Hantz Financial Services Inc. Purchases 3,296 Shares of Kite Realty Group Trust (NYSE:KRG)

Hantz Financial Services Inc. increased its position in Kite Realty Group Trust (NYSE:KRG) by 11.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 32,702 shares of the real estate investment trust’s stock after purchasing an additional 3,296 shares during the quarter. Hantz Financial Services Inc.’s holdings in Kite Realty Group Trust were worth $825,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of KRG. AQR Capital Management LLC lifted its position in Kite Realty Group Trust by 59.9% during the second quarter. AQR Capital Management LLC now owns 170,487 shares of the real estate investment trust’s stock worth $3,769,000 after acquiring an additional 63,881 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Kite Realty Group Trust by 407.4% in the 2nd quarter. Mackenzie Financial Corp now owns 77,753 shares of the real estate investment trust’s stock valued at $1,740,000 after purchasing an additional 62,430 shares during the period. Creative Planning grew its holdings in Kite Realty Group Trust by 55.7% in the 2nd quarter. Creative Planning now owns 20,150 shares of the real estate investment trust’s stock valued at $451,000 after buying an additional 7,206 shares in the last quarter. Quarry LP increased its position in Kite Realty Group Trust by 108.4% during the 2nd quarter. Quarry LP now owns 2,244 shares of the real estate investment trust’s stock worth $50,000 after buying an additional 1,167 shares during the period. Finally, Sanctuary Advisors LLC acquired a new stake in shares of Kite Realty Group Trust during the second quarter worth $324,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KRG has been the subject of a number of analyst reports. KeyCorp lifted their price target on shares of 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. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their price objective for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird increased 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. JPMorgan Chase & Co. cut their price objective on shares of 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. Finally, Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Five equities research 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’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $29.13.

Kite Realty Group Trust Stock Down 1.6 %

KRG opened at $23.15 on Friday. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. The business’s fifty day simple moving average is $25.05 and its 200 day simple moving average is $25.49. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24. The stock has a market cap of $5.09 billion, a PE ratio of -578.75, a P/E/G ratio of 3.61 and a beta of 1.29.

Kite Realty Group Trust (NYSE:KRG) last issued 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 company had revenue of $207.25 million for the quarter, compared to analysts’ expectations of $210.39 million. During the same quarter in the prior year, the company earned $0.51 earnings per share. As a group, research analysts expect that Kite Realty Group Trust will post 2.07 earnings per share for the current fiscal year.

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.