Kite Realty Group Trust (NYSE:KRG) Shares Acquired by Barclays PLC

Barclays PLC increased its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 25.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,183,004 shares of the real estate investment trust's stock after purchasing an additional 236,503 shares during the period. Barclays PLC owned approximately 0.54% of Kite Realty Group Trust worth $29,859,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new position in Kite Realty Group Trust in the 3rd quarter valued at $39,000. Versant Capital Management Inc raised its stake in shares of 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 valued at $62,000 after purchasing an additional 2,080 shares during the period. FIL Ltd raised 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 purchasing an additional 579 shares in the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at approximately $101,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Kite Realty Group Trust in the 4th quarter valued at approximately $116,000. 90.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on KRG. Jefferies Financial Group cut Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. JPMorgan Chase & Co. cut their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research note on Wednesday, January 15th. Raymond James decreased their price objective 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. Finally, Wells Fargo & Company dropped their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. Five investment 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 company's stock. According to data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average price target of $27.88.

Kite Realty Group Trust Trading Up 0.2 %

KRG stock traded up $0.04 during trading on Thursday, hitting $21.88. The company had a trading volume of 428,462 shares, compared to its average volume of 1,635,434. 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 52-week low of $18.52 and a 52-week high of $28.24. The company has a 50 day simple moving average of $21.82 and a 200-day simple moving average of $24.13. The firm has a market capitalization of $4.81 billion, a P/E ratio of 1,094.75, a PEG ratio of 3.57 and a beta of 1.05.

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

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were given a dividend of $0.27 per share. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.94%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

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.