Bayesian Capital Management LP Purchases 6,700 Shares of Kite Realty Group Trust (NYSE:KRG)

Bayesian Capital Management LP increased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 22.5% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 36,422 shares of the real estate investment trust’s stock after buying an additional 6,700 shares during the period. Bayesian Capital Management LP’s holdings in Kite Realty Group Trust were worth $790,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Duality Advisers LP bought a new stake in shares of Kite Realty Group Trust during the 4th quarter worth $973,000. LSV Asset Management increased its holdings in shares of Kite Realty Group Trust by 33.4% during the 4th quarter. LSV Asset Management now owns 917,000 shares of the real estate investment trust’s stock worth $20,963,000 after purchasing an additional 229,788 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kite Realty Group Trust by 2.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,344,191 shares of the real estate investment trust’s stock valued at $76,448,000 after buying an additional 90,897 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of Kite Realty Group Trust in the first quarter valued at about $594,000. Finally, Vanguard Group Inc. lifted its stake in shares of Kite Realty Group Trust by 2.7% in the first quarter. Vanguard Group Inc. now owns 33,597,373 shares of the real estate investment trust’s stock valued at $728,391,000 after buying an additional 881,502 shares during the period. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Price Performance

Shares of Kite Realty Group Trust stock traded up $1.34 during midday trading on Tuesday, reaching $25.51. The company had a trading volume of 2,070,756 shares, compared to its average volume of 1,660,193. The stock has a fifty day simple moving average of $22.31 and a 200 day simple moving average of $21.61. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.90. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $25.56. The company has a market capitalization of $5.60 billion, a price-to-earnings ratio of 93.50, a price-to-earnings-growth ratio of 6.07 and a beta of 1.31.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Wells Fargo & Company increased their target price on shares of Kite Realty Group Trust from $22.00 to $23.00 and gave the company an “underweight” rating in a research note on Tuesday, May 28th. Jefferies Financial Group upgraded shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price for the company in a research note on Thursday, April 18th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $26.00.

Kite Realty Group Trust Company 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.