Kite Realty Group Trust (NYSE:KRG) Shares Sold by F M Investments LLC

F M Investments LLC cut its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 62.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 167,655 shares of the real estate investment trust's stock after selling 284,285 shares during the quarter. F M Investments LLC owned approximately 0.08% of Kite Realty Group Trust worth $4,232,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of KRG. Proficio Capital Partners LLC acquired a new position in Kite Realty Group Trust during the 4th quarter valued at about $1,180,000. Charles Schwab Investment Management Inc. lifted its position in Kite Realty Group Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock worth $94,039,000 after buying an additional 73,926 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $19,632,000. New York State Common Retirement Fund grew its stake in Kite Realty Group Trust by 18.6% in the fourth quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust's stock valued at $2,741,000 after purchasing an additional 17,015 shares in the last quarter. Finally, Aew Capital Management L P acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth approximately $31,663,000. 90.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on KRG. Raymond James dropped their price objective on shares of 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. Wells Fargo & Company lowered 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. JPMorgan Chase & Co. cut their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Jefferies Financial Group cut Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their price target for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, Piper Sandler reiterated a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

Kite Realty Group Trust Price Performance

NYSE:KRG traded up $0.34 during trading hours on Wednesday, hitting $21.13. 358,705 shares of the stock traded hands, compared to its average volume of 1,643,908. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The stock has a 50 day moving average price of $22.03 and a 200 day moving average price of $24.31. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 1,056.50, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Sell-side analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.11%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.

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.