Kite Realty Group Trust (NYSE:KRG) Shares Sold by Geode Capital Management LLC

Geode Capital Management LLC cut its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 0.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,665,160 shares of the real estate investment trust's stock after selling 13,993 shares during the period. Geode Capital Management LLC owned 2.58% of Kite Realty Group Trust worth $143,018,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in shares of Kite Realty Group Trust by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 33,506,648 shares of the real estate investment trust's stock worth $845,708,000 after buying an additional 256,476 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in Kite Realty Group Trust by 23.3% in the 4th quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock worth $308,317,000 after purchasing an additional 2,308,613 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kite Realty Group Trust by 2.0% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust's stock worth $94,039,000 after purchasing an additional 73,926 shares during the last quarter. Norges Bank acquired a new position in shares of Kite Realty Group Trust during the 4th quarter worth approximately $91,335,000. Finally, Franklin Resources Inc. grew its position in shares of Kite Realty Group Trust by 32.4% in the fourth quarter. Franklin Resources Inc. now owns 2,625,354 shares of the real estate investment trust's stock valued at $66,264,000 after purchasing an additional 643,172 shares in the last quarter. 90.81% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

A number of research firms have weighed in on KRG. Piper Sandler reissued a "neutral" rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and lowered their price target for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Wells Fargo & Company cut their price objective on shares of 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, March 26th. JPMorgan Chase & Co. decreased their target price on shares of 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, Raymond James cut their price target on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a report on Monday, March 10th. Five 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. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $27.88.

Kite Realty Group Trust Trading Up 1.0 %

Shares of Kite Realty Group Trust stock traded up $0.20 on Friday, reaching $20.47. The company had a trading volume of 1,852,865 shares, compared to its average volume of 1,641,909. The firm's 50 day moving average price is $22.13 and its two-hundred day moving average price is $24.38. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. Kite Realty Group Trust has a 52-week low of $18.52 and a 52-week high of $28.24. The firm has a market cap of $4.50 billion, a PE ratio of 1,023.40, a PEG ratio of 3.57 and a beta of 1.05.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its 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%. Sell-side analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be issued a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 5.28%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.

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.