Kite Realty Group Trust (NYSE:KRG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers cut its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 2.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 774,812 shares of the real estate investment trust's stock after selling 16,100 shares during the quarter. Rhumbline Advisers owned about 0.35% of Kite Realty Group Trust worth $17,333,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Optiver Holding B.V. boosted its holdings 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 valued at $71,000 after acquiring an additional 467 shares in the last quarter. FIL Ltd boosted its holdings 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 acquiring an additional 579 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $101,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $101,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at about $116,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG traded down $0.38 on Wednesday, hitting $22.45. The company's stock had a trading volume of 984,726 shares, compared to its average volume of 1,696,246. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month high of $28.24. The company has a market capitalization of $4.93 billion, a price-to-earnings ratio of 1,122.30, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11. 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 of $21.78 and a 200-day moving average of $23.12.

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 (EPS) for the quarter, beating 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 the consensus estimate of $211.07 million. As a group, research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.81%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is 1,542.86%.

Wall Street Analyst Weigh In

A number of analysts recently commented on KRG shares. Piper Sandler reissued a "neutral" rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Wall Street Zen raised shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating in a report on Friday, June 6th. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a report on Wednesday, March 26th. Finally, Raymond James decreased their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock in a report on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average price target of $27.63.

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.