BNP Paribas Financial Markets Purchases 24,201 Shares of Kite Realty Group Trust (NYSE:KRG)

BNP Paribas Financial Markets boosted its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 45.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,983 shares of the real estate investment trust's stock after buying an additional 24,201 shares during the quarter. BNP Paribas Financial Markets' holdings in Kite Realty Group Trust were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Optiver Holding B.V. grew its holdings in shares of Kite Realty Group Trust by 19.9% during the 4th quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock valued at $71,000 after purchasing an additional 467 shares during the last quarter. FIL Ltd increased its holdings in shares of 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 worth $88,000 after buying an additional 579 shares during the period. Spectrum Wealth Counsel LLC bought a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at about $101,000. Headlands Technologies LLC bought a new position in Kite Realty Group Trust during the 4th quarter worth approximately $116,000. Finally, KBC Group NV grew its position in Kite Realty Group Trust by 38.4% during the 4th quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock worth $207,000 after acquiring an additional 2,277 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

KRG has been the subject of a number of analyst reports. Piper Sandler reissued 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 note on Thursday, February 13th. Raymond James decreased 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. Finally, Wells Fargo & Company dropped their target price 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 given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average target price of $27.88.

Kite Realty Group Trust Trading Down 3.0%

KRG stock traded down $0.67 during trading on Wednesday, reaching $21.79. The company had a trading volume of 1,422,833 shares, compared to its average volume of 1,683,293. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24. The business has a 50 day moving average of $21.82 and a 200 day moving average of $23.66. The company has a market cap of $4.79 billion, a P/E ratio of 1,089.40, a PEG ratio of 3.57 and a beta of 1.10.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.02. The firm had revenue of $221.76 million during 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, sell-side analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share 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. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is 1,542.86%.

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.