William Blair Investment Management LLC Reduces Stock Holdings in Kite Realty Group Trust (NYSE:KRG)

William Blair Investment Management LLC cut its holdings in shares of Kite Realty Group Trust (NYSE:KRG - Free Report) by 10.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,702,276 shares of the real estate investment trust's stock after selling 198,898 shares during the period. William Blair Investment Management LLC owned approximately 0.77% of Kite Realty Group Trust worth $42,965,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. EMC Capital Management boosted its holdings 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 purchasing an additional 447 shares during the last quarter. Fifth Third Bancorp boosted its stake in shares of 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 worth $465,000 after buying an additional 466 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Kite Realty Group Trust by 0.5% in 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 increased its position in Kite Realty Group Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust's stock valued at $1,609,000 after acquiring an additional 516 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its holdings in Kite Realty Group Trust by 0.5% in the fourth 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 period. 90.81% of the stock is currently owned by institutional investors.

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Kite Realty Group Trust Price Performance

Shares of KRG stock traded down $0.30 during trading hours on Friday, hitting $22.12. The stock had a trading volume of 2,813,138 shares, compared to its average volume of 2,027,643. The stock's 50-day moving average price is $22.78 and its two-hundred day moving average price is $24.99. Kite Realty Group Trust has a one year low of $19.64 and a one year high of $28.24. The stock has a market capitalization of $4.86 billion, a price-to-earnings ratio of 1,105.75, 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.

Kite Realty Group Trust (NYSE:KRG - Get Free Report) last issued 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%. Equities analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be issued a $0.27 dividend. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.88%. Kite Realty Group Trust's dividend payout ratio (DPR) is presently 5,400.00%.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on KRG shares. Wells Fargo & Company cut their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an "equal weight" rating for the company in a research note on Wednesday, January 29th. Raymond James lowered 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 research report on Monday, March 10th. JPMorgan Chase & Co. reduced their price target 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. Piper Sandler reaffirmed a "neutral" rating and set a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Finally, Jefferies Financial Group lowered shares of Kite Realty Group Trust from a "buy" rating to a "hold" rating and reduced their target price for the stock from $31.00 to $27.00 in a report 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. Based on data from MarketBeat.com, the stock presently has an average 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.