LSV Asset Management Sells 195,500 Shares of Kite Realty Group Trust (NYSE:KRG)

LSV Asset Management trimmed its position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 16.7% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 977,500 shares of the real estate investment trust's stock after selling 195,500 shares during the period. LSV Asset Management owned approximately 0.44% of Kite Realty Group Trust worth $24,672,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of KRG. Wilmington Savings Fund Society FSB acquired a new position in shares of Kite Realty Group Trust in the 3rd quarter valued at $39,000. Versant Capital Management Inc raised its position in 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 worth $62,000 after purchasing an additional 2,080 shares in the last quarter. FIL Ltd grew its stake in shares of Kite Realty Group Trust by 19.8% in the 4th 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 position in shares of Kite Realty Group Trust during the 4th quarter worth approximately $101,000. Finally, Headlands Technologies LLC bought a new stake in Kite Realty Group Trust in the fourth quarter valued at $116,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

KRG has been the topic of several recent analyst reports. Wells Fargo & Company reduced their target price on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an "equal weight" rating on the stock in a research note on Wednesday, March 26th. 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. Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their target price for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Raymond James dropped their price objective on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating for the company in a research report on Monday, March 10th. Finally, Piper Sandler reissued a "neutral" rating and issued a $25.00 target price (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $27.88.

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Kite Realty Group Trust Trading Up 0.9 %

NYSE KRG traded up $0.19 on Tuesday, reaching $20.78. The company had a trading volume of 1,897,791 shares, compared to its average volume of 1,648,793. Kite Realty Group Trust has a 52 week low of $17.73 and a 52 week high of $28.24. The stock's 50 day moving average is $22.08 and its 200-day moving average is $24.33. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.57 billion, a price-to-earnings ratio of 1,039.20, a PEG ratio of 3.57 and a beta of 1.05.

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 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%. Equities analysts predict 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. Investors of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a yield of 5.20%. 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.