Fuller & Thaler Asset Management Inc. Purchases 459,752 Shares of Kite Realty Group Trust $KRG

Key Points

• Fuller & Thaler Asset Management Inc. increased its holdings in Kite Realty Group Trust by 8.5% in Q1, bringing its total shares to 5,838,842, valued at approximately $130.62 million.
• Kite Realty Group Trust reported $0.51 EPS for the last quarter, meeting analysts' expectations, with total revenue of $211.18 million, slightly under estimated revenue of $211.74 million.
• The firm announced a quarterly dividend of $0.27 per share, set to be paid on October 16th, resulting in a dividend yield of 5.0% and a payout ratio of 136.71%.

Fuller & Thaler Asset Management Inc. boosted its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 8.5% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,838,842 shares of the real estate investment trust's stock after purchasing an additional 459,752 shares during the period. Fuller & Thaler Asset Management Inc. owned 2.66% of Kite Realty Group Trust worth $130,615,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Centersquare Investment Management LLC boosted its position in Kite Realty Group Trust by 133.6% during the first quarter. Centersquare Investment Management LLC now owns 5,960,072 shares of the real estate investment trust's stock valued at $133,327,000 after purchasing an additional 3,408,442 shares during the last quarter. Millennium Management LLC raised its holdings in Kite Realty Group Trust by 17.1% during the fourth 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 in the last quarter. Bank of America Corp DE raised its holdings in Kite Realty Group Trust by 9.0% during the fourth quarter. Bank of America Corp DE now owns 3,785,395 shares of the real estate investment trust's stock valued at $95,543,000 after buying an additional 311,258 shares in the last quarter. Northern Trust Corp raised its holdings in Kite Realty Group Trust by 17.5% during the fourth 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 in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in Kite Realty Group Trust by 0.5% during the fourth quarter. Nuveen Asset Management LLC now owns 3,240,179 shares of the real estate investment trust's stock valued at $81,782,000 after buying an additional 15,061 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Kite Realty Group Trust Stock Performance

KRG traded up $0.8940 on Friday, hitting $22.7640. 1,708,698 shares of the stock traded hands, compared to its average volume of 1,774,952. Kite Realty Group Trust has a 52 week low of $18.51 and a 52 week high of $28.24. 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 market capitalization of $5.00 billion, a PE ratio of 28.82, a P/E/G ratio of 6.05 and a beta of 1.16. The business has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $22.18.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly 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 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%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company 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 dividend of $0.27 per share. 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 dividend payout ratio is currently 136.71%.

Analysts Set New Price Targets

Several research firms have weighed in on KRG. UBS Group began coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 target price on the stock. Wall Street Zen lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Raymond James Financial dropped their price objective 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. Finally, Piper Sandler reiterated a "neutral" rating and issued a $24.00 price objective (down from $25.00) on shares of Kite Realty Group Trust in a research note on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus 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.