Price T Rowe Associates Inc. MD Has $4.13 Million Position in Kite Realty Group Trust (NYSE:KRG)

Price T Rowe Associates Inc. MD lifted its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 11.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & 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 quarter. Price T Rowe Associates Inc. MD owned 0.07% of Kite Realty Group Trust worth $4,130,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in KRG. Norges Bank acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth $91,335,000. Centersquare Investment Management LLC acquired a new position in Kite Realty Group Trust during the fourth quarter worth about $64,403,000. JPMorgan Chase & Co. increased its holdings in Kite Realty Group Trust by 23.3% in the fourth quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock valued at $308,317,000 after buying an additional 2,308,613 shares in the last quarter. Aew Capital Management L P acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $31,663,000. Finally, Invesco Ltd. boosted its stake in shares of Kite Realty Group Trust by 36.5% during the 4th quarter. Invesco Ltd. now owns 2,972,981 shares of the real estate investment trust's stock worth $75,038,000 after acquiring an additional 794,651 shares in the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

NYSE KRG traded up $0.26 on Wednesday, reaching $22.40. The stock had a trading volume of 2,360,276 shares, compared to its average volume of 1,671,656. 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 company has a market cap of $4.92 billion, a P/E ratio of 1,120.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.10. The firm has a fifty day moving average of $21.77 and a two-hundred day moving average of $23.87. 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 posted its quarterly earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping the consensus estimate 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, 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 will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be issued a dividend of $0.27 per share. The ex-dividend date is Wednesday, July 9th. This represents a $1.08 annualized dividend and a yield of 4.82%. Kite Realty Group Trust's payout ratio is 1,542.86%.

Analyst Ratings Changes

Several research firms recently commented on KRG. 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 on the stock in a research report on Wednesday, March 26th. 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 report on Monday, March 10th. Piper Sandler reissued a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average target price of $27.88.

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.