Kennedy Capital Management LLC reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 871,179 shares of the real estate investment trust's stock after selling 31,229 shares during the period. Kite Realty Group Trust accounts for 0.5% of Kennedy Capital Management LLC's investment portfolio, making the stock its 29th biggest holding. Kennedy Capital Management LLC owned 0.40% of Kite Realty Group Trust worth $21,989,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds also recently bought and sold shares of the company. Wilmington Savings Fund Society FSB bought a new position in shares of Kite Realty Group Trust during the 3rd quarter valued at $39,000. Versant Capital Management Inc lifted its stake in shares of Kite Realty Group Trust by 551.7% in the fourth 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 period. FIL Ltd increased its position in shares of Kite Realty Group Trust by 19.8% during the fourth quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust's stock valued at $88,000 after purchasing an additional 579 shares during the period. Spectrum Wealth Counsel LLC bought a new stake in Kite Realty Group Trust in the 4th quarter valued at $101,000. Finally, Headlands Technologies LLC bought a new stake in Kite Realty Group Trust in the fourth quarter valued at about $116,000. 90.81% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
Several equities analysts recently issued reports on the stock. Piper Sandler reissued a "neutral" rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James dropped 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 report on Monday, March 10th. Jefferies Financial Group lowered 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 note on Thursday, January 2nd. Wells Fargo & Company lowered 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. Finally, JPMorgan Chase & Co. reduced their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a report on Wednesday, January 15th. Five investment 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, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.
View Our Latest Report on KRG
Kite Realty Group Trust Stock Up 1.0 %
Shares of Kite Realty Group Trust stock traded up $0.20 on Tuesday, reaching $20.79. 543,237 shares of the company were exchanged, compared to its average volume of 1,640,501. The company has a 50-day moving average of $22.08 and a 200 day moving average of $24.33. Kite Realty Group Trust has a one year low of $17.73 and a one year high of $28.24. The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 1,039.50, a PEG ratio of 3.57 and a beta of 1.05. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97.
Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating 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%. On average, equities research analysts forecast 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 disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.19%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.
About Kite Realty Group Trust
(
Free Report)
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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