F M Investments LLC Has $4.23 Million Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

F M Investments LLC decreased its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 62.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 167,655 shares of the real estate investment trust's stock after selling 284,285 shares during the quarter. F M Investments LLC owned about 0.08% of Kite Realty Group Trust worth $4,232,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust in the 3rd quarter valued at about $39,000. Versant Capital Management Inc increased its stake in shares of Kite Realty Group Trust by 551.7% in 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 period. FIL Ltd raised its holdings in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after buying an additional 579 shares during the last quarter. Spectrum Wealth Counsel LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $101,000. Finally, Headlands Technologies LLC bought a new position in Kite Realty Group Trust in the 4th quarter worth approximately $116,000. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Trading Up 0.9 %

Shares of KRG traded up $0.19 during midday trading on Tuesday, hitting $20.78. The stock had a trading volume of 1,897,789 shares, compared to its average volume of 2,061,207. The business has a 50-day simple moving average of $22.08 and a two-hundred day simple moving average of $24.33. The firm has a market cap of $4.57 billion, a P/E ratio of 1,039.20, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a fifty-two week low of $18.51 and a fifty-two week high of $28.24.

Remove Ads

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 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, equities analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm 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 dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.20%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

Analyst Upgrades and Downgrades

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

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.