111 Capital Buys New Position in Kite Realty Group Trust (NYSE:KRG)

111 Capital purchased a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 14,415 shares of the real estate investment trust's stock, valued at approximately $364,000.

Other hedge funds have also added to or reduced their stakes in the company. Optiver Holding B.V. boosted its holdings in Kite Realty Group Trust by 19.9% in the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock valued at $71,000 after acquiring an additional 467 shares during the last quarter. FIL Ltd boosted its holdings in 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 valued at $88,000 after acquiring an additional 579 shares during the last quarter. GF Fund Management CO. LTD. bought a new position in Kite Realty Group Trust in the fourth quarter valued at about $101,000. Spectrum Wealth Counsel LLC acquired a new position in Kite Realty Group Trust in the fourth quarter valued at about $101,000. Finally, Headlands Technologies LLC acquired a new position in Kite Realty Group Trust in the fourth quarter valued at about $116,000. Institutional investors own 90.81% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Raymond James cut their target price on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 23rd. Piper Sandler reissued a "neutral" rating and issued a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Finally, Wells Fargo & Company cut their target price on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Five 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, the company has an average rating of "Moderate Buy" and an average price target of $27.63.

Kite Realty Group Trust Stock Up 0.4%

Shares of NYSE KRG traded up $0.09 during mid-day trading on Tuesday, reaching $22.17. 1,090,064 shares of the company's stock were exchanged, compared to its average volume of 1,686,248. The firm has a market capitalization of $4.87 billion, a price-to-earnings ratio of 1,108.30, a PEG ratio of 3.57 and a beta of 1.10. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. The business has a fifty day simple moving average of $21.75 and a 200 day simple moving average of $23.29. 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 released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The company had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. As a group, equities analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio is currently 1,542.86%.

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.