Great Lakes Advisors LLC Has $6.42 Million Holdings in Kite Realty Group Trust (NYSE:KRG)

Great Lakes Advisors LLC trimmed its holdings in Kite Realty Group Trust (NYSE:KRG - Free Report) by 7.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 254,475 shares of the real estate investment trust's stock after selling 21,334 shares during the period. Great Lakes Advisors LLC owned about 0.12% of Kite Realty Group Trust worth $6,423,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. HighTower Advisors LLC lifted its holdings in shares of Kite Realty Group Trust by 11.0% during the 4th quarter. HighTower Advisors LLC now owns 25,968 shares of the real estate investment trust's stock valued at $655,000 after purchasing an additional 2,582 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Kite Realty Group Trust by 50.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 144,621 shares of the real estate investment trust's stock valued at $3,650,000 after buying an additional 48,480 shares during the period. AlphaQuest LLC raised its holdings in shares of Kite Realty Group Trust by 291.6% during the fourth quarter. AlphaQuest LLC now owns 93,055 shares of the real estate investment trust's stock worth $2,349,000 after acquiring an additional 69,295 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Kite Realty Group Trust by 5.2% during the fourth quarter. PNC Financial Services Group Inc. now owns 13,542 shares of the real estate investment trust's stock worth $342,000 after acquiring an additional 667 shares during the period. Finally, Edgestream Partners L.P. lifted its position in Kite Realty Group Trust by 619.5% in the 4th quarter. Edgestream Partners L.P. now owns 262,390 shares of the real estate investment trust's stock valued at $6,623,000 after acquiring an additional 225,922 shares in the last quarter. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Price Performance

NYSE:KRG opened at $21.24 on Friday. 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 fifty day simple moving average of $22.98 and a 200 day simple moving average of $25.13. Kite Realty Group Trust has a 1-year low of $19.64 and a 1-year high of $28.24. The stock has a market capitalization of $4.66 billion, a PE ratio of 1,061.80, a P/E/G ratio of 3.57 and a beta of 1.30.

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Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its earnings results 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 return on equity of 0.12% and a net margin of 0.48%. On average, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be issued 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 5.09%. Kite Realty Group Trust's dividend payout ratio is currently 5,400.00%.

Wall Street Analyst Weigh In

Several analysts have issued reports on KRG shares. JPMorgan Chase & Co. dropped 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. Robert W. Baird lifted their target price on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Friday, November 15th. Piper Sandler restated a "neutral" rating and issued a $25.00 target price (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 decreased their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, Raymond James cut their price objective on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Monday. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $28.13.

About Kite Realty Group Trust

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.

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