Kite Realty Group Trust (NYSE:KRG) Shares Sold by Jane Street Group LLC

Jane Street Group LLC decreased its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 96.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,993 shares of the real estate investment trust's stock after selling 286,462 shares during the period. Jane Street Group LLC's holdings in Kite Realty Group Trust were worth $252,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Kapitalo Investimentos Ltda acquired a new position in Kite Realty Group Trust during the 4th quarter worth about $225,000. Northern Trust Corp lifted its stake in Kite Realty Group Trust by 17.5% during the 4th quarter. Northern Trust Corp now owns 3,623,860 shares of the real estate investment trust's stock worth $91,466,000 after acquiring an additional 539,322 shares in the last quarter. Optiver Holding B.V. lifted its stake in 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 in the last quarter. Beacon Pointe Advisors LLC increased its holdings in Kite Realty Group Trust by 39.5% during the 4th quarter. Beacon Pointe Advisors LLC now owns 28,712 shares of the real estate investment trust's stock worth $725,000 after purchasing an additional 8,135 shares during the period. Finally, Tudor Investment Corp ET AL increased its holdings in Kite Realty Group Trust by 16.4% during the 4th quarter. Tudor Investment Corp ET AL now owns 732,691 shares of the real estate investment trust's stock worth $18,493,000 after purchasing an additional 103,485 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have weighed in on KRG shares. Wells Fargo & Company cut their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Raymond James cut their price target on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Friday, May 23rd. Piper Sandler restated a "neutral" rating and set a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Finally, Wall Street Zen upgraded Kite Realty Group Trust from a "hold" rating to a "buy" rating in a report on Friday. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $27.63.

Kite Realty Group Trust Stock Up 3.0%

Shares of KRG traded up $0.67 during mid-day trading on Friday, reaching $22.57. The company's stock had a trading volume of 2,995,238 shares, compared to its average volume of 1,698,930. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month high of $28.24. The stock has a market cap of $4.96 billion, a PE ratio of 1,128.25, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The company's 50 day moving average is $21.73 and its 200 day moving average is $23.16.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The firm had revenue of $221.76 million for the quarter, compared to the consensus estimate of $211.07 million. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. Equities analysts anticipate 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 Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. Kite Realty Group Trust's dividend payout ratio is presently 1,542.86%.

About Kite Realty Group Trust

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.