Fuller & Thaler Asset Management Inc. Buys 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. increased its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 8.5% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 5,838,842 shares of the real estate investment trust's stock after buying 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 hedge funds have also bought and sold shares of KRG. Optiver Holding B.V. increased its stake in Kite Realty Group Trust by 19.9% in 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 purchasing an additional 467 shares in the last quarter. Louisiana State Employees Retirement System increased its stake in Kite Realty Group Trust by 0.8% in the first quarter. Louisiana State Employees Retirement System now owns 61,500 shares of the real estate investment trust's stock valued at $1,376,000 after purchasing an additional 500 shares in the last quarter. Nissay Asset Management Corp Japan ADV increased its stake in Kite Realty Group Trust by 1.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock valued at $806,000 after purchasing an additional 556 shares in the last quarter. IHT Wealth Management LLC increased its stake in Kite Realty Group Trust by 3.3% in the fourth quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust's stock valued at $467,000 after purchasing an additional 582 shares in the last quarter. Finally, State of Michigan Retirement System increased its stake in Kite Realty Group Trust by 1.2% in the first quarter. State of Michigan Retirement System now owns 52,595 shares of the real estate investment trust's stock valued at $1,177,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on KRG shares. UBS Group started coverage on shares of Kite Realty Group Trust in a report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 price objective for the company. Raymond James Financial reduced their price objective on shares of 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. 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 report on Monday, August 4th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and six have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of "Hold" and a consensus target price of $27.11.

Kite Realty Group Trust Stock Down 0.6%

Kite Realty Group Trust stock traded down $0.1350 during midday trading on Wednesday, hitting $22.0250. 2,516,109 shares of the stock were exchanged, compared to its average volume of 1,713,310. Kite Realty Group Trust has a 52-week low of $18.51 and a 52-week high of $28.24. The stock has a market capitalization of $4.84 billion, a price-to-earnings ratio of 27.88, a price-to-earnings-growth ratio of 6.13 and a beta of 1.16. The business's 50-day moving average price is $22.33 and its 200-day moving average price is $22.19. 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 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. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The business had revenue of $211.18 million for the quarter, compared to analysts' expectations of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, research analysts expect 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 declared a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.08 annualized dividend and a yield of 4.9%. Kite Realty Group Trust's payout ratio is 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.