Dimensional Fund Advisors LP lowered its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 0.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 3,262,854 shares of the real estate investment trust's stock after selling 25,856 shares during the quarter. Dimensional Fund Advisors LP owned about 1.49% of Kite Realty Group Trust worth $82,353,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. EMC Capital Management grew its stake in Kite Realty Group Trust by 4.9% during the fourth quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock worth $242,000 after buying an additional 447 shares during the period. Fifth Third Bancorp lifted its stake in shares of Kite Realty Group Trust by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock worth $465,000 after purchasing an additional 466 shares in the last quarter. Arizona State Retirement System lifted its stake in shares of Kite Realty Group Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock worth $1,609,000 after purchasing an additional 516 shares in the last quarter. FIL Ltd boosted its position in shares of Kite Realty Group Trust by 19.8% in the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after buying an additional 579 shares during the period. Finally, State of Alaska Department of Revenue grew its stake in shares of Kite Realty Group Trust by 0.5% in the fourth quarter. State of Alaska Department of Revenue now owns 129,014 shares of the real estate investment trust's stock valued at $3,255,000 after buying an additional 636 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Kite Realty Group Trust Stock Down 0.8 %
Shares of KRG traded down $0.18 during midday trading on Monday, hitting $22.32. The company had a trading volume of 181,253 shares, compared to its average volume of 1,656,408. The stock has a market cap of $4.91 billion, a price-to-earnings ratio of 1,115.25, a PEG ratio of 3.57 and a beta of 1.10. The company's 50 day moving average price is $21.77 and its 200 day moving average price is $23.91. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The firm had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. On average, equities research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.
Kite Realty Group Trust Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.84%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.
Analyst Ratings Changes
A number of equities analysts have weighed in on the company. Piper Sandler restated a "neutral" rating and issued a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company decreased 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 research report on Wednesday, March 26th. Finally, Raymond James lowered their target price on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research note on Monday, March 10th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $27.88.
View Our Latest Research Report on KRG
Kite Realty Group Trust Company Profile
(
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-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.
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