Retirement Guys Formula LLC Invests $300,000 in Kite Realty Group Trust (NYSE:KRG)

Retirement Guys Formula LLC bought a new position in Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 11,903 shares of the real estate investment trust’s stock, valued at approximately $300,000.

Other hedge funds also recently made changes to their positions in the company. Wealthstar Advisors LLC acquired a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $372,000. Entropy Technologies LP acquired a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $1,006,000. State of Alaska Department of Revenue boosted its position in Kite Realty Group Trust by 0.5% during the 4th quarter. State of Alaska Department of Revenue now owns 129,014 shares of the real estate investment trust’s stock valued at $3,255,000 after purchasing an additional 636 shares during the period. Vanderbilt University boosted its position in Kite Realty Group Trust by 115.2% during the 4th quarter. Vanderbilt University now owns 32,411 shares of the real estate investment trust’s stock valued at $818,000 after purchasing an additional 17,348 shares during the period. Finally, Choreo LLC acquired a new position in Kite Realty Group Trust during the 4th quarter valued at approximately $228,000. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 2.0 %

Shares of KRG stock opened at $23.66 on Wednesday. The company has a current ratio of 3.08, a quick ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The stock has a fifty day moving average of $24.51 and a two-hundred day moving average of $25.49.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a negative return on equity of 0.28% and a negative net margin of 1.18%. Equities analysts forecast that Kite Realty Group Trust will post 2.06 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on KRG. Robert W. Baird boosted their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. KeyCorp boosted their price objective 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. Wells Fargo & Company reduced their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research report on Wednesday, January 29th. Finally, JPMorgan Chase & Co. reduced their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, January 15th. Five analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kite Realty Group Trust presently has an average rating of “Moderate Buy” and an average target price of $29.13.

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.