Robeco Institutional Asset Management B.V. Grows Stock Position in Kite Realty Group Trust $KRG

Key Points

• Robeco Institutional Asset Management B.V. increased its stake in Kite Realty Group Trust by 6.6%, owning 320,000 shares valued at approximately $7.25 million at the end of the reporting period.
• CEO John A. Kite sold 50,000 shares of the company at an average price of $22.70, resulting in a 48.02% decrease in his position.
• Kite Realty Group Trust recently declared a quarterly dividend of $0.27 per share, translating to an annualized dividend of $1.08 and a yield of 4.9%.

Robeco Institutional Asset Management B.V. grew its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 6.6% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 320,000 shares of the real estate investment trust's stock after buying an additional 19,888 shares during the period. Robeco Institutional Asset Management B.V. owned 0.15% of Kite Realty Group Trust worth $7,248,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in KRG. Wealth Enhancement Advisory Services LLC lifted its holdings in Kite Realty Group Trust by 15.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 24,912 shares of the real estate investment trust's stock valued at $629,000 after purchasing an additional 3,393 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Kite Realty Group Trust by 1,523.9% in the first quarter. GAMMA Investing LLC now owns 77,736 shares of the real estate investment trust's stock valued at $1,739,000 after purchasing an additional 72,949 shares during the period. SG Americas Securities LLC purchased a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at approximately $795,000. CX Institutional bought a new position in Kite Realty Group Trust in the 1st quarter worth approximately $79,000. Finally, Howard Capital Management Group LLC grew its stake in Kite Realty Group Trust by 21.1% in the 1st quarter. Howard Capital Management Group LLC now owns 40,185 shares of the real estate investment trust's stock valued at $899,000 after buying an additional 7,009 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Insider Activity

In other news, CEO John A. Kite sold 50,000 shares of Kite Realty Group Trust stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the completion of the sale, the chief executive officer directly owned 54,121 shares of the company's stock, valued at approximately $1,228,546.70. The trade was a 48.02% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 2.00% of the company's stock.

Kite Realty Group Trust Stock Performance

NYSE:KRG opened at $22.21 on Monday. The stock has a market cap of $4.88 billion, a P/E ratio of 28.12, a PEG ratio of 6.15 and a beta of 1.15. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.91. The business's 50-day moving average price is $22.21 and its two-hundred day moving average price is $22.16. Kite Realty Group Trust has a twelve month low of $18.51 and a twelve month high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The company had revenue of $211.18 million during the quarter, compared to analyst estimates of $211.74 million. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. As a group, equities analysts predict 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 Thursday, October 16th. Stockholders of record on Thursday, October 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.9%. Kite Realty Group Trust's dividend payout ratio is presently 136.71%.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Citigroup restated a "neutral" rating and set a $24.00 target price (down previously from $28.00) on shares of Kite Realty Group Trust in a research report on Friday, September 12th. Wells Fargo & Company dropped their price objective on Kite Realty Group Trust from $24.00 to $23.00 and set an "equal weight" rating on the stock in a report on Wednesday, August 27th. Wall Street Zen lowered Kite Realty Group Trust from a "hold" rating to a "sell" rating in a report on Saturday. LADENBURG THALM/SH SH initiated coverage on Kite Realty Group Trust in a research report on Tuesday, September 9th. They set a "buy" rating and a $30.00 price target on the stock. Finally, Weiss Ratings restated a "hold (c+)" rating on shares of Kite Realty Group Trust in a research report on Saturday, September 27th. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $26.50.

Kite Realty Group Trust 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.

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