Squarepoint Ops LLC reduced its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 58.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 33,265 shares of the real estate investment trust's stock after selling 46,638 shares during the quarter. Squarepoint Ops LLC's holdings in Kite Realty Group Trust were worth $840,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Blue Trust Inc. grew its holdings in shares of Kite Realty Group Trust by 34.6% during the 4th quarter. Blue Trust Inc. now owns 8,927 shares of the real estate investment trust's stock valued at $237,000 after acquiring an additional 2,294 shares in the last quarter. KBC Group NV grew its stake in shares of Kite Realty Group Trust by 38.4% during the fourth quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust's stock valued at $207,000 after purchasing an additional 2,277 shares during the last quarter. Pacer Advisors Inc. boosted its stake in Kite Realty Group Trust by 3.5% in the fourth quarter. Pacer Advisors Inc. now owns 43,695 shares of the real estate investment trust's stock valued at $1,103,000 after acquiring an additional 1,461 shares during the last quarter. Robeco Institutional Asset Management B.V. acquired a new stake in Kite Realty Group Trust in the fourth quarter worth $5,934,000. Finally, Oak Family Advisors LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth $1,866,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.
Kite Realty Group Trust Stock Performance
KRG traded down $0.13 during midday trading on Thursday, hitting $21.91. 1,638,934 shares of the company traded hands, compared to its average volume of 1,689,945. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24. The firm has a market capitalization of $4.82 billion, a PE ratio of 1,095.50, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The company's 50-day moving average is $21.73 and its 200 day moving average is $23.25.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. On average, research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.
Kite Realty Group Trust Announces Dividend
The firm 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 $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.93%. 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%.
Analyst Upgrades and Downgrades
Several analysts recently commented on the stock. Raymond James reduced 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. 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 research report on Wednesday, March 26th. Finally, Piper Sandler reiterated a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $27.63.
Check Out Our Latest Research Report on Kite Realty Group Trust
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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