Kite Realty Group Trust (NYSE:KRG) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 82.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 234,067 shares of the real estate investment trust's stock after selling 1,126,995 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.11% of Kite Realty Group Trust worth $5,908,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Voloridge Investment Management LLC increased its holdings in shares of Kite Realty Group Trust by 260.3% during the 4th quarter. Voloridge Investment Management LLC now owns 246,773 shares of the real estate investment trust's stock valued at $6,229,000 after purchasing an additional 178,291 shares in the last quarter. Systematic Financial Management LP grew its position in Kite Realty Group Trust by 4.0% during the fourth quarter. Systematic Financial Management LP now owns 794,687 shares of the real estate investment trust's stock valued at $20,058,000 after buying an additional 30,272 shares during the period. ProShare Advisors LLC raised its position in shares of Kite Realty Group Trust by 41.1% in the fourth quarter. ProShare Advisors LLC now owns 71,434 shares of the real estate investment trust's stock worth $1,803,000 after acquiring an additional 20,823 shares during the period. Quantinno Capital Management LP raised its position in shares of Kite Realty Group Trust by 11.8% in the fourth quarter. Quantinno Capital Management LP now owns 33,619 shares of the real estate investment trust's stock worth $849,000 after acquiring an additional 3,548 shares during the period. Finally, Man Group plc grew its position in shares of Kite Realty Group Trust by 446.4% during the 4th quarter. Man Group plc now owns 45,520 shares of the real estate investment trust's stock valued at $1,149,000 after acquiring an additional 37,189 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

KRG has been the subject of a number of analyst reports. Wells Fargo & Company reduced their price target on 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 reduced their target price on 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. Finally, Piper Sandler reiterated a "neutral" rating and set a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Kite Realty Group Trust currently has an average rating of "Moderate Buy" and an average target price of $27.63.

Kite Realty Group Trust Price Performance

Shares of KRG traded down $0.07 during trading hours on Wednesday, hitting $22.08. 1,221,517 shares of the stock were exchanged, compared to its average volume of 1,684,396. The stock's 50-day moving average price is $21.75 and its two-hundred day moving average price is $23.29. 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 quick ratio of 2.98 and a current ratio of 2.98. The company has a market cap of $4.85 billion, a price-to-earnings ratio of 1,104.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. The business had revenue of $221.76 million during the quarter, compared to analyst estimates of $211.07 million. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. Research analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.89%. Kite Realty Group Trust's payout ratio is 1,542.86%.

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.