Bernzott Capital Advisors Sells 26,200 Shares of Kite Realty Group Trust (NYSE:KRG)

Bernzott Capital Advisors decreased its holdings in Kite Realty Group Trust (NYSE:KRG) by 9.7% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 242,930 shares of the real estate investment trust’s stock after selling 26,200 shares during the period. Kite Realty Group Trust makes up about 3.0% of Bernzott Capital Advisors’ portfolio, making the stock its 19th biggest position. Bernzott Capital Advisors’ holdings in Kite Realty Group Trust were worth $6,132,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Kite Realty Group Trust by 0.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust’s stock valued at $2,554,000 after purchasing an additional 483 shares during the last quarter. State of Alaska Department of Revenue grew its position in Kite Realty Group Trust by 0.4% during the 3rd quarter. State of Alaska Department of Revenue now owns 128,378 shares of the real estate investment trust’s stock worth $3,408,000 after acquiring an additional 484 shares during the last quarter. Marcum Wealth LLC grew its position in Kite Realty Group Trust by 1.4% during the 3rd quarter. Marcum Wealth LLC now owns 40,855 shares of the real estate investment trust’s stock worth $1,085,000 after acquiring an additional 571 shares during the last quarter. GAMMA Investing LLC grew its position in Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock worth $121,000 after acquiring an additional 652 shares during the last quarter. Finally, Legacy Wealth Asset Management LLC grew its position in Kite Realty Group Trust by 2.9% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 23,688 shares of the real estate investment trust’s stock worth $629,000 after acquiring an additional 671 shares during the last quarter. Institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on KRG shares. KeyCorp boosted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 12th. Robert W. Baird boosted their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. reduced their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research report on Wednesday. Finally, Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Five investment 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 company. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Kite Realty Group Trust Stock Up 1.9 %

Shares of KRG opened at $23.23 on Friday. The company has a market capitalization of $5.10 billion, a PE ratio of -580.63, a PEG ratio of 3.17 and a beta of 1.29. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The stock’s 50-day moving average price is $25.85 and its two-hundred day moving average price is $25.41. 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 Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 16th. Stockholders of record on Friday, January 10th were paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.65%. This is an increase 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 currently -2,700.00%.

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.