Mutual of America Capital Management LLC Grows Position in Kite Realty Group Trust (NYSE:KRG)

Mutual of America Capital Management LLC increased its stake in Kite Realty Group Trust (NYSE:KRG - Free Report) by 28.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 389,659 shares of the real estate investment trust's stock after purchasing an additional 86,639 shares during the quarter. Mutual of America Capital Management LLC owned 0.18% of Kite Realty Group Trust worth $9,835,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. EMC Capital Management boosted its stake in shares of Kite Realty Group Trust by 4.9% in the 4th quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock worth $242,000 after buying an additional 447 shares during the last quarter. Fifth Third Bancorp grew its stake in shares of Kite Realty Group Trust by 2.6% during the 4th quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock valued at $465,000 after purchasing an additional 466 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Kite Realty Group Trust by 0.5% during the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust's stock valued at $2,554,000 after purchasing an additional 483 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in shares of Kite Realty Group Trust by 0.5% in the 4th quarter. State of Alaska Department of Revenue now owns 129,014 shares of the real estate investment trust's stock worth $3,255,000 after purchasing an additional 636 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in shares of Kite Realty Group Trust by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock worth $121,000 after buying an additional 652 shares during the last quarter. Institutional investors own 90.81% of the company's stock.

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Kite Realty Group Trust Trading Down 0.2 %

Shares of KRG traded down $0.06 during mid-day trading on Wednesday, reaching $22.72. 1,455,094 shares of the company's stock traded hands, compared to its average volume of 1,520,132. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The stock's 50-day moving average is $23.34 and its two-hundred day moving average is $25.26. Kite Realty Group Trust has a 12 month low of $19.64 and a 12 month high of $28.24. The stock has a market cap of $4.99 billion, a P/E ratio of 1,135.75, a P/E/G ratio of 3.57 and a beta of 1.30.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last released its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts' consensus estimates 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%. Research analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company 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 $0.27 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 annualized dividend and a yield of 4.75%. Kite Realty Group Trust's dividend payout ratio (DPR) is currently 5,400.00%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on KRG. JPMorgan Chase & Co. cut their price target on 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. Wells Fargo & Company dropped their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a report on Wednesday, January 29th. KeyCorp lifted their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an "overweight" rating in a report on Tuesday, November 12th. Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price target for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. Finally, Piper Sandler reaffirmed a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and a consensus target price of $28.13.

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.