200 day moving average of $21.36. Kite Realty Group Trust has a 12 month low of $19.16 and a 12 month high of $24.26.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Shareholders of record on Friday, April 5th were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.86%. The ex-dividend date was Thursday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 454.57%.

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.