Edgestream Partners L.P. Buys 225,922 Shares of Kite Realty Group Trust (NYSE:KRG)

Edgestream Partners L.P. increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 619.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 262,390 shares of the real estate investment trust's stock after buying an additional 225,922 shares during the period. Edgestream Partners L.P. owned 0.12% of Kite Realty Group Trust worth $6,623,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of KRG. Aew Capital Management L P bought a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $31,663,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Kite Realty Group Trust by 432.7% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust's stock worth $36,150,000 after purchasing an additional 1,105,539 shares during the period. Raymond James Financial Inc. bought a new stake in Kite Realty Group Trust in the fourth quarter valued at about $19,632,000. Franklin Resources Inc. lifted its stake in Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust's stock valued at $50,684,000 after buying an additional 673,976 shares during the period. Finally, Eagle Asset Management Inc. acquired a new position in Kite Realty Group Trust in the third quarter valued at about $7,486,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Down 1.4 %

Shares of Kite Realty Group Trust stock traded down $0.31 during trading on Tuesday, reaching $22.05. The stock had a trading volume of 1,823,391 shares, compared to its average volume of 1,524,601. 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 capitalization of $4.84 billion, a price-to-earnings ratio of 1,102.50, a P/E/G ratio of 3.57 and a beta of 1.30. The stock has a fifty day moving average price of $23.18 and a two-hundred day moving average price of $25.20. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24.

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Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its 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 return on equity of 0.12% and a net margin of 0.48%. Sell-side analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm 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. This represents a $1.08 dividend on an annualized basis and a yield of 4.90%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on KRG shares. Wells Fargo & Company lowered their target price on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Piper Sandler restated a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. KeyCorp lifted their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. 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 report on Monday. Finally, Robert W. Baird raised their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. Five research 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 company's stock. According to data from MarketBeat, Kite Realty Group Trust has a consensus rating of "Moderate Buy" and an average target price of $28.13.

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.