Kite Realty Group Trust (NYSE:KRG) Shares Bought by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC raised its stake in Kite Realty Group Trust (NYSE:KRGGet Rating) by 2.0% in the first quarter, HoldingsChannel.com reports. The fund owned 199,720 shares of the real estate investment trust’s stock after buying an additional 3,906 shares during the quarter. Mutual of America Capital Management LLC’s holdings in Kite Realty Group Trust were worth $4,548,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Parallel Advisors LLC acquired a new position in shares of Kite Realty Group Trust during the fourth quarter worth approximately $69,000. AE Wealth Management LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $544,000. New York State Teachers Retirement System lifted its position in Kite Realty Group Trust by 25.7% in the fourth quarter. New York State Teachers Retirement System now owns 237,859 shares of the real estate investment trust’s stock worth $5,181,000 after purchasing an additional 48,634 shares during the period. Signaturefd LLC acquired a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $252,000. Finally, Lincoln National Corp acquired a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $287,000. 90.42% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. Barclays cut their target price on Kite Realty Group Trust from $29.00 to $28.00 and set an “overweight” rating for the company in a research report on Friday, July 15th. Piper Sandler dropped their price target on Kite Realty Group Trust to $25.00 in a report on Monday, July 4th. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Thursday, June 30th. Compass Point dropped their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “buy” rating on the stock in a report on Wednesday, June 22nd. Finally, StockNews.com assumed coverage on Kite Realty Group Trust in a report on Thursday, March 31st. They issued a “sell” rating on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $26.00.

Kite Realty Group Trust Trading Up 1.4 %

NYSE KRG opened at $18.96 on Tuesday. Kite Realty Group Trust has a 1-year low of $16.68 and a 1-year high of $23.35. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.81. The company has a market capitalization of $4.15 billion, a PE ratio of -27.88, a price-to-earnings-growth ratio of 1.15 and a beta of 1.30. The firm’s fifty day simple moving average is $18.82 and its 200-day simple moving average is $20.80.

Kite Realty Group Trust (NYSE:KRGGet Rating) last posted its quarterly earnings results on Thursday, April 28th. The real estate investment trust reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by ($0.48). Kite Realty Group Trust had a negative return on equity of 4.77% and a negative net margin of 24.52%. During the same quarter last year, the company earned $0.34 earnings per share. As a group, sell-side analysts anticipate that Kite Realty Group Trust will post 1.79 earnings per share for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 8th were issued a $0.21 dividend. The ex-dividend date was Thursday, July 7th. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.20. This represents a $0.84 dividend on an annualized basis and a yield of 4.43%. Kite Realty Group Trust’s dividend payout ratio is currently -123.53%.

Kite Realty Group Trust Company Profile

(Get Rating)

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to retailers in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

See Also

Want to see what other hedge funds are holding KRG? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Kite Realty Group Trust (NYSE:KRGGet Rating).

Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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