abrdn plc Has $1.78 Million Stock Position in Kite Realty Group Trust (NYSE:KRG)

abrdn plc grew its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 58.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 71,086 shares of the real estate investment trust's stock after purchasing an additional 26,160 shares during the period. abrdn plc's holdings in Kite Realty Group Trust were worth $1,775,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UMB Bank n.a. grew its position in Kite Realty Group Trust by 819.0% in the 3rd quarter. UMB Bank n.a. now owns 1,066 shares of the real estate investment trust's stock worth $28,000 after purchasing an additional 950 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in Kite Realty Group Trust in the 3rd quarter worth about $39,000. Strategic Investment Solutions Inc. IL bought a new position in Kite Realty Group Trust in the 3rd quarter worth about $45,000. Versant Capital Management Inc grew its position in 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 worth $62,000 after purchasing an additional 2,080 shares during the last quarter. Finally, GAMMA Investing LLC grew its position in Kite Realty Group Trust by 110.4% in the 3rd quarter. GAMMA Investing LLC now owns 4,135 shares of the real estate investment trust's stock worth $110,000 after purchasing an additional 2,170 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Trading Down 3.6 %

Shares of NYSE:KRG traded down $0.85 during mid-day trading on Friday, hitting $22.40. The stock had a trading volume of 3,816,868 shares, compared to its average volume of 2,148,346. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. The company has a market cap of $4.92 billion, a PE ratio of -559.88, a P/E/G ratio of 3.63 and a beta of 1.27. Kite Realty Group Trust has a 12-month low of $19.64 and a 12-month high of $28.24. The company's 50 day moving average is $24.29 and its 200-day moving average is $25.45.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a negative net margin of 1.18% and a negative return on equity of 0.28%. On average, sell-side analysts predict that Kite Realty Group Trust will post 2.06 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, 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 annualized dividend and a dividend yield of 4.82%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently -2,700.00%.

Wall Street Analyst Weigh In

KRG has been the subject of several recent analyst reports. Wells Fargo & Company decreased their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. Robert W. Baird increased their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a report on Friday, November 15th. Jefferies Financial Group cut 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 report on Thursday, January 2nd. KeyCorp increased their price objective on shares of Kite Realty Group Trust from $28.00 to $31.00 and gave the company an "overweight" rating in a report on Tuesday, November 12th. Finally, Piper Sandler reiterated a "neutral" rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday. Six research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Kite Realty Group Trust has an average rating of "Hold" and an average target price of $28.13.

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.