Pacer Advisors Inc. Boosts Position in Kite Realty Group Trust (NYSE:KRG)

Pacer Advisors Inc. increased its holdings in Kite Realty Group Trust (NYSE:KRG) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The fund owned 43,695 shares of the real estate investment trust’s stock after acquiring an additional 1,461 shares during the period. Pacer Advisors Inc.’s holdings in Kite Realty Group Trust were worth $1,103,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Kite Realty Group Trust by 819.0% during the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 950 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust during the 3rd quarter valued at approximately $39,000. Strategic Investment Solutions Inc. IL purchased a new position in shares of Kite Realty Group Trust during the 3rd quarter worth approximately $45,000. Versant Capital Management Inc lifted its stake in shares of Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after purchasing an additional 2,080 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Kite Realty Group Trust by 110.4% during the third quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust’s stock valued at $110,000 after purchasing an additional 2,170 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

KRG has been the subject of several recent research reports. JPMorgan Chase & Co. lowered their price objective 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 upped their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. Wells Fargo & Company dropped their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Robert W. Baird raised their price objective on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Finally, Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $29.13.

Kite Realty Group Trust Price Performance

NYSE KRG opened at $23.15 on Monday. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The stock has a 50-day moving average of $25.05 and a 200 day moving average of $25.52. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market capitalization of $5.09 billion, a price-to-earnings ratio of -578.75, a PEG ratio of 3.61 and a beta of 1.29.

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.