New York State Teachers Retirement System raised its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 5.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 386,812 shares of the real estate investment trust's stock after purchasing an additional 21,131 shares during the period. New York State Teachers Retirement System owned approximately 0.18% of Kite Realty Group Trust worth $8,653,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Opal Wealth Advisors LLC acquired a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $25,000. Optiver Holding B.V. boosted its position in shares of 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. FIL Ltd boosted its position in shares of Kite Realty Group Trust by 19.8% during the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 579 shares in the last quarter. CX Institutional acquired a new stake in shares of Kite Realty Group Trust during the 1st quarter worth approximately $79,000. Finally, GF Fund Management CO. LTD. acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $101,000. Institutional investors own 90.81% of the company's stock.
Kite Realty Group Trust Price Performance
NYSE:KRG traded up $0.22 on Friday, hitting $23.07. The company had a trading volume of 1,209,939 shares, compared to its average volume of 1,712,158. The stock has a market capitalization of $5.07 billion, a price-to-earnings ratio of 329.57, a PEG ratio of 5.88 and a beta of 1.09. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.89. The firm has a 50 day moving average of $22.41 and a two-hundred day moving average of $22.61. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.51 by $0.02. The business had revenue of $221.76 million during the quarter, compared to the consensus estimate of $211.07 million. Kite Realty Group Trust had a net margin of 1.59% and a return on equity of 0.41%. On average, research analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.
Kite Realty Group Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.68%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 1,542.86%.
Analysts Set New Price Targets
A number of equities analysts have recently commented 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 for the company in a report on Wednesday, March 26th. UBS Group assumed coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They set a "neutral" rating and a $24.00 price target for the company. Wall Street Zen cut Kite Realty Group Trust from a "buy" rating to a "hold" rating in a report on Friday, June 27th. Finally, Raymond James Financial lowered their price target on 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. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $27.22.
Check Out Our Latest Report on Kite Realty Group Trust
Kite Realty Group Trust Company Profile
(
Free Report)
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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