Cetera Investment Advisers Has $994,000 Position in Kite Realty Group Trust (NYSE:KRG)

Cetera Investment Advisers boosted its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 129.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 44,414 shares of the real estate investment trust's stock after buying an additional 25,040 shares during the quarter. Cetera Investment Advisers' holdings in Kite Realty Group Trust were worth $994,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Smallwood Wealth Investment Management LLC bought a new position in shares of Kite Realty Group Trust during the first quarter valued at approximately $25,000. Opal Wealth Advisors LLC bought a new position in shares of Kite Realty Group Trust during the first quarter valued at approximately $25,000. Optiver Holding B.V. boosted its position in shares of Kite Realty Group Trust by 19.9% during the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after buying an additional 467 shares during the period. FIL Ltd boosted its position in shares of Kite Realty Group Trust by 19.8% during 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. Finally, CX Institutional acquired a new position in shares of Kite Realty Group Trust during the first quarter worth approximately $79,000. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Up 0.3%

Shares of KRG traded up $0.07 during mid-day trading on Friday, reaching $21.51. The company's stock had a trading volume of 1,040,012 shares, compared to its average volume of 1,705,944. The business has a fifty day moving average of $22.38 and a 200 day moving average of $22.21. The company has a market cap of $4.73 billion, a price-to-earnings ratio of 27.23, a price-to-earnings-growth ratio of 6.52 and a beta of 1.16. Kite Realty Group Trust has a 1 year low of $18.51 and a 1 year high of $28.24. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.91.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting 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%. As a group, 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Stockholders of record on Thursday, October 9th will be issued a $0.27 dividend. The ex-dividend date is Thursday, October 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.0%. Kite Realty Group Trust's dividend payout ratio is presently 136.71%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. 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. Piper Sandler reiterated a "neutral" rating and set a $24.00 price objective (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 research report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 price objective for the company. Finally, Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. Seven analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Kite Realty Group Trust has an average rating of "Hold" and a consensus target price of $27.11.

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.