Susquehanna International Group LLP Has $2.47 Million Holdings in Kite Realty Group Trust (NYSE:KRG)

Susquehanna International Group LLP raised its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 112.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,939 shares of the real estate investment trust's stock after buying an additional 51,759 shares during the period. Susquehanna International Group LLP's holdings in Kite Realty Group Trust were worth $2,472,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in Kite Realty Group Trust in the 3rd quarter valued at approximately $39,000. FIL Ltd boosted its stake in shares of Kite Realty Group Trust by 19.8% during the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock worth $88,000 after acquiring an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $101,000. Headlands Technologies LLC purchased a new stake in shares of Kite Realty Group Trust during the 4th quarter worth approximately $116,000. Finally, GAMMA Investing LLC raised its position in shares of Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 652 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

KRG has been the subject of several analyst reports. JPMorgan Chase & Co. dropped 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 dropped 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 note on Monday, March 10th. Wells Fargo & Company dropped their target price on 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. Finally, Piper Sandler reiterated a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Five investment 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. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.88.

Kite Realty Group Trust Price Performance

Shares of Kite Realty Group Trust stock traded up $0.87 on Monday, hitting $23.30. The company had a trading volume of 1,712,812 shares, compared to its average volume of 1,680,125. The business has a 50-day simple moving average of $21.73 and a 200-day simple moving average of $23.78. 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 $5.12 billion, a PE ratio of 1,165.20, a PEG ratio of 3.57 and a beta of 1.10. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24.

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

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.63%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 1,542.86%.

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.