Kite Realty Group Trust (NYSE:KRG) Holdings Boosted by Price T Rowe Associates Inc. MD

Price T Rowe Associates Inc. MD raised its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 11.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 163,594 shares of the real estate investment trust's stock after acquiring an additional 16,279 shares during the period. Price T Rowe Associates Inc. MD owned approximately 0.07% of Kite Realty Group Trust worth $4,130,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in KRG. Barclays PLC grew its holdings in shares of Kite Realty Group Trust by 29.0% during the 3rd quarter. Barclays PLC now owns 946,501 shares of the real estate investment trust's stock worth $25,139,000 after purchasing an additional 212,983 shares during the period. Wilmington Savings Fund Society FSB purchased a new stake in Kite Realty Group Trust during the third quarter worth approximately $39,000. Franklin Resources Inc. increased its position in shares of Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust's stock worth $50,684,000 after acquiring an additional 673,976 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of 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 acquiring an additional 2,080 shares during the period. Finally, GAMMA Investing LLC raised its stake in shares of Kite Realty Group Trust by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after acquiring an additional 652 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. 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 report on Thursday, February 13th. Raymond James decreased their price target on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a report on Monday, March 10th. JPMorgan Chase & Co. dropped 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 note on Wednesday, January 15th. Finally, Wells Fargo & Company decreased their target price on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research note on Wednesday, March 26th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average price target of $27.88.

Kite Realty Group Trust Price Performance

KRG remained flat at $22.45 during trading on Friday. 1,755,334 shares of the company traded hands, compared to its average volume of 1,679,994. Kite Realty Group Trust has a 1 year low of $18.52 and a 1 year high of $28.24. 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 company has a market cap of $4.93 billion, a P/E ratio of 1,122.50, a PEG ratio of 3.57 and a beta of 1.10. The stock has a fifty day moving average of $21.73 and a 200-day moving average of $23.80.

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

Kite Realty Group Trust Announces Dividend

The company 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 $0.27 dividend. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.81%. Kite Realty Group Trust's payout ratio is 1,542.86%.

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.