Kite Realty Group Trust (NYSE:KRG) Shares Sold by Los Angeles Capital Management LLC

Los Angeles Capital Management LLC reduced its position in Kite Realty Group Trust (NYSE:KRG) by 40.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,971 shares of the real estate investment trust’s stock after selling 10,835 shares during the quarter. Los Angeles Capital Management LLC’s holdings in Kite Realty Group Trust were worth $403,000 at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in Kite Realty Group Trust by 432.7% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,361,062 shares of the real estate investment trust’s stock worth $36,150,000 after buying an additional 1,105,539 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Kite Realty Group Trust by 51.5% in the third quarter. Franklin Resources Inc. now owns 1,982,182 shares of the real estate investment trust’s stock worth $50,684,000 after acquiring an additional 673,976 shares in the last quarter. Eagle Asset Management Inc. purchased a new stake in shares of Kite Realty Group Trust during the third quarter worth about $7,486,000. Robeco Institutional Asset Management B.V. acquired a new position in shares of Kite Realty Group Trust during the fourth quarter valued at about $5,934,000. Finally, Barclays PLC raised its position in shares of Kite Realty Group Trust by 29.0% in the 3rd quarter. Barclays PLC now owns 946,501 shares of the real estate investment trust’s stock valued at $25,139,000 after purchasing an additional 212,983 shares during the last quarter. 90.81% of the stock is owned by institutional investors and hedge funds.

Kite Realty Group Trust Stock Up 1.7 %

Shares of KRG stock opened at $23.33 on Tuesday. Kite Realty Group Trust has a twelve month low of $19.64 and a twelve month high of $28.24. The stock has a market cap of $5.12 billion, a P/E ratio of 1,166.50, a P/E/G ratio of 3.57 and a beta of 1.27. The stock has a 50 day moving average of $23.45 and a 200 day moving average of $25.29. The company has a current ratio of 2.98, a quick ratio of 2.98 and a debt-to-equity ratio of 0.97.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate 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%. As a group, sell-side analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

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 given 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 4.63%. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 5,400.00%.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Robert W. Baird boosted their target price on shares of 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. Piper Sandler restated a “neutral” rating and issued a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. JPMorgan Chase & Co. dropped their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, January 15th. Wells Fargo & Company reduced their price objective 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. Finally, KeyCorp upped their target price on Kite Realty Group Trust from $28.00 to $31.00 and gave the company an “overweight” rating in a research report on Tuesday, November 12th. Five research 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 stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” 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.