Renaissance Technologies LLC Acquires 345,293 Shares of Kite Realty Group Trust (NYSE:KRG)

Renaissance Technologies LLC lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 63.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 885,596 shares of the real estate investment trust's stock after purchasing an additional 345,293 shares during the period. Renaissance Technologies LLC owned about 0.40% of Kite Realty Group Trust worth $22,352,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently added to or reduced their stakes in the business. Proficio Capital Partners LLC acquired a new position in Kite Realty Group Trust during the 4th quarter valued at about $1,180,000. Charles Schwab Investment Management Inc. raised its holdings in 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 valued at $94,039,000 after buying an additional 73,926 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Kite Realty Group Trust in the 4th quarter valued at $19,632,000. New York State Common Retirement Fund increased its position in Kite Realty Group Trust by 18.6% in the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust's stock worth $2,741,000 after buying an additional 17,015 shares during the period. Finally, Aew Capital Management L P bought a new stake in Kite Realty Group Trust in the 4th quarter valued at $31,663,000. Institutional investors own 90.81% of the company's stock.

Wall Street Analysts Forecast Growth

KRG has been the subject of several recent research reports. Wells Fargo & Company cut their price target 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. JPMorgan Chase & Co. decreased their price objective on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating on the stock in a research report on Wednesday, January 15th. Raymond James decreased 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. Piper Sandler reaffirmed 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 report on Thursday, February 13th. Finally, Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and decreased their price objective for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Kite Realty Group Trust presently has a consensus rating of "Moderate Buy" and an average price target of $27.88.

Kite Realty Group Trust Stock Up 1.5 %

Shares of NYSE:KRG traded up $0.32 during mid-day trading on Friday, hitting $21.36. 2,202,802 shares of the company traded hands, compared to its average volume of 1,645,087. Kite Realty Group Trust has a 12-month low of $18.52 and a 12-month high of $28.24. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97. The stock has a market cap of $4.69 billion, a P/E ratio of 1,067.80, a P/E/G ratio of 3.57 and a beta of 1.05. The stock has a 50-day moving average price of $21.94 and a two-hundred day moving average price of $24.25.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued its quarterly earnings results 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 net margin of 0.48% and a return on equity of 0.12%. On average, equities research analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend and a dividend yield of 5.06%. The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust's dividend payout ratio (DPR) is 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.