Vanguard Group Inc. Buys 256,476 Shares of Kite Realty Group Trust (NYSE:KRG)

Vanguard Group Inc. grew its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 0.8% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 33,506,648 shares of the real estate investment trust's stock after purchasing an additional 256,476 shares during the period. Vanguard Group Inc. owned approximately 15.25% of Kite Realty Group Trust worth $845,708,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in KRG. Wilmington Savings Fund Society FSB bought a new stake in Kite Realty Group Trust in the third quarter worth $39,000. Versant Capital Management Inc boosted its stake in Kite Realty Group Trust by 551.7% in the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust's stock worth $62,000 after purchasing an additional 2,080 shares in the last quarter. Spectrum Wealth Counsel LLC purchased a new stake in Kite Realty Group Trust during the 4th quarter valued at about $101,000. GAMMA Investing LLC increased its stake in Kite Realty Group Trust by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust's stock valued at $121,000 after purchasing an additional 652 shares in the last quarter. Finally, Central Pacific Bank Trust Division lifted its stake in shares of Kite Realty Group Trust by 19.6% in the fourth quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust's stock worth $187,000 after buying an additional 1,210 shares in the last quarter. 90.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on KRG shares. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their price target for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. 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. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James reduced their price objective on 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. Finally, JPMorgan Chase & Co. decreased their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a "neutral" rating for the company in a research report on Wednesday, January 15th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kite Realty Group Trust currently has a consensus rating of "Moderate Buy" and an average target price of $27.88.

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Kite Realty Group Trust Stock Performance

KRG stock traded down $1.23 during trading on Thursday, reaching $21.64. The stock had a trading volume of 2,302,629 shares, compared to its average volume of 1,599,195. The firm has a market cap of $4.75 billion, a PE ratio of 1,081.75, a PEG ratio of 3.57 and a beta of 1.30. 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's 50 day moving average is $22.64 and its two-hundred day moving average is $24.74. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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%. As a group, equities analysts anticipate 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 will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a $0.27 dividend. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.99%. Kite Realty Group Trust's dividend payout ratio (DPR) is 5,400.00%.

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.