Tudor Investment Corp ET AL Purchases 103,485 Shares of Kite Realty Group Trust (NYSE:KRG)

Tudor Investment Corp ET AL increased its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 16.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 732,691 shares of the real estate investment trust's stock after buying an additional 103,485 shares during the quarter. Tudor Investment Corp ET AL owned 0.33% of Kite Realty Group Trust worth $18,493,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in KRG. EMC Capital Management raised its stake in shares of Kite Realty Group Trust by 4.9% during the 4th quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock worth $242,000 after purchasing an additional 447 shares in the last quarter. Fifth Third Bancorp lifted its stake in Kite Realty Group Trust by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 466 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Kite Realty Group Trust by 0.8% during the 4th quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock worth $1,609,000 after acquiring an additional 516 shares during the period. FIL Ltd boosted its position in Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after purchasing an additional 579 shares during the period. Finally, IHT Wealth Management LLC grew its stake in Kite Realty Group Trust by 3.3% in 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 buying an additional 582 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock traded up $0.09 during midday trading on Wednesday, reaching $21.64. The stock had a trading volume of 3,541,035 shares, compared to its average volume of 1,662,630. The firm has a market capitalization of $4.76 billion, a PE ratio of 1,082.00, a P/E/G ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month 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 firm's 50-day moving average price is $21.77 and its 200 day moving average price is $24.01.

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

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Stockholders of record on Wednesday, July 9th will be issued a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.99%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

Analyst Ratings Changes

Several research analysts have weighed in on the company. Wells Fargo & Company lowered their price objective 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. JPMorgan Chase & Co. cut their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Raymond James cut their target price on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research report on Monday, March 10th. Finally, Piper Sandler reiterated a "neutral" rating and set a $25.00 price target (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 assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

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.