Oak Family Advisors LLC Makes New $1.87 Million Investment in Kite Realty Group Trust (NYSE:KRG)

Oak Family Advisors LLC bought a new position in shares of Kite Realty Group Trust (NYSE:KRG) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 73,945 shares of the real estate investment trust’s stock, valued at approximately $1,866,000.

Other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake 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 purchasing an additional 1,105,539 shares during the period. Franklin Resources Inc. lifted its position in shares of Kite Realty Group Trust by 51.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock worth $50,684,000 after buying an additional 673,976 shares during the last quarter. Eagle Asset Management Inc. acquired a new position in Kite Realty Group Trust in the 3rd quarter worth about $7,486,000. Robeco Institutional Asset Management B.V. acquired a new position in Kite Realty Group Trust in the 4th quarter worth about $5,934,000. Finally, Barclays PLC increased its stake in shares of Kite Realty Group Trust by 29.0% in the third quarter. Barclays PLC now owns 946,501 shares of the real estate investment trust’s stock valued at $25,139,000 after buying an additional 212,983 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $23.15 on Monday. 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 has a 50-day moving average price of $25.05 and a two-hundred day moving average price of $25.52. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24.

Wall Street Analysts Forecast Growth

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

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.