Nomura Holdings Inc. Purchases New Stake in Kite Realty Group Trust (NYSE:KRG)

Nomura Holdings Inc. purchased a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 29,093 shares of the real estate investment trust's stock, valued at approximately $734,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. 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 valued at $71,000 after acquiring an additional 467 shares during the period. FIL Ltd raised its holdings in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the period. Spectrum Wealth Counsel LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter valued at about $101,000. Headlands Technologies LLC bought a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $116,000. Finally, KBC Group NV grew its stake in shares of 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 buying an additional 2,277 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Piper Sandler reiterated a "neutral" rating and issued a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James lowered their target price on 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. Finally, Wells Fargo & Company reduced their price target on shares of 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. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $27.63.

Kite Realty Group Trust Stock Down 0.8%

Shares of Kite Realty Group Trust stock traded down $0.17 on Monday, hitting $21.41. The company had a trading volume of 1,893,828 shares, compared to its average volume of 1,690,356. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year 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 stock has a 50 day moving average of $21.82 and a 200-day moving average of $23.52. The stock has a market capitalization of $4.71 billion, a price-to-earnings ratio of 1,070.35, a P/E/G ratio of 3.57 and a beta of 1.10.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its quarterly 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. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The business had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. As a group, sell-side analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.05%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is currently 1,542.86%.

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.