Kite Realty Group Trust (NYSE:KRG) Shares Sold by Rhumbline Advisers

Rhumbline Advisers decreased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 0.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 790,912 shares of the real estate investment trust’s stock after selling 1,381 shares during the quarter. Rhumbline Advisers owned 0.36% of Kite Realty Group Trust worth $19,963,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new stake in Kite Realty Group Trust during the 3rd quarter worth $39,000. Strategic Investment Solutions Inc. IL acquired a new stake in Kite Realty Group Trust during the 3rd quarter worth $45,000. Versant Capital Management Inc boosted its stake in Kite Realty Group Trust by 551.7% during 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 during the last quarter. GAMMA Investing LLC raised its holdings in shares of 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 worth $121,000 after acquiring an additional 652 shares during the period. Finally, Blue Trust Inc. raised its holdings 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 worth $176,000 after acquiring an additional 3,319 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Performance

Shares of KRG opened at $22.18 on Friday. The stock has a 50 day moving average price of $23.87 and a 200 day moving average price of $25.37. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The company has a market capitalization of $4.87 billion, a price-to-earnings ratio of 1,108.85, a price-to-earnings-growth ratio of 3.61 and a beta of 1.27. 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) last issued its quarterly earnings data on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating analysts’ consensus estimates 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%. Research analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders 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 4.87%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio is currently 5,400.00%.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Piper Sandler reiterated a “neutral” rating and set a $25.00 price target (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Wells Fargo & Company reduced their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a report on Wednesday, January 29th. Robert W. Baird boosted their price objective on shares of Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, November 15th. JPMorgan Chase & Co. dropped 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. Finally, Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their target price for the company from $31.00 to $27.00 in a research report on Thursday, January 2nd. Six investment analysts have rated the stock with a hold rating, two have given 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 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.