Uniplan Investment Counsel Inc. Sells 21,919 Shares of Kite Realty Group Trust (NYSE:KRG)

Uniplan Investment Counsel Inc. reduced its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 1.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,303,231 shares of the real estate investment trust's stock after selling 21,919 shares during the period. Kite Realty Group Trust makes up about 3.1% of Uniplan Investment Counsel Inc.'s investment portfolio, making the stock its 5th biggest holding. Uniplan Investment Counsel Inc. owned approximately 0.59% of Kite Realty Group Trust worth $32,894,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in KRG. Wilmington Savings Fund Society FSB acquired a new stake in shares of Kite Realty Group Trust during the third quarter valued at about $39,000. Versant Capital Management Inc grew its stake in shares of Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock valued at $62,000 after acquiring an additional 2,080 shares in the last quarter. FIL Ltd grew its stake in shares of 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 valued at $88,000 after acquiring 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 fourth quarter valued at about $101,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter valued at about $116,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on KRG. Piper Sandler restated a "neutral" rating and set a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. JPMorgan Chase & Co. lowered their target price 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. Raymond James reduced 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 report on Monday, March 10th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price target for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, Wells Fargo & Company reduced 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 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's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $27.88.

Kite Realty Group Trust Stock Performance

NYSE KRG traded down $0.04 during trading hours on Friday, reaching $21.84. The company's stock had a trading volume of 1,469,045 shares, compared to its average volume of 1,645,136. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. The business has a 50-day simple moving average of $21.79 and a 200 day simple moving average of $24.05. 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 $4.80 billion, a PE ratio of 1,092.00, a PEG ratio of 3.57 and a beta of 1.05.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. Equities 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 firm also recently declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were issued a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.95%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 5,400.00%.

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.