Rhumbline Advisers decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 2.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor 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 SEC filing.
Other large investors have also modified their holdings of the company. Optiver Holding B.V. grew its holdings in shares of Kite Realty Group Trust by 19.9% during the fourth 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 in the last quarter. FIL Ltd grew 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 worth $88,000 after buying an additional 579 shares in the last quarter. GF Fund Management CO. LTD. purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $101,000. Spectrum Wealth Counsel LLC purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $101,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $116,000. Hedge funds and other institutional investors own 90.81% of the company's stock.
Analyst Upgrades and Downgrades
KRG has been the subject of a number of research reports. Wall Street Zen raised shares of Kite Realty Group Trust from a "hold" rating to a "buy" rating in a report on Friday. Wells Fargo & Company dropped their target price on shares of 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. Raymond James dropped their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating for the company in a report on Friday, May 23rd. Finally, Piper Sandler reissued a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $27.63.
Get Our Latest Analysis on Kite Realty Group Trust
Kite Realty Group Trust Trading Up 3.0%
NYSE KRG opened at $22.57 on Friday. The firm's 50-day moving average is $21.73 and its two-hundred day moving average is $23.22. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month 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 market capitalization of $4.96 billion, a P/E ratio of 1,128.25, a PEG ratio of 3.57 and a beta of 1.11.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its 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 firm had revenue of $221.76 million for the quarter, compared to the consensus estimate of $211.07 million. On average, sell-side analysts anticipate 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 announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be issued a $0.27 dividend. The ex-dividend date is Wednesday, July 9th. This represents a $1.08 annualized dividend and a yield of 4.79%. Kite Realty Group Trust's dividend payout ratio (DPR) is 1,542.86%.
About Kite Realty Group Trust
(
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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