Federated Hermes Inc. Has $5.65 Million Position in Kite Realty Group Trust (NYSE:KRG)

Federated Hermes Inc. trimmed its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 223,743 shares of the real estate investment trust's stock after selling 15,545 shares during the quarter. Federated Hermes Inc. owned approximately 0.10% of Kite Realty Group Trust worth $5,647,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Norges Bank purchased a new stake in Kite Realty Group Trust during the 4th quarter valued at $91,335,000. Centersquare Investment Management LLC bought a new position in shares of Kite Realty Group Trust in the fourth quarter worth about $64,403,000. JPMorgan Chase & Co. grew its stake in Kite Realty Group Trust by 23.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock valued at $308,317,000 after acquiring an additional 2,308,613 shares in the last quarter. Aew Capital Management L P bought a new position in Kite Realty Group Trust during the fourth quarter valued at approximately $31,663,000. Finally, Raymond James Financial Inc. bought a new stake in Kite Realty Group Trust in the fourth quarter worth $19,632,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on KRG shares. JPMorgan Chase & Co. cut their price objective on 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. Wells Fargo & Company cut their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and cut their target price for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Raymond James lowered their price objective on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research note on Monday, March 10th. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

Kite Realty Group Trust Stock Up 2.0 %

Shares of NYSE KRG traded up $0.41 during mid-day trading on Thursday, reaching $21.45. The company had a trading volume of 432,283 shares, compared to its average volume of 1,639,477. The stock has a market capitalization of $4.71 billion, a PE ratio of 1,076.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The stock's 50 day moving average is $21.98 and its 200-day moving average is $24.29. Kite Realty Group Trust has a twelve month low of $18.52 and a twelve month high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping 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%. As a group, equities analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.03%. The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 5,400.00%.

Kite Realty Group Trust 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.