Kite Realty Group Trust (NYSE:KRG) Shares Acquired by Gamco Investors INC. ET AL

Gamco Investors INC. ET AL lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 212.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,000 shares of the real estate investment trust's stock after acquiring an additional 17,000 shares during the period. Gamco Investors INC. ET AL's holdings in Kite Realty Group Trust were worth $631,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its holdings in shares of Kite Realty Group Trust by 29.0% during the third quarter. Barclays PLC now owns 946,501 shares of the real estate investment trust's stock worth $25,139,000 after buying an additional 212,983 shares in the last quarter. Sanctuary Advisors LLC lifted its position in Kite Realty Group Trust by 60.3% during the third quarter. Sanctuary Advisors LLC now owns 24,451 shares of the real estate investment trust's stock worth $670,000 after purchasing an additional 9,201 shares during the period. Wilmington Savings Fund Society FSB bought a new position in Kite Realty Group Trust in the third quarter valued at approximately $39,000. Franklin Resources Inc. lifted its position in shares of Kite Realty Group Trust by 51.5% during the 3rd quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust's stock worth $50,684,000 after buying an additional 673,976 shares during the last quarter. Finally, Versant Capital Management Inc boosted its stake in shares of 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 purchasing an additional 2,080 shares in the last quarter. Institutional investors own 90.81% of the company's stock.

Analyst Upgrades and Downgrades

KRG has been the subject of a number of recent research reports. Piper Sandler restated a "neutral" rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Wells Fargo & Company dropped their price objective on shares of 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. Raymond James decreased their target price on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research report on Monday, March 10th. Jefferies Financial Group cut Kite Realty Group Trust from a "buy" rating to a "hold" rating and cut their target price for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, JPMorgan Chase & Co. decreased their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. 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 company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $27.88.

Kite Realty Group Trust Trading Down 0.5 %

Shares of NYSE KRG traded down $0.11 during midday trading on Friday, hitting $21.77. The company's stock had a trading volume of 307,325 shares, compared to its average volume of 2,064,153. The business's 50 day moving average is $21.81 and its two-hundred day moving average is $24.10. Kite Realty Group Trust has a 12-month low of $18.51 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 firm has a market cap of $4.78 billion, a P/E ratio of 1,088.70, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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, equities research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.96%. The ex-dividend date was Wednesday, April 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

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.