Federated Hermes Inc. Trims Position in Kite Realty Group Trust (NYSE:KRG)

Federated Hermes Inc. decreased its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 6.5% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 223,743 shares of the real estate investment trust's stock after selling 15,545 shares during the period. Federated Hermes Inc. owned approximately 0.10% of Kite Realty Group Trust worth $5,647,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust during the 3rd quarter worth $39,000. Versant Capital Management Inc raised its holdings in 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 buying an additional 2,080 shares during the last quarter. Spectrum Wealth Counsel LLC acquired a new stake in Kite Realty Group Trust during the 4th quarter worth approximately $101,000. Headlands Technologies LLC acquired a new position in Kite Realty Group Trust in the 4th quarter valued at approximately $116,000. Finally, GAMMA Investing LLC lifted its holdings in shares of Kite Realty Group Trust by 15.8% during the fourth 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 period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Stock Performance

NYSE:KRG traded up $0.28 during trading on Wednesday, reaching $21.07. The company's stock had a trading volume of 1,299,552 shares, compared to its average volume of 1,649,126. The firm has a market cap of $4.63 billion, a price-to-earnings ratio of 1,053.50, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a 12 month low of $18.52 and a 12 month high of $28.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a 50 day moving average of $22.03 and a 200-day moving average of $24.31.

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

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders 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 5.13%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio is currently 5,400.00%.

Analyst Upgrades and Downgrades

Several research analysts have commented 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 report on Wednesday, March 26th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. JPMorgan Chase & Co. reduced their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Finally, Raymond James lowered their price objective on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research note on Monday, March 10th. Five 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 MarketBeat.com, the stock currently 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.