Eisler Capital Management Ltd. Invests $5.56 Million in Kite Realty Group Trust $KRG

Key Points

• Eisler Capital Management Ltd. has acquired a new stake in Kite Realty Group Trust, purchasing 248,695 shares valued at approximately $5.56 million, increasing its holdings to about 0.11% of the company.
• The quarterly dividend declared by Kite Realty Group Trust amounts to $0.27 per share, with a dividend yield of 4.8%, set to be paid on October 16th.
• Wall Street analysts give Kite Realty Group Trust an average rating of "Hold", with a consensus price target of $27.11, amidst various ratings adjustments from notable firms.

Eisler Capital Management Ltd. bought a new position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 248,695 shares of the real estate investment trust's stock, valued at approximately $5,563,000. Eisler Capital Management Ltd. owned 0.11% of Kite Realty Group Trust at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Optiver Holding B.V. boosted its stake 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 worth $71,000 after acquiring an additional 467 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Kite Realty Group Trust by 0.8% during the 1st quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the real estate investment trust's stock worth $1,376,000 after acquiring an additional 500 shares during the period. Nissay Asset Management Corp Japan ADV boosted its stake in shares of Kite Realty Group Trust by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after acquiring an additional 556 shares during the period. State of Michigan Retirement System boosted its stake in shares of Kite Realty Group Trust by 1.2% during the 1st quarter. State of Michigan Retirement System now owns 52,595 shares of the real estate investment trust's stock worth $1,177,000 after acquiring an additional 600 shares during the period. Finally, Captrust Financial Advisors boosted its stake in shares of Kite Realty Group Trust by 3.5% during the 4th quarter. Captrust Financial Advisors now owns 18,214 shares of the real estate investment trust's stock worth $460,000 after acquiring an additional 613 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

NYSE KRG traded up $0.22 during midday trading on Friday, hitting $22.81. The company had a trading volume of 1,980,958 shares, compared to its average volume of 1,657,921. The company has a market capitalization of $5.01 billion, a PE ratio of 28.87, a P/E/G ratio of 6.32 and a beta of 1.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.91. The firm has a 50-day moving average price of $22.34 and a 200-day moving average price of $22.15. Kite Realty Group Trust has a twelve month low of $18.51 and a twelve month high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $211.18 million during 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. As a group, analysts anticipate 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 Thursday, October 16th. Shareholders of record on Thursday, October 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.08 annualized dividend and a yield of 4.7%. Kite Realty Group Trust's payout ratio is currently 136.71%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Wall Street Zen downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. 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 note on Monday, August 4th. UBS Group assumed coverage on Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price target for the company. Raymond James Financial reduced their price target on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research note on Friday, May 23rd. Finally, Wells Fargo & Company reduced their price target on Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating for the company in a research note on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $27.00.

Kite Realty Group Trust 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.