14,415 Shares in Kite Realty Group Trust (NYSE:KRG) Purchased by 111 Capital

111 Capital bought a new position in Kite Realty Group Trust (NYSE:KRG - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 14,415 shares of the real estate investment trust's stock, valued at approximately $364,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of KRG. Optiver Holding B.V. boosted its holdings in shares of 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 in the last quarter. FIL Ltd grew its stake in Kite Realty Group Trust by 19.8% in the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 579 shares during the last quarter. GF Fund Management CO. LTD. acquired a new stake in Kite Realty Group Trust in the 4th quarter worth $101,000. Spectrum Wealth Counsel LLC acquired a new stake in Kite Realty Group Trust in the 4th quarter worth $101,000. Finally, Headlands Technologies LLC acquired a new stake in Kite Realty Group Trust in the 4th quarter worth $116,000. Institutional investors own 90.81% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Raymond James reduced their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Friday, May 23rd. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Finally, 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. Five 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 company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.63.

Kite Realty Group Trust Stock Performance

Shares of KRG traded up $0.09 during trading hours on Tuesday, hitting $22.17. The company had a trading volume of 241,886 shares, compared to its average volume of 1,680,359. The firm has a market cap of $4.87 billion, a price-to-earnings ratio of 1,108.50, a PEG ratio of 3.57 and a beta of 1.10. The business has a fifty day moving average of $21.75 and a 200-day moving average of $23.30. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month high of $28.24. 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 (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 (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. The firm had revenue of $221.76 million for the quarter, compared to the consensus estimate of $211.07 million. Equities analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

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

About Kite Realty Group Trust

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.