D. E. Shaw & Co. Inc. Has $623,000 Holdings in Kite Realty Group Trust (NYSE:KRG)

D. E. Shaw & Co. Inc. lessened its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 73.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). 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 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of KRG. Optiver Holding B.V. lifted 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 buying an additional 467 shares during the period. FIL Ltd lifted 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 buying an additional 579 shares during the period. Spectrum Wealth Counsel LLC bought a new position in Kite Realty Group Trust in the 4th quarter valued at $101,000. Headlands Technologies LLC bought a new position in Kite Realty Group Trust in the 4th quarter valued at $116,000. Finally, KBC Group NV raised its position in Kite Realty Group Trust by 38.4% in the 4th quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 2,277 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Trading Up 2.0%

Shares of KRG stock traded up $0.43 on Thursday, reaching $22.27. 245,722 shares of the stock were exchanged, compared to its average volume of 2,044,516. The stock has a market cap of $4.90 billion, a PE ratio of 1,113.35, a P/E/G ratio of 3.57 and a beta of 1.10. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The stock has a 50 day moving average price of $21.78 and a 200 day moving average price of $23.46.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The company had revenue of $221.76 million during 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%. Equities research analysts forecast that Kite Realty Group Trust will post 2.05 EPS 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. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.85%. Kite Realty Group Trust's payout ratio is currently 1,542.86%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on KRG. Raymond James cut 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. Wells Fargo & Company cut their price objective on 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, Piper Sandler reiterated a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average 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.