ProShare Advisors LLC increased its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 41.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 71,434 shares of the real estate investment trust's stock after acquiring 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 SEC.
Several other institutional investors have also modified their holdings of the business. EMC Capital Management lifted its stake in shares of Kite Realty Group Trust by 4.9% in the fourth quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock worth $242,000 after acquiring an additional 447 shares in the last quarter. Fifth Third Bancorp lifted its stake in shares of Kite Realty Group Trust by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock worth $465,000 after acquiring an additional 466 shares in the last quarter. Optiver Holding B.V. lifted its stake in shares of Kite Realty Group Trust by 19.9% in 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 in the last quarter. Arizona State Retirement System lifted its stake in shares of Kite Realty Group Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock worth $1,609,000 after acquiring an additional 516 shares in the last quarter. Finally, Nissay Asset Management Corp Japan ADV lifted its stake in shares of Kite Realty Group Trust by 1.8% in the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after acquiring an additional 556 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.
Analysts Set New Price Targets
Several research analysts recently commented on KRG shares. Raymond James cut their price target on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a research note on Friday. Wells Fargo & Company lowered 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 report on Wednesday, March 26th. Finally, Piper Sandler reissued a "neutral" rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five investment 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 company. According to data from MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.63.
Read Our Latest Research Report on Kite Realty Group Trust
Kite Realty Group Trust Stock Down 0.8%
Kite Realty Group Trust stock traded down $0.17 during midday trading on Friday, hitting $21.41. The stock had a trading volume of 1,893,828 shares, compared to its average volume of 1,690,356. 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 stock has a market cap of $4.71 billion, a P/E ratio of 1,070.35, a P/E/G ratio of 3.57 and a beta of 1.10. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month high of $28.24. The business has a fifty day moving average price of $21.82 and a 200 day moving average price of $23.55.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its earnings results 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 company had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. Research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.
Kite Realty Group Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 5.05%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.
Kite Realty Group Trust 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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