EntryPoint Capital LLC increased its stake in Kite Realty Group Trust (NYSE:KRG – Free Report) by 109.6% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The company owned 2,744 shares of the real estate investment trust after purchasing an additional 1,435 shares during the period. EntryPoint Capital LLC’s stake in Kite Realty Group Trust was worth $59,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pineridge Advisors LLC purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $39,000. Wolverine Asset Management LLC increased its stake in shares of Kite Realty Group Trust by 280.5% during the fourth quarter. Wolverine Asset Management LLC now owns 1,800 shares of the real estate investment trust worth $41,000 after acquiring an additional 1,327 shares during the period. Fidelis Capital Partners LLC purchased a new stake in Kite Realty Group Trust during the first quarter worth approximately $42,000. SageView Advisory Group LLC purchased a new stake in Kite Realty Group Trust during the first quarter worth approximately $52,000. Finally, Blue Trust Inc. increased its position in Kite Realty Group Trust by 41.7% during the 4th quarter. Blue Trust Inc. now owns 2,523 shares of the real estate investment trust, worth $54,000, after purchasing an additional 742 shares during the period. 90.81% of the shares are currently held by institutional investors and hedge funds.

Kite Realty Group Trust Price Development

Kite Realty Group Trust shares opened at $24.06 on Friday. The stock’s 50-day moving average price is $22.25 and its 200-day moving average price is $21.60. The stock has a market cap of $5.28 billion, a price-to-earnings ratio of 92.54, a PEG ratio of 6.07 and a beta of 1.31. The company has a debt-to-equity ratio of 0.90, a quick ratio of 2.72 and a current ratio of 2.72. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $24.26.

Analysts set new price targets

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 price target in a research note on Thursday, April 18th. Wells Fargo & Company raised their price target on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a report on Tuesday, May 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating. The stock has a consensus rating of “Hold” and an average price target of $26.00 according to MarketBeat.

Check out our latest report on KRG

Company Profile of Kite Realty Group Trust

(Free Report)

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-focused portfolio is located in the high-growth Sun Belt and certain strategic gateway markets.

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