Kite Realty Group Trust $KRG Shares Sold by Aew Capital Management L P

Key Points

• Aew Capital Management L P reduced its stake in Kite Realty Group Trust by 4.8%, holding approximately 1.3% of the company's portfolio after selling 60,100 shares.
• Kite Realty Group Trust reported $0.51 earnings per share for the most recent quarter, aligning with analysts' expectations, while revenue was slightly below consensus estimates.
• The company declared a quarterly dividend of $0.27 per share, with an annualized yield of 4.7%, although its payout ratio stands at a high 136.71%.

Aew Capital Management L P reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 4.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,194,368 shares of the real estate investment trust's stock after selling 60,100 shares during the quarter. Kite Realty Group Trust accounts for approximately 1.3% of Aew Capital Management L P's portfolio, making the stock its 21st largest holding. Aew Capital Management L P owned 0.54% of Kite Realty Group Trust worth $26,718,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRG. Tower Research Capital LLC TRC grew its position in Kite Realty Group Trust by 161.8% during the fourth quarter. Tower Research Capital LLC TRC now owns 17,213 shares of the real estate investment trust's stock worth $434,000 after buying an additional 10,638 shares during the period. IHT Wealth Management LLC grew its position in Kite Realty Group Trust by 3.3% during the fourth quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust's stock worth $467,000 after buying an additional 582 shares during the period. Hsbc Holdings PLC grew its position in Kite Realty Group Trust by 41.4% during the fourth quarter. Hsbc Holdings PLC now owns 409,648 shares of the real estate investment trust's stock worth $10,321,000 after buying an additional 119,841 shares during the period. Susquehanna International Group LLP grew its position in shares of Kite Realty Group Trust by 112.1% in the fourth quarter. Susquehanna International Group LLP now owns 97,939 shares of the real estate investment trust's stock valued at $2,472,000 after purchasing an additional 51,759 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Kite Realty Group Trust by 11.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 163,594 shares of the real estate investment trust's stock valued at $4,130,000 after purchasing an additional 16,279 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Up 4.1%

Shares of NYSE KRG opened at $22.7640 on Friday. Kite Realty Group Trust has a 1 year low of $18.51 and a 1 year high of $28.24. The firm's 50 day moving average price is $22.33 and its 200 day moving average price is $22.18. The firm has a market cap of $5.00 billion, a P/E ratio of 28.82, a price-to-earnings-growth ratio of 6.05 and a beta of 1.16. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.70 and a current ratio of 1.70.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The company had revenue of $211.18 million for the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. As a group, sell-side analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 16th. Shareholders of record on Thursday, October 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.7%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 136.71%.

Analyst Upgrades and Downgrades

Several analysts have recently commented on KRG shares. UBS Group started coverage on shares of Kite Realty Group Trust in a research report on Tuesday, July 1st. They issued a "neutral" rating and a $24.00 price target on the stock. Raymond James Financial lowered their price target 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 report on Friday, May 23rd. Piper Sandler reiterated a "neutral" rating and issued a $24.00 price target (down from $25.00) on shares of Kite Realty Group Trust in a research report on Monday, August 4th. Finally, Wall Street Zen lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating in a research report on Friday, June 27th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $27.11.

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.

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