Chicago Equity Partners LLC Increases Position in Kite Realty Group Trust (KRG)

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Chicago Equity Partners LLC increased its holdings in Kite Realty Group Trust (NYSE:KRG) by 1.7% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 203,345 shares of the real estate investment trust’s stock after purchasing an additional 3,340 shares during the period. Chicago Equity Partners LLC owned approximately 0.24% of Kite Realty Group Trust worth $2,865,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Quantamental Technologies LLC bought a new position in Kite Realty Group Trust during the fourth quarter valued at $84,000. Cornerstone Wealth Management LLC bought a new position in Kite Realty Group Trust during the third quarter valued at $334,000. Meeder Asset Management Inc. increased its position in Kite Realty Group Trust by 244.7% during the third quarter. Meeder Asset Management Inc. now owns 8,122 shares of the real estate investment trust’s stock valued at $135,000 after acquiring an additional 5,766 shares during the last quarter. Rehmann Capital Advisory Group increased its position in Kite Realty Group Trust by 1,521.8% during the third quarter. Rehmann Capital Advisory Group now owns 9,990 shares of the real estate investment trust’s stock valued at $600,000 after acquiring an additional 9,374 shares during the last quarter. Finally, Koshinski Asset Management Inc. bought a new position in Kite Realty Group Trust during the third quarter valued at $171,000. Institutional investors own 92.75% of the company’s stock.

In other news, CEO John A. Kite sold 12,000 shares of the business’s stock in a transaction on Thursday, December 13th. The shares were sold at an average price of $16.21, for a total transaction of $194,520.00. Following the completion of the sale, the chief executive officer now directly owns 47,088 shares of the company’s stock, valued at $763,296.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.93% of the stock is currently owned by insiders.

KRG has been the topic of a number of analyst reports. Zacks Investment Research upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, December 11th. ValuEngine upgraded shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research report on Monday, February 4th. Citigroup lowered their target price on shares of Kite Realty Group Trust from $17.00 to $16.50 and set a “neutral” rating for the company in a research note on Thursday, November 29th. Finally, Barclays lowered shares of Kite Realty Group Trust from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $15.00 to $16.00 in a research note on Monday, February 4th. One research analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $16.13.

Shares of KRG opened at $16.91 on Thursday. The firm has a market cap of $1.43 billion, a PE ratio of 8.29, a P/E/G ratio of 2.34 and a beta of 0.86. Kite Realty Group Trust has a 12-month low of $13.66 and a 12-month high of $17.75. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 1.07.

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About Kite Realty Group Trust

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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

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