148,900 Shares in Kite Realty Group Trust (NYSE:KRG) Bought by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. bought a new stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 148,900 shares of the real estate investment trust's stock, valued at approximately $3,758,000. Jefferies Financial Group Inc. owned approximately 0.07% of Kite Realty Group Trust at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of KRG. Optiver Holding B.V. boosted its stake in Kite Realty Group Trust by 19.9% during the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after acquiring an additional 467 shares in the last quarter. FIL Ltd raised its holdings in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the period. Spectrum Wealth Counsel LLC bought a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $101,000. Headlands Technologies LLC acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at about $116,000. Finally, KBC Group NV grew its stake in shares of Kite Realty Group Trust by 38.4% in the 4th quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 2,277 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Kite Realty Group Trust Stock Up 3.9%

KRG stock opened at $23.30 on Tuesday. The stock has a fifty day moving average of $21.75 and a 200-day moving average of $23.76. Kite Realty Group Trust has a fifty-two week low of $18.52 and a fifty-two week high of $28.24. The company has a market capitalization of $5.12 billion, a price-to-earnings ratio of 1,165.20, a PEG ratio of 3.57 and a beta of 1.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $221.76 million during the quarter, compared to the consensus estimate of $211.07 million. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, equities research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.63%. Kite Realty Group Trust's payout ratio is 1,542.86%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Raymond James lowered their target price on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. lowered their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a report on Wednesday, January 15th. Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday, March 26th. Finally, Piper Sandler restated a "neutral" rating and issued a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average target price of $27.88.

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.

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