Systematic Financial Management LP grew its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 4.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 794,687 shares of the real estate investment trust's stock after buying an additional 30,272 shares during the quarter. Systematic Financial Management LP owned 0.36% of Kite Realty Group Trust worth $20,058,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently made changes to their positions in the company. Barclays PLC raised its stake in 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 valued at $25,139,000 after buying an additional 212,983 shares during the last quarter. Hennion & Walsh Asset Management Inc. grew its holdings in shares of Kite Realty Group Trust by 53.6% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 46,793 shares of the real estate investment trust's stock worth $1,181,000 after acquiring an additional 16,330 shares during the period. Perpetual Ltd purchased a new stake in Kite Realty Group Trust during the fourth quarter valued at $811,000. Fort Washington Investment Advisors Inc. OH lifted its holdings in Kite Realty Group Trust by 20.4% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 805,121 shares of the real estate investment trust's stock valued at $20,321,000 after acquiring an additional 136,670 shares during the period. Finally, Fifth Third Bancorp lifted its holdings in Kite Realty Group Trust by 2.6% in the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock valued at $465,000 after acquiring an additional 466 shares during the period. Hedge funds and other institutional investors own 90.81% of the company's stock.
Analyst Ratings Changes
Several brokerages recently issued reports on KRG. Raymond James cut their target price on shares of 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. Piper Sandler reissued a "neutral" rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Finally, Wells Fargo & Company reduced their price objective 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. Five 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 stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $27.88.
Check Out Our Latest Analysis on KRG
Kite Realty Group Trust Price Performance
Shares of Kite Realty Group Trust stock traded down $0.54 during trading hours on Tuesday, hitting $22.47. The company's stock had a trading volume of 1,227,153 shares, compared to its average volume of 1,684,335. The company has a market cap of $4.94 billion, a PE ratio of 1,123.50, a PEG ratio of 3.57 and a beta of 1.10. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The business has a 50 day moving average price of $21.82 and a two-hundred day moving average price of $23.66. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates of $0.51 by $0.02. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. The company had revenue of $221.76 million for the quarter, compared to analysts' expectations of $211.07 million. Analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.
Kite Realty Group Trust Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be paid a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, July 9th. This represents a $1.08 annualized dividend and a yield of 4.81%. Kite Realty Group Trust's payout ratio is 1,542.86%.
Kite Realty Group Trust Company Profile
(
Free Report)
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.
Further Reading
Before you consider Kite Realty Group Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Kite Realty Group Trust wasn't on the list.
While Kite Realty Group Trust currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
