Stephens Inc. AR Cuts Position in Kite Realty Group Trust (NYSE:KRG)

Stephens Inc. AR trimmed its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 7.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 11,911 shares of the real estate investment trust’s stock after selling 893 shares during the quarter. Stephens Inc. AR’s holdings in Kite Realty Group Trust were worth $301,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Wilmington Savings Fund Society FSB purchased a new stake in shares of Kite Realty Group Trust during the 3rd quarter valued at $39,000. Strategic Investment Solutions Inc. IL purchased a new stake in Kite Realty Group Trust during the third quarter worth about $45,000. Versant Capital Management Inc raised its position in Kite Realty Group Trust by 551.7% in the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock worth $62,000 after acquiring an additional 2,080 shares during the period. GAMMA Investing LLC boosted its stake in Kite Realty Group Trust by 15.8% in the fourth quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock valued at $121,000 after acquiring an additional 652 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Kite Realty Group Trust by 100.2% during the 3rd quarter. Blue Trust Inc. now owns 6,633 shares of the real estate investment trust’s stock valued at $176,000 after acquiring an additional 3,319 shares during the period. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Down 3.6 %

Kite Realty Group Trust stock opened at $22.40 on Friday. The company has a debt-to-equity ratio of 0.97, a quick ratio of 3.08 and a current ratio of 3.08. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The stock has a market cap of $4.92 billion, a P/E ratio of -559.88, a PEG ratio of 3.63 and a beta of 1.27. The firm’s fifty day moving average price is $24.20 and its 200-day moving average price is $25.44.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a negative return on equity of 0.28% and a negative net margin of 1.18%. Equities research analysts forecast that Kite Realty Group Trust will post 2.06 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be paid a $0.27 dividend. This represents a $1.08 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio is currently -2,700.00%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the stock. Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price target for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird upped their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. KeyCorp lifted their price objective on Kite Realty Group Trust from $28.00 to $31.00 and gave the stock an “overweight” rating in a report on Tuesday, November 12th. 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 report on Thursday. Finally, JPMorgan Chase & Co. reduced their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Six 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 company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target 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.