Kite Realty Group Trust $KRG Shares Sold by Epoch Investment Partners Inc.

Key Points

• Epoch Investment Partners Inc. significantly reduced its stake in Kite Realty Group Trust by 77.9%, selling 91,707 shares during the first quarter, leaving them with only 26,013 shares valued at $582,000.
• Kite Realty Group Trust announced a quarterly dividend of $0.27 per share, reflecting a dividend yield of 4.8%, with a payout ratio of 136.71%.
• The company's most recent earnings report showed an EPS of $0.51, in line with analysts' expectations, while setting a fiscal year 2025 EPS guidance between 2.060 and 2.100.

Epoch Investment Partners Inc. reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 77.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 26,013 shares of the real estate investment trust's stock after selling 91,707 shares during the quarter. Epoch Investment Partners Inc.'s holdings in Kite Realty Group Trust were worth $582,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of KRG. Tower Research Capital LLC TRC grew its stake in shares of Kite Realty Group Trust by 161.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,213 shares of the real estate investment trust's stock valued at $434,000 after buying an additional 10,638 shares during the last quarter. Susquehanna International Group LLP grew its stake in shares of Kite Realty Group Trust by 112.1% during the fourth quarter. Susquehanna International Group LLP now owns 97,939 shares of the real estate investment trust's stock valued at $2,472,000 after buying an additional 51,759 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Kite Realty Group Trust by 11.1% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 163,594 shares of the real estate investment trust's stock valued at $4,130,000 after buying an additional 16,279 shares during the last quarter. Beacon Pointe Advisors LLC grew its stake in shares of Kite Realty Group Trust by 39.5% during the fourth quarter. Beacon Pointe Advisors LLC now owns 28,712 shares of the real estate investment trust's stock valued at $725,000 after buying an additional 8,135 shares during the last quarter. Finally, Optiver Holding B.V. grew its stake 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 valued at $71,000 after buying an additional 467 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on KRG shares. UBS Group started coverage on Kite Realty Group Trust in a research note on Tuesday, July 1st. They set a "neutral" rating and a $24.00 target price on the stock. Wall Street Zen cut Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research note on Friday, June 27th. Raymond James Financial cut their target price on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Friday, May 23rd. Wells Fargo & Company lowered 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 report on Wednesday, August 27th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $24.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. One 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 has an average rating of "Hold" and an average price target of $27.00.

Kite Realty Group Trust Stock Performance

Shares of NYSE KRG traded up $0.22 during mid-day trading on Monday, hitting $22.81. The stock had a trading volume of 1,980,958 shares, compared to its average volume of 1,653,730. 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 company has a 50 day moving average of $22.34 and a two-hundred day moving average of $22.14. Kite Realty Group Trust has a twelve month low of $18.51 and a twelve month high of $28.24. The firm has a market cap of $5.01 billion, a PE ratio of 28.87, a PEG ratio of 6.32 and a beta of 1.13.

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 the consensus estimate of $0.51. The firm had revenue of $211.18 million for the quarter, compared to the consensus estimate 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. Research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 9th will be given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.7%. The ex-dividend date of this dividend is Thursday, October 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 136.71%.

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.