Fort Washington Investment Advisors Inc. OH Increases Position in Kite Realty Group Trust (NYSE:KRG)

Fort Washington Investment Advisors Inc. OH boosted its position in Kite Realty Group Trust (NYSE:KRG) by 20.4% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 805,121 shares of the real estate investment trust’s stock after acquiring an additional 136,670 shares during the period. Fort Washington Investment Advisors Inc. OH owned about 0.37% of Kite Realty Group Trust worth $20,321,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. UMB Bank n.a. boosted its stake in Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 950 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kite Realty Group Trust in the third quarter worth approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Kite Realty Group Trust in the third quarter valued at approximately $45,000. Quarry LP grew its holdings in Kite Realty Group Trust by 108.4% in the second quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock valued at $50,000 after purchasing an additional 1,167 shares during the period. Finally, Versant Capital Management Inc increased its position in Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,080 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $23.05 on Thursday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The stock’s 50 day moving average price is $25.61 and its 200 day moving average price is $25.48. The firm has a market capitalization of $5.06 billion, a PE ratio of -576.13, a price-to-earnings-growth ratio of 3.61 and a beta of 1.29.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Wednesday, October 30th. The real estate investment trust reported $0.08 earnings per share for the quarter, missing the consensus estimate of $0.51 by ($0.43). Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. The firm had revenue of $207.25 million during the quarter, compared to analysts’ expectations of $210.39 million. During the same quarter last year, the company posted $0.51 earnings per share. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.07 EPS for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, January 10th were given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.69%. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Friday, January 10th. Kite Realty Group Trust’s payout ratio is presently -2,700.00%.

Analyst Ratings Changes

Several brokerages have recently issued reports on KRG. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered 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. KeyCorp raised their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Finally, Robert W. Baird boosted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Five analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Kite Realty Group Trust currently has an average rating of “Moderate Buy” and an average price target of $29.13.

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.