Mesirow Institutional Investment Management Inc. Grows Position in Kite Realty Group Trust (NYSE:KRG)

Mesirow Institutional Investment Management Inc. lifted its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 14.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 561,822 shares of the real estate investment trust's stock after acquiring an additional 73,043 shares during the period. Mesirow Institutional Investment Management Inc. owned 0.26% of Kite Realty Group Trust worth $14,180,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of KRG. Vanguard Group Inc. grew its position in Kite Realty Group Trust by 0.8% during the 4th quarter. Vanguard Group Inc. now owns 33,506,648 shares of the real estate investment trust's stock worth $845,708,000 after purchasing an additional 256,476 shares during the last quarter. JPMorgan Chase & Co. grew its holdings 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 worth $308,317,000 after buying an additional 2,308,613 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Kite Realty Group Trust by 2.0% during 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 buying an additional 73,926 shares during the last quarter. Norges Bank acquired a new position in Kite Realty Group Trust in the 4th quarter valued at about $91,335,000. Finally, Invesco Ltd. raised its stake in Kite Realty Group Trust by 36.5% during the 4th quarter. Invesco Ltd. now owns 2,972,981 shares of the real estate investment trust's stock valued at $75,038,000 after acquiring an additional 794,651 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

KRG traded up $0.29 on Wednesday, hitting $21.88. 3,097,690 shares of the company were exchanged, compared to its average volume of 1,639,993. Kite Realty Group Trust has a fifty-two week low of $18.52 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The firm has a market capitalization of $4.81 billion, a P/E ratio of 1,094.20, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05. The business's fifty day moving average is $21.83 and its 200 day moving average is $24.14.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released 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 return on equity of 0.12% and a net margin of 0.48%. As a group, sell-side analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th were paid a $0.27 dividend. The ex-dividend date of this dividend was Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.94%. Kite Realty Group Trust's payout ratio is 5,400.00%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on KRG. JPMorgan Chase & Co. lowered their target price 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. Jefferies Financial Group cut shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price objective for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. 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. Wells Fargo & Company dropped their price target 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. Finally, Raymond James cut their price target on shares of 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. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Kite Realty Group Trust currently has an average rating of "Moderate Buy" and an average 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.