Natixis Advisors LLC Raises Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

Natixis Advisors LLC grew its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 103.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 140,813 shares of the real estate investment trust's stock after purchasing an additional 71,671 shares during the period. Natixis Advisors LLC owned about 0.06% of Kite Realty Group Trust worth $3,554,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in KRG. Geode Capital Management LLC lifted its stake in shares of Kite Realty Group Trust by 0.8% in the 3rd quarter. Geode Capital Management LLC now owns 5,679,153 shares of the real estate investment trust's stock valued at $150,865,000 after purchasing an additional 43,015 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Kite Realty Group Trust by 2.0% in the fourth 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 acquiring an additional 73,926 shares during the period. Franklin Resources Inc. boosted its stake 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 acquiring an additional 673,976 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Kite Realty Group Trust by 432.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust's stock valued at $36,150,000 after acquiring an additional 1,105,539 shares during the period. Finally, Aew Capital Management L P purchased a new stake in shares of Kite Realty Group Trust in the fourth quarter valued at approximately $31,663,000. Institutional investors and hedge funds own 90.81% of the company's stock.

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Analyst Upgrades and Downgrades

A number of research firms have recently commented on KRG. JPMorgan Chase & Co. cut their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research note on Wednesday, January 15th. Piper Sandler reiterated 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 reduced their target price on Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating for the company in a report on Wednesday. Raymond James lowered their price target on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research note on Monday, March 10th. Finally, Jefferies Financial Group downgraded Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price objective for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $27.88.

Kite Realty Group Trust Trading Up 0.6 %

NYSE KRG traded up $0.14 on Wednesday, reaching $22.66. 1,225,243 shares of the company were exchanged, compared to its average volume of 1,993,487. 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 business's fifty day moving average price is $22.76 and its 200 day moving average price is $24.91. The stock has a market capitalization of $4.98 billion, a P/E ratio of 1,132.75, a price-to-earnings-growth ratio of 3.57 and a beta of 1.30. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24.

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 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%. 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 company 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 dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.77%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is presently 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.