Squarepoint Ops LLC Has $840,000 Stock Position in Kite Realty Group Trust (NYSE:KRG)

Squarepoint Ops LLC trimmed its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 58.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and 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 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of KRG. Optiver Holding B.V. lifted its position in Kite Realty Group Trust by 19.9% during the 4th 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 during the last quarter. Arizona State Retirement System increased 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 purchasing an additional 516 shares during the period. Nissay Asset Management Corp Japan ADV lifted its position in shares of Kite Realty Group Trust by 1.8% during the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after purchasing an additional 556 shares during the last quarter. FIL Ltd boosted its stake in Kite Realty Group Trust by 19.8% during the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the period. Finally, IHT Wealth Management LLC boosted its stake in Kite Realty Group Trust by 3.3% during the 4th quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust's stock valued at $467,000 after purchasing an additional 582 shares during the period. 90.81% of the stock is owned by institutional investors.

Kite Realty Group Trust Stock Performance

Shares of KRG stock traded up $0.09 during mid-day trading on Tuesday, reaching $22.17. The stock had a trading volume of 1,090,064 shares, compared to its average volume of 1,683,661. Kite Realty Group Trust has a one year low of $18.52 and a one year high of $28.24. The firm has a market cap of $4.87 billion, a PE ratio of 1,108.30, a P/E/G ratio of 3.57 and a beta of 1.10. The firm's 50 day simple moving average is $21.75 and its 200 day simple moving average is $23.30. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The business had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. On average, analysts forecast 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. Stockholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.87%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is 1,542.86%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Wells Fargo & Company dropped their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research report on Wednesday, March 26th. Piper Sandler restated a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Finally, Raymond James cut 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 research note on Friday, May 23rd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $27.63.

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.