Kite Realty Group Trust (NYSE:KRG) Stock Holdings Lessened by American Century Companies Inc.

American Century Companies Inc. lessened its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 40.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,205,397 shares of the real estate investment trust's stock after selling 802,928 shares during the period. American Century Companies Inc. owned 0.55% of Kite Realty Group Trust worth $30,424,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB acquired a new position in shares of Kite Realty Group Trust in the third quarter valued at approximately $39,000. Versant Capital Management Inc boosted its holdings in shares of Kite Realty Group Trust by 551.7% during the fourth 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. Spectrum Wealth Counsel LLC purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at $101,000. GAMMA Investing LLC increased its stake in Kite Realty Group Trust by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after purchasing an additional 652 shares during the last quarter. Finally, Central Pacific Bank Trust Division lifted its position in Kite Realty Group Trust by 19.6% during the fourth quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust's stock worth $187,000 after buying an additional 1,210 shares during the period. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

Several analysts have commented on the company. JPMorgan Chase & Co. lowered their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Wells Fargo & Company lowered their price objective on shares of 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. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and cut their target price for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, Raymond James lowered their price target on 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. 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 stock. According to data from MarketBeat, Kite Realty Group Trust currently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

Kite Realty Group Trust Stock Down 0.5 %

Shares of NYSE KRG traded down $0.11 during trading on Tuesday, reaching $22.27. 613,098 shares of the stock were exchanged, compared to its average volume of 1,590,917. The company has a market capitalization of $4.89 billion, a price-to-earnings ratio of 1,114.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.30. The business's 50-day moving average price is $22.71 and its 200 day moving average price is $24.81. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share 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%. As a group, equities analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.85%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio is currently 5,400.00%.

Kite Realty Group Trust Company 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.