46,770 Shares in Kite Realty Group Trust (NYSE:KRG) Acquired by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new position in shares of Kite Realty Group Trust (NYSE:KRG) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 46,770 shares of the real estate investment trust’s stock, valued at approximately $1,180,000.

Other institutional investors have also recently modified their holdings of the company. Eagle Asset Management Inc. acquired a new position in shares of Kite Realty Group Trust during the 3rd quarter worth approximately $7,486,000. Cerity Partners LLC raised its position in shares of Kite Realty Group Trust by 105.1% during the 3rd quarter. Cerity Partners LLC now owns 48,150 shares of the real estate investment trust’s stock worth $1,279,000 after purchasing an additional 24,679 shares during the last quarter. Versor Investments LP acquired a new position in shares of Kite Realty Group Trust during the 3rd quarter worth approximately $537,000. Vanderbilt University raised its position in shares of Kite Realty Group Trust by 115.2% during the 4th quarter. Vanderbilt University now owns 32,411 shares of the real estate investment trust’s stock worth $818,000 after purchasing an additional 17,348 shares during the last quarter. Finally, New York State Common Retirement Fund raised its position in shares of Kite Realty Group Trust by 18.6% during the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 17,015 shares during the last quarter. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Up 0.8 %

Shares of NYSE KRG opened at $22.45 on Friday. Kite Realty Group Trust has a 52-week low of $19.64 and a 52-week high of $28.24. The firm has a fifty day moving average of $23.23 and a 200-day moving average of $25.22. The stock has a market capitalization of $4.93 billion, a PE ratio of 1,122.30, a P/E/G ratio of 3.57 and a beta of 1.30. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly 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 net margin of 0.48% and a return on equity of 0.12%. On average, analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be given a dividend of $0.27 per share. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.81%. Kite Realty Group Trust’s dividend payout ratio (DPR) is 5,400.00%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. JPMorgan Chase & Co. cut their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group downgraded Kite Realty Group Trust from a “buy” rating to a “hold” rating and cut their price target for the company from $31.00 to $27.00 in a report on Thursday, January 2nd. Robert W. Baird boosted their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Friday, November 15th. 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 report on Wednesday, January 29th. Finally, Piper Sandler reiterated a “neutral” rating and issued a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Five 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. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $28.13.

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.