Jane Street Group LLC Decreases Stake in Kite Realty Group Trust (NYSE:KRG)

Jane Street Group LLC trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 96.6% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,993 shares of the real estate investment trust's stock after selling 286,462 shares during the quarter. Jane Street Group LLC's holdings in Kite Realty Group Trust were worth $252,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in KRG. Optiver Holding B.V. lifted its stake in Kite Realty Group Trust by 19.9% in the 4th quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust's stock worth $71,000 after purchasing an additional 467 shares in the last quarter. FIL Ltd increased its holdings in shares of Kite Realty Group Trust by 19.8% in the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the last quarter. Spectrum Wealth Counsel LLC purchased a new position in Kite Realty Group Trust during the fourth quarter worth approximately $101,000. Headlands Technologies LLC acquired a new position in Kite Realty Group Trust during the fourth quarter worth $116,000. Finally, KBC Group NV boosted its stake in Kite Realty Group Trust by 38.4% during the fourth quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock worth $207,000 after buying an additional 2,277 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Trading Up 3.0%

NYSE KRG traded up $0.67 during trading hours on Friday, reaching $22.57. The company had a trading volume of 2,995,238 shares, compared to its average volume of 1,695,145. The stock has a 50-day moving average of $21.73 and a 200 day moving average of $23.25. The stock has a market capitalization of $4.96 billion, a P/E ratio of 1,128.25, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11. Kite Realty Group Trust has a 1-year low of $18.52 and a 1-year high of $28.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The company had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. As a group, research analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.79%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 1,542.86%.

Wall Street Analyst Weigh In

KRG has been the subject of a number of recent research reports. Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Wells Fargo & Company cut their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday, March 26th. Finally, Raymond James reduced their target price on shares of 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. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $27.63.

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.