Kite Realty Group Trust (NYSE:KRG) Shares Sold by Uniplan Investment Counsel Inc.

Uniplan Investment Counsel Inc. trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,303,231 shares of the real estate investment trust's stock after selling 21,919 shares during the quarter. Kite Realty Group Trust accounts for approximately 3.1% of Uniplan Investment Counsel Inc.'s holdings, making the stock its 5th biggest holding. Uniplan Investment Counsel Inc. owned approximately 0.59% of Kite Realty Group Trust worth $32,894,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Kite Realty Group Trust in the 4th quarter worth about $91,335,000. Centersquare Investment Management LLC bought a new stake in Kite Realty Group Trust in the fourth quarter worth about $64,403,000. JPMorgan Chase & Co. boosted its position in shares of Kite Realty Group Trust by 23.3% during the fourth quarter. JPMorgan Chase & Co. now owns 12,215,421 shares of the real estate investment trust's stock valued at $308,317,000 after buying an additional 2,308,613 shares during the period. Aew Capital Management L P bought a new position in shares of Kite Realty Group Trust during the fourth quarter valued at approximately $31,663,000. Finally, Invesco Ltd. raised its holdings in shares of Kite Realty Group Trust by 36.5% in the fourth quarter. Invesco Ltd. now owns 2,972,981 shares of the real estate investment trust's stock worth $75,038,000 after buying an additional 794,651 shares during the period. Institutional investors own 90.81% of the company's stock.

Kite Realty Group Trust Stock Down 0.2 %

Shares of NYSE:KRG traded down $0.04 on Friday, reaching $21.84. The company had a trading volume of 1,469,045 shares, compared to its average volume of 1,641,957. The firm has a market capitalization of $4.80 billion, a PE ratio of 1,092.00, 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 has a 52-week low of $18.52 and a 52-week high of $28.24. The firm's 50 day simple moving average is $21.79 and its 200-day simple moving average is $24.07.

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 EPS for the quarter, topping analysts' consensus estimates 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%. As a group, analysts expect that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were paid a $0.27 dividend. The ex-dividend date was Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.95%. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.

Analyst Ratings Changes

A number of research firms recently issued reports on KRG. Wells Fargo & Company dropped their price objective 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, March 26th. Piper Sandler reissued a "neutral" rating and set a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price target for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. lowered their price objective on shares of 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. Finally, Raymond James dropped their target price 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 note on Monday, March 10th. Five research 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 currently has a consensus rating of "Moderate Buy" and a consensus price target of $27.88.

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.