Universal Beteiligungs und Servicegesellschaft mbH Makes New Investment in Kite Realty Group Trust (NYSE:KRG)

Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 241,900 shares of the real estate investment trust's stock, valued at approximately $6,106,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.11% of Kite Realty Group Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of KRG. Optiver Holding B.V. grew its holdings in shares of 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 purchasing an additional 467 shares in the last quarter. Arizona State Retirement System grew its stake in Kite Realty Group Trust by 0.8% during 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 buying an additional 516 shares in the last quarter. Nissay Asset Management Corp Japan ADV raised its position in shares of Kite Realty Group Trust by 1.8% in the 4th quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock valued at $806,000 after buying an additional 556 shares in the last quarter. FIL Ltd raised its position in shares of Kite Realty Group Trust by 19.8% in the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 579 shares in the last quarter. Finally, IHT Wealth Management LLC lifted its holdings in shares of 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 worth $467,000 after acquiring an additional 582 shares during the period. Institutional investors and hedge funds own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on KRG. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Piper Sandler restated 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. Finally, Raymond James reduced their price objective on Kite Realty Group Trust from $28.00 to $26.00 and set a "strong-buy" rating on the stock 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $27.63.

Kite Realty Group Trust Trading Down 0.3%

NYSE KRG traded down $0.07 during trading hours on Wednesday, reaching $22.08. The company's stock had a trading volume of 1,221,517 shares, compared to its average volume of 1,686,517. The firm has a fifty day simple moving average of $21.75 and a 200-day simple moving average of $23.29. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24. The stock has a market cap of $4.85 billion, a P/E ratio of 1,104.00, a P/E/G ratio of 3.57 and a beta of 1.11.

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

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders 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 dividend yield of 4.89%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio is currently 1,542.86%.

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.