Anson Funds Management LP Takes Position in Kite Realty Group Trust $KRG

Key Points

• Anson Funds Management LP has acquired 110,000 shares of Kite Realty Group Trust, worth approximately $2.46 million, representing a 0.05% ownership stake.
• Kite Realty Group Trust recently reported $0.51 earnings per share for the quarter, meeting analysts' expectations, while revenues were slightly below estimates at $211.18 million.
• The company announced a quarterly dividend of $0.27 per share, with a yield of 4.7%, set to be paid on October 16th.

Anson Funds Management LP acquired a new position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 110,000 shares of the real estate investment trust's stock, valued at approximately $2,461,000. Anson Funds Management LP owned approximately 0.05% of Kite Realty Group Trust at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. MetLife Investment Management LLC lifted its holdings in Kite Realty Group Trust by 169.6% during the 1st quarter. MetLife Investment Management LLC now owns 693,190 shares of the real estate investment trust's stock worth $15,507,000 after buying an additional 436,087 shares during the last quarter. Oliver Luxxe Assets LLC lifted its stake in Kite Realty Group Trust by 5.3% during the first quarter. Oliver Luxxe Assets LLC now owns 92,744 shares of the real estate investment trust's stock worth $2,075,000 after purchasing an additional 4,644 shares during the last quarter. AlphaQuest LLC lifted its stake in Kite Realty Group Trust by 45.0% during the first quarter. AlphaQuest LLC now owns 134,902 shares of the real estate investment trust's stock worth $3,018,000 after purchasing an additional 41,847 shares during the last quarter. Fuller & Thaler Asset Management Inc. boosted its holdings in Kite Realty Group Trust by 8.5% in the first quarter. Fuller & Thaler Asset Management Inc. now owns 5,838,842 shares of the real estate investment trust's stock worth $130,615,000 after purchasing an additional 459,752 shares during the period. Finally, Algert Global LLC increased its stake in Kite Realty Group Trust by 88.5% during the first quarter. Algert Global LLC now owns 541,567 shares of the real estate investment trust's stock valued at $12,115,000 after purchasing an additional 254,258 shares during the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on KRG shares. Piper Sandler restated a "neutral" rating and issued a $24.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, August 4th. UBS Group assumed coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 target price for the company. Wall Street Zen cut Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Finally, Raymond James Financial reduced their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Friday, May 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and six have issued a Hold rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and an average price target of $27.11.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $22.7640 on Friday. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $28.24. The company has a debt-to-equity ratio of 0.91, a current ratio of 1.70 and a quick ratio of 1.70. The firm has a market capitalization of $5.00 billion, a price-to-earnings ratio of 28.82, a price-to-earnings-growth ratio of 6.30 and a beta of 1.16. The business has a 50 day simple moving average of $22.33 and a 200 day simple moving average of $22.17.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. The company had revenue of $211.18 million during the quarter, compared to analyst estimates of $211.74 million. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be given a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. The ex-dividend date is Thursday, October 9th. Kite Realty Group Trust's dividend payout ratio is currently 136.71%.

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.

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