D. E. Shaw & Co. Inc. Sells 69,219 Shares of Kite Realty Group Trust (NYSE:KRG)

D. E. Shaw & Co. Inc. cut its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 73.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 24,672 shares of the real estate investment trust's stock after selling 69,219 shares during the quarter. D. E. Shaw & Co. Inc.'s holdings in Kite Realty Group Trust were worth $623,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Optiver Holding B.V. increased its stake in Kite Realty Group Trust by 19.9% during the fourth 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 during the last quarter. FIL Ltd grew its stake 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 buying an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $101,000. Headlands Technologies LLC acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $116,000. Finally, KBC Group NV grew its stake in shares of Kite Realty Group Trust by 38.4% in the fourth quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock valued at $207,000 after buying an additional 2,277 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

KRG traded down $0.07 during trading hours on Wednesday, hitting $21.88. The company's stock had a trading volume of 652,429 shares, compared to its average volume of 1,685,556. Kite Realty Group Trust has a fifty-two week low of $18.52 and a fifty-two week 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. The firm has a market capitalization of $4.81 billion, a PE ratio of 1,094.10, a PEG ratio of 3.57 and a beta of 1.10. The company has a 50-day simple moving average of $21.79 and a 200 day simple moving average of $23.47.

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 EPS for the quarter, beating 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%. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders 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 annualized dividend and a dividend yield of 4.94%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.

Analyst Ratings Changes

KRG has been the subject of a number of recent research reports. Wells Fargo & Company lowered their target price on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Piper Sandler restated a "neutral" rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research note 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 note on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $27.63.

Kite Realty Group Trust Company 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.