95,056 Shares in Kite Realty Group Trust (NYSE:KRG) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC bought a new position in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 95,056 shares of the real estate investment trust's stock, valued at approximately $2,399,000.

A number of other institutional investors have also recently added to or reduced their stakes in KRG. EMC Capital Management increased its position in shares of Kite Realty Group Trust by 4.9% during the 4th quarter. EMC Capital Management now owns 9,600 shares of the real estate investment trust's stock valued at $242,000 after purchasing an additional 447 shares during the period. Fifth Third Bancorp grew its holdings in Kite Realty Group Trust by 2.6% during the fourth quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock worth $465,000 after acquiring an additional 466 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Kite Realty Group Trust by 0.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 96,141 shares of the real estate investment trust's stock worth $2,554,000 after acquiring an additional 483 shares during the period. Arizona State Retirement System raised its position in Kite Realty Group Trust by 0.8% in the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock worth $1,609,000 after acquiring an additional 516 shares in the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in 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 valued at $3,255,000 after acquiring an additional 636 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

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Kite Realty Group Trust Stock Down 4.8 %

Shares of KRG traded down $1.10 during mid-day trading on Thursday, reaching $21.76. The company's stock had a trading volume of 458,188 shares, compared to its average volume of 1,591,633. The company has a market cap of $4.78 billion, a price-to-earnings ratio of 1,088.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.30. The business has a fifty day moving average of $22.68 and a 200 day moving average of $24.76. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a 1 year low of $19.64 and a 1 year high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last announced its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping 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, 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 business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a yield of 4.96%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is presently 5,400.00%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on KRG shares. 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 on the stock in a research note on Wednesday, January 15th. Jefferies Financial Group cut 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 report on Thursday, January 2nd. Piper Sandler reissued a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. Raymond James decreased their target price on Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a report on Monday, March 10th. Finally, 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, March 26th. Five analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $27.88.

About Kite Realty Group Trust

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.