Landscape Capital Management L.L.C. acquired a new position in Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 58,729 shares of the real estate investment trust's stock, valued at approximately $1,482,000.
Several other institutional investors have also recently made changes to their positions in KRG. Proficio Capital Partners LLC purchased a new stake in Kite Realty Group Trust during the fourth quarter valued at approximately $1,180,000. Charles Schwab Investment Management Inc. grew its position in shares of Kite Realty Group Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock valued at $94,039,000 after acquiring an additional 73,926 shares during the period. Raymond James Financial Inc. purchased a new stake in shares of Kite Realty Group Trust in the 4th quarter worth $19,632,000. New York State Common Retirement Fund raised its holdings in Kite Realty Group Trust by 18.6% in the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust's stock worth $2,741,000 after purchasing an additional 17,015 shares during the period. Finally, Aew Capital Management L P purchased a new position in Kite Realty Group Trust during the fourth quarter valued at $31,663,000. Institutional investors own 90.81% of the company's stock.
Kite Realty Group Trust Price Performance
Shares of KRG stock traded down $0.63 during mid-day trading on Monday, hitting $20.17. The company had a trading volume of 3,668,509 shares, compared to its average volume of 1,617,005. 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 stock's 50 day moving average price is $22.58 and its 200-day moving average price is $24.67. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $28.24. The company has a market capitalization of $4.43 billion, a P/E ratio of 1,008.50, a P/E/G ratio of 3.57 and a beta of 1.05.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating 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 forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.
Kite Realty Group Trust Dividend Announcement
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.35%. Kite Realty Group Trust's dividend payout ratio is currently 5,400.00%.
Wall Street Analysts Forecast Growth
KRG has been the subject of a number of analyst reports. Piper Sandler restated a "neutral" rating and issued a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Raymond James reduced 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 report on Monday, March 10th. Wells Fargo & Company lowered 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 report on Wednesday, March 26th. JPMorgan Chase & Co. dropped their price target on shares of 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. Finally, Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their price objective for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average price target of $27.88.
Check Out Our Latest Stock Analysis on KRG
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.
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