Deutsche Bank AG lessened its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 66.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 351,994 shares of the real estate investment trust's stock after selling 696,447 shares during the quarter. Deutsche Bank AG owned 0.16% of Kite Realty Group Trust worth $7,874,000 as of its most recent SEC filing.
A number of other institutional investors have also made changes to their positions in the business. Centersquare Investment Management LLC boosted its stake in shares of Kite Realty Group Trust by 133.6% during the 1st quarter. Centersquare Investment Management LLC now owns 5,960,072 shares of the real estate investment trust's stock worth $133,327,000 after buying an additional 3,408,442 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in shares of Kite Realty Group Trust by 332.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,509,886 shares of the real estate investment trust's stock valued at $33,776,000 after buying an additional 1,160,694 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at approximately $19,632,000. Millennium Management LLC boosted its holdings in shares of Kite Realty Group Trust by 17.1% in the 4th quarter. Millennium Management LLC now owns 3,885,650 shares of the real estate investment trust's stock valued at $98,074,000 after buying an additional 567,284 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Kite Realty Group Trust by 17.5% in the 4th quarter. Northern Trust Corp now owns 3,623,860 shares of the real estate investment trust's stock valued at $91,466,000 after buying an additional 539,322 shares during the last quarter. Institutional investors own 90.81% of the company's stock.
Kite Realty Group Trust Trading Up 3.1%
Shares of NYSE:KRG traded up $0.6550 during midday trading on Tuesday, hitting $22.0650. 755,154 shares of the stock were exchanged, compared to its average volume of 1,884,888. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 27.93, a P/E/G ratio of 6.52 and a beta of 1.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.70 and a current ratio of 1.70. The business's 50-day moving average price is $22.35 and its 200 day moving average price is $22.19. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $28.24.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $211.18 million for the quarter, compared to analysts' expectations 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. Analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.
Kite Realty Group Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date of this dividend is Thursday, October 9th. Kite Realty Group Trust's payout ratio is currently 136.71%.
Analyst Ratings Changes
KRG has been the subject of several recent analyst reports. UBS Group initiated coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price objective for the company. Piper Sandler reissued a "neutral" rating and issued a $24.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. Wall Street Zen cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Raymond James Financial dropped their target price on 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. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of "Hold" and an average price target of $27.11.
Read Our Latest Research Report on KRG
About Kite Realty Group Trust
(
Free Report)
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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