Vanderbilt University Has $818,000 Stock Position in Kite Realty Group Trust (NYSE:KRG)

Vanderbilt University lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 115.2% in the 4th quarter, Holdings Channel reports. The institutional investor owned 32,411 shares of the real estate investment trust’s stock after purchasing an additional 17,348 shares during the quarter. Vanderbilt University’s holdings in Kite Realty Group Trust were worth $818,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of KRG. Geode Capital Management LLC grew its position in Kite Realty Group Trust by 0.8% during the 3rd quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust’s stock worth $150,865,000 after acquiring an additional 43,015 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kite Realty Group Trust by 5.0% during the third quarter. Charles Schwab Investment Management Inc. now owns 3,651,857 shares of the real estate investment trust’s stock worth $96,993,000 after purchasing an additional 173,290 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock valued at $50,684,000 after buying an additional 673,976 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Kite Realty Group Trust by 432.7% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust’s stock valued at $36,150,000 after buying an additional 1,105,539 shares during the last quarter. Finally, Barclays PLC boosted its position in Kite Realty Group Trust by 29.0% during the 3rd quarter. Barclays PLC now owns 946,501 shares of the real estate investment trust’s stock worth $25,139,000 after buying an additional 212,983 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on KRG shares. JPMorgan Chase & Co. decreased their price target 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. KeyCorp increased their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a report on Tuesday, November 12th. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird increased their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. Finally, Wells Fargo & Company cut their price objective on 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, January 29th. Five equities research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $29.13.

Kite Realty Group Trust Stock Up 1.3 %

Shares of Kite Realty Group Trust stock opened at $23.13 on Thursday. The stock’s 50-day moving average is $24.76 and its 200 day moving average is $25.49. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The firm has a market cap of $5.08 billion, a price-to-earnings ratio of -578.13, a PEG ratio of 3.62 and a beta of 1.27. The company has a debt-to-equity ratio of 0.97, a current ratio of 3.08 and a quick ratio of 3.08.

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.