Fox Run Management L.L.C. Takes $1.06 Million Position in Kite Realty Group Trust (NYSE:KRG)

Fox Run Management L.L.C. bought a new stake in Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 41,916 shares of the real estate investment trust's stock, valued at approximately $1,058,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. KLP Kapitalforvaltning AS acquired a new stake in shares of Kite Realty Group Trust during the fourth quarter worth $1,333,000. Sei Investments Co. lifted its stake in shares of Kite Realty Group Trust by 273.7% in the 4th quarter. Sei Investments Co. now owns 622,561 shares of the real estate investment trust's stock worth $15,713,000 after acquiring an additional 455,972 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Kite Realty Group Trust by 37.9% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 118,737 shares of the real estate investment trust's stock valued at $2,997,000 after acquiring an additional 32,619 shares in the last quarter. Magnetar Financial LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth about $677,000. Finally, Teacher Retirement System of Texas raised its holdings in Kite Realty Group Trust by 4.3% during the fourth quarter. Teacher Retirement System of Texas now owns 110,342 shares of the real estate investment trust's stock worth $2,785,000 after purchasing an additional 4,532 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

Kite Realty Group Trust Price Performance

KRG traded up $0.14 during trading on Wednesday, reaching $22.66. 1,225,243 shares of the stock were exchanged, compared to its average volume of 1,505,279. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market capitalization of $4.98 billion, a price-to-earnings ratio of 1,132.75, a P/E/G ratio of 3.57 and a beta of 1.30. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24. The business's 50 day moving average price is $22.76 and its two-hundred day moving average price is $24.89.

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Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released 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%. As a group, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be given a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.77%. Kite Realty Group Trust's dividend payout ratio is presently 5,400.00%.

Analyst Upgrades and Downgrades

KRG has been the topic of a number of analyst reports. Raymond James lowered 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 report on Monday, March 10th. JPMorgan Chase & Co. decreased 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. Wells Fargo & Company cut their price objective on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a research report on Wednesday. Jefferies Financial Group downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their target price for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Finally, Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target 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.