Jefferies Financial Group Inc. Acquires Shares of 148,900 Kite Realty Group Trust (NYSE:KRG)

Jefferies Financial Group Inc. purchased a new stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 148,900 shares of the real estate investment trust's stock, valued at approximately $3,758,000. Jefferies Financial Group Inc. owned approximately 0.07% of Kite Realty Group Trust at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Mackenzie Financial Corp increased its stake in shares of Kite Realty Group Trust by 2,830.3% in the 4th quarter. Mackenzie Financial Corp now owns 506,122 shares of the real estate investment trust's stock valued at $12,775,000 after purchasing an additional 488,850 shares in the last quarter. DigitalBridge Group Inc. purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth about $6,974,000. GF Fund Management CO. LTD. acquired a new stake in Kite Realty Group Trust in the 4th quarter worth about $101,000. Voloridge Investment Management LLC increased its stake in Kite Realty Group Trust by 260.3% during the 4th quarter. Voloridge Investment Management LLC now owns 246,773 shares of the real estate investment trust's stock worth $6,229,000 after buying an additional 178,291 shares in the last quarter. Finally, Systematic Financial Management LP raised its holdings in shares of Kite Realty Group Trust by 4.0% during the fourth quarter. Systematic Financial Management LP now owns 794,687 shares of the real estate investment trust's stock valued at $20,058,000 after acquiring an additional 30,272 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 0.8%

Shares of NYSE KRG traded down $0.18 during midday trading on Friday, reaching $22.12. 1,621,743 shares of the company's stock were exchanged, compared to its average volume of 1,688,660. The stock has a market capitalization of $4.86 billion, a PE ratio of 1,106.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.10. Kite Realty Group Trust has a 52-week low of $18.52 and a 52-week high of $28.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The business's fifty day moving average price is $21.77 and its two-hundred day moving average price is $23.42.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued 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. The business had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders 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 dividend yield of 4.88%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 1,542.86%.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. Wells Fargo & Company lowered 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 research note on Wednesday, March 26th. Piper Sandler restated a "neutral" rating and set a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Finally, Raymond James lowered their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a research report on Friday, May 23rd. Five analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price 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.