Kite Realty Group Trust (NYSE:KRG) Shares Purchased by ProShare Advisors LLC

ProShare Advisors LLC grew its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 41.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 71,434 shares of the real estate investment trust's stock after purchasing an additional 20,823 shares during the quarter. ProShare Advisors LLC's holdings in Kite Realty Group Trust were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRG. Proficio Capital Partners LLC bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $1,180,000. Charles Schwab Investment Management Inc. increased its holdings in Kite Realty Group Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock worth $94,039,000 after purchasing an additional 73,926 shares in the last quarter. Raymond James Financial Inc. bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $19,632,000. New York State Common Retirement Fund increased its holdings in Kite Realty Group Trust by 18.6% during the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust's stock worth $2,741,000 after purchasing an additional 17,015 shares in the last quarter. Finally, Aew Capital Management L P bought a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $31,663,000. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

NYSE:KRG traded up $0.31 during trading hours on Tuesday, hitting $21.70. 140,779 shares of the stock traded hands, compared to its average volume of 1,684,263. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year high of $28.24. The company has a market cap of $4.77 billion, a price-to-earnings ratio of 1,084.90, a price-to-earnings-growth ratio of 3.57 and a beta of 1.10. The stock has a 50 day moving average price of $21.80 and a 200 day moving average price of $23.48.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.02. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. The company had revenue of $221.76 million for the quarter, compared to analysts' expectations of $211.07 million. Sell-side analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal 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 issued a $0.27 dividend. 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 4.98%. Kite Realty Group Trust's dividend payout ratio is presently 1,542.86%.

Wall Street Analysts Forecast Growth

KRG has been the subject of several recent analyst reports. Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James reduced their target price 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. Finally, Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average 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.