Cerity Partners LLC Decreases Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Cerity Partners LLC decreased its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 40.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 28,743 shares of the real estate investment trust's stock after selling 19,407 shares during the quarter. Cerity Partners LLC's holdings in Kite Realty Group Trust were worth $762,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wilmington Savings Fund Society FSB bought a new stake in shares of Kite Realty Group Trust in the 3rd quarter worth $39,000. Versant Capital Management Inc boosted its position in 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 valued at $62,000 after purchasing an additional 2,080 shares during the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in shares of Kite Realty Group Trust in the fourth quarter worth about $101,000. Headlands Technologies LLC acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $116,000. Finally, GAMMA Investing LLC lifted its position in shares of Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock worth $121,000 after purchasing an additional 652 shares during the last quarter. Institutional investors and hedge funds own 90.81% of the company's stock.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG traded down $0.02 during midday trading on Thursday, hitting $21.83. 213,621 shares of the company's stock were exchanged, compared to its average volume of 1,634,752. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month high of $28.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. The company has a market cap of $4.79 billion, a price-to-earnings ratio of 1,088.50, a PEG ratio of 3.57 and a beta of 1.05. The business's fifty day moving average price is $21.82 and its two-hundred day moving average price is $24.13.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate of $0.08 by $0.45. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. As a group, research analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were given a $0.27 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.95%. Kite Realty Group Trust's payout ratio is currently 5,400.00%.

Analysts Set New Price Targets

KRG has been the topic of a number of recent research reports. Raymond James decreased their price target on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research note 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 research note on Wednesday, March 26th. Jefferies Financial Group lowered shares of 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 note on Thursday, January 2nd. Piper Sandler reissued a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Finally, JPMorgan Chase & Co. cut 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 report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

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.