Kite Realty Group Trust (NYSE:KRG) Shares Sold by Vident Advisory LLC

Vident Advisory LLC trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 39.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 32,869 shares of the real estate investment trust's stock after selling 21,033 shares during the period. Vident Advisory LLC's holdings in Kite Realty Group Trust were worth $830,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Systematic Financial Management LP increased its stake in shares of 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 worth $20,058,000 after buying an additional 30,272 shares during the period. ProShare Advisors LLC increased its stake in shares of Kite Realty Group Trust by 41.1% during the fourth quarter. ProShare Advisors LLC now owns 71,434 shares of the real estate investment trust's stock worth $1,803,000 after buying an additional 20,823 shares during the period. Quantinno Capital Management LP increased its stake in shares of Kite Realty Group Trust by 11.8% during the fourth quarter. Quantinno Capital Management LP now owns 33,619 shares of the real estate investment trust's stock worth $849,000 after buying an additional 3,548 shares during the period. Man Group plc increased its stake in shares of Kite Realty Group Trust by 446.4% during the fourth quarter. Man Group plc now owns 45,520 shares of the real estate investment trust's stock worth $1,149,000 after buying an additional 37,189 shares during the period. Finally, Nissay Asset Management Corp Japan ADV increased its stake in shares of Kite Realty Group Trust by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust's stock worth $806,000 after buying an additional 556 shares during the period. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Down 0.4%

Kite Realty Group Trust stock traded down $0.09 during mid-day trading on Friday, hitting $22.21. The company had a trading volume of 127,767 shares, compared to its average volume of 1,682,495. The stock has a market cap of $4.88 billion, a price-to-earnings ratio of 1,110.25, a PEG ratio of 3.57 and a beta of 1.10. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year high of $28.24. 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 business has a fifty day moving average of $21.78 and a 200 day moving average of $23.46.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced 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 for 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%. On average, sell-side analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be given a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.86%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 1,542.86%.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. 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 on the stock in a research note on Friday, May 23rd. Wells Fargo & Company dropped their price target 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. Finally, Piper Sandler reiterated a "neutral" rating and issued a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $27.63.

Kite Realty Group Trust Company 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.