Sei Investments Co. Has $15.71 Million Holdings in Kite Realty Group Trust (NYSE:KRG)

Sei Investments Co. grew its position in Kite Realty Group Trust (NYSE:KRG - Free Report) by 273.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 622,561 shares of the real estate investment trust's stock after acquiring an additional 455,972 shares during the quarter. Sei Investments Co. owned approximately 0.28% of Kite Realty Group Trust worth $15,713,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of KRG. EMC Capital Management increased its position in Kite Realty Group Trust by 4.9% in the fourth 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 period. Fifth Third Bancorp lifted its holdings in Kite Realty Group Trust by 2.6% in the 4th quarter. Fifth Third Bancorp now owns 18,436 shares of the real estate investment trust's stock valued at $465,000 after acquiring an additional 466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 buying an additional 483 shares in the last quarter. Arizona State Retirement System boosted its stake in shares of Kite Realty Group Trust by 0.8% during the 4th 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 boosted its position 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 valued at $3,255,000 after purchasing an additional 636 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

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Kite Realty Group Trust Stock Performance

Shares of NYSE KRG traded up $0.44 during trading hours on Wednesday, reaching $22.90. The stock had a trading volume of 1,235,046 shares, compared to its average volume of 1,595,817. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 1,145.00, a PEG ratio of 3.57 and a beta of 1.30. 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 business's fifty day moving average is $22.68 and its two-hundred day moving average is $24.76. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24.

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, research analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be issued a dividend of $0.27 per share. This represents a $1.08 annualized dividend and a dividend yield of 4.72%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust's payout ratio is 5,400.00%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in 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 report on Wednesday, January 15th. Piper Sandler restated a "neutral" rating and issued a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James lowered their target price on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a "strong-buy" rating on the stock in a research report on Monday, March 10th. 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 report on Wednesday, March 26th. Finally, Jefferies Financial Group lowered Kite Realty Group Trust from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $31.00 to $27.00 in a research note on Thursday, January 2nd. 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 stock. According to MarketBeat.com, Kite Realty Group Trust has an average rating of "Moderate Buy" and a consensus 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.