Guggenheim Capital LLC Sells 272,705 Shares of Kite Realty Group Trust (NYSE:KRG)

Guggenheim Capital LLC trimmed its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 84.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 49,868 shares of the real estate investment trust's stock after selling 272,705 shares during the quarter. Guggenheim Capital LLC's holdings in Kite Realty Group Trust were worth $1,259,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at about $39,000. Versant Capital Management Inc increased its stake in Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock valued at $62,000 after buying an additional 2,080 shares during the period. FIL Ltd lifted its position in 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 worth $88,000 after buying an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $101,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $116,000. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Trading Down 0.2 %

Shares of KRG stock traded down $0.04 during trading hours on Friday, reaching $21.84. The company had a trading volume of 1,469,045 shares, compared to its average volume of 1,645,136. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The firm has a market cap of $4.80 billion, a price-to-earnings ratio of 1,092.00, a P/E/G ratio of 3.57 and a beta of 1.05. The company has a 50 day moving average of $21.79 and a 200 day moving average of $24.05. Kite Realty Group Trust has a 1-year low of $18.52 and a 1-year high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. On average, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were given a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 4.95%. The ex-dividend date was Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

Analyst Ratings Changes

KRG has been the topic of several research reports. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their target price for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. cut their price objective on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Piper Sandler reissued a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Raymond James dropped their price target on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research note on Monday, March 10th. Finally, 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 for the company in a report on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.88.

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.