Kite Realty Group Trust (NYSE:KRG) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. lifted its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 0.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 318,625 shares of the real estate investment trust’s stock after purchasing an additional 1,387 shares during the period. Asset Management One Co. Ltd. owned approximately 0.15% of Kite Realty Group Trust worth $7,982,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Creative Planning boosted its stake in shares of Kite Realty Group Trust by 8.1% during the 3rd quarter. Creative Planning now owns 21,784 shares of the real estate investment trust’s stock worth $579,000 after acquiring an additional 1,634 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd raised its holdings in shares of Kite Realty Group Trust by 12.6% in the 3rd quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 43,107 shares of the real estate investment trust’s stock worth $1,145,000 after buying an additional 4,828 shares in the last quarter. Blue Trust Inc. grew its position in 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 last quarter. Capital Investment Advisors LLC bought a new stake in Kite Realty Group Trust during the 3rd quarter worth approximately $204,000. Finally, Raymond James & Associates boosted its position in Kite Realty Group Trust by 5.8% in the 3rd quarter. Raymond James & Associates now owns 138,286 shares of the real estate investment trust’s stock valued at $3,673,000 after buying an additional 7,554 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $22.40 on Tuesday. The business’s 50 day moving average price is $24.11 and its two-hundred day moving average price is $25.43. The company has a market cap of $4.92 billion, a PE ratio of -559.88, a price-to-earnings-growth ratio of 3.63 and a beta of 1.27. The company has a quick ratio of 3.08, a current ratio of 3.08 and a debt-to-equity ratio of 0.97. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating the consensus estimate 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%. On average, analysts predict that Kite Realty Group Trust will post 2.06 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The business 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. This represents a $1.08 dividend on an annualized basis and a yield of 4.82%. The ex-dividend date is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio is currently -2,700.00%.

Analyst Ratings Changes

Several research firms have recently issued reports on KRG. Robert W. Baird raised their price target on Kite Realty Group Trust from $26.00 to $29.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. KeyCorp lifted their price target on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research note on Tuesday, November 12th. Wells Fargo & Company lowered their target price on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating on the stock in a research report on Wednesday, January 29th. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and dropped their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Finally, Piper Sandler reiterated a “neutral” rating and set a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. 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. Based on data from MarketBeat, the stock has a consensus 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.