GSA Capital Partners LLP Purchases 12,235 Shares of Kite Realty Group Trust (KRG)

GSA Capital Partners LLP boosted its stake in Kite Realty Group Trust (NYSE:KRG) by 166.7% during the fourth quarter, Holdings Channel reports. The firm owned 19,574 shares of the company’s stock after buying an additional 12,235 shares during the period. GSA Capital Partners LLP’s holdings in Kite Realty Group Trust were worth $460,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Elkfork Partners LLC purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at $112,000. MSI Financial Services Inc raised its stake in shares of Kite Realty Group Trust by 0.6% in the third quarter. MSI Financial Services Inc now owns 5,750 shares of the company’s stock valued at $159,000 after buying an additional 36 shares during the period. Sei Investments Co. raised its stake in shares of Kite Realty Group Trust by 24.6% in the third quarter. Sei Investments Co. now owns 7,261 shares of the company’s stock valued at $201,000 after buying an additional 1,433 shares during the period. Sii Investments Inc. WI purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at $214,000. Finally, Baker Ellis Asset Management LLC raised its stake in shares of Kite Realty Group Trust by 21.4% in the third quarter. Baker Ellis Asset Management LLC now owns 9,650 shares of the company’s stock valued at $267,000 after buying an additional 1,700 shares during the period. 93.36% of the stock is owned by institutional investors.

Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

Kite Realty Group Trust (NYSE:KRG) opened at 21.29 on Tuesday. The company has a market cap of $1.78 billion, a P/E ratio of 2129.00 and a beta of 0.67. Kite Realty Group Trust has a 52 week low of $19.91 and a 52 week high of $30.45. The firm has a 50-day moving average price of $22.67 and a 200 day moving average price of $24.69.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Thursday, February 2nd. The company reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.00. Kite Realty Group Trust had a return on equity of 0.10% and a net margin of 0.45%. During the same quarter in the prior year, the company earned $0.50 EPS. Analysts expect that Kite Realty Group Trust will post ($0.05) EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, April 13th. Investors of record on Thursday, April 6th will be given a dividend of $0.3025 per share. This represents a $1.21 dividend on an annualized basis and a yield of 5.68%. The ex-dividend date is Tuesday, April 4th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 6,053.03%.

Your IP Address:

Several equities research analysts recently weighed in on KRG shares. Stifel Nicolaus decreased their price objective on Kite Realty Group Trust from $27.00 to $26.00 and set a “hold” rating for the company in a report on Monday, February 6th. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, March 15th. Citigroup Inc lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $27.00 price objective for the company. in a report on Tuesday, December 13th. Robert W. Baird upgraded Kite Realty Group Trust from a “neutral” rating to an “outperform” rating and cut their target price for the stock from $27.00 to $24.00 in a research note on Monday, March 13th. Finally, Barclays PLC cut their target price on Kite Realty Group Trust from $31.00 to $25.00 and set an “overweight” rating for the company in a research note on Monday, January 23rd. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. Kite Realty Group Trust has a consensus rating of “Buy” and a consensus target price of $29.00.

About Kite Realty Group Trust

Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary Kite Realty Group, L.P., holds interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in certain markets in the United States.

5 Day Chart for NYSE:KRG

Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust (NYSE:KRG).

This story was originally published by WKRB News (https://www.wkrb13.com) and is the sole property of WKRB News. If you are reading this article on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. You can view the original version of this story at https://www.wkrb13.com/markets/2024768/gsa-capital-partners-llp-purchases-12235-shares-of-kite-realty-group-trust-krg.html

Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.com's FREE daily email newsletter.

 


Leave a Reply

 
© 2006-2017 WKRB News.