Kite Realty Group Trust (NYSE:KRG) Shares Bought by Captrust Financial Advisors

Captrust Financial Advisors lifted its position in shares of Kite Realty Group Trust (NYSE:KRG) by 3.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 18,214 shares of the real estate investment trust’s stock after buying an additional 613 shares during the period. Captrust Financial Advisors’ holdings in Kite Realty Group Trust were worth $460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Optiver Holding B.V. increased its stake in Kite Realty Group Trust by 19.9% during the fourth quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust’s stock worth $71,000 after acquiring an additional 467 shares during the last quarter. FIL Ltd grew its holdings in shares of Kite Realty Group Trust by 19.8% during the 4th quarter. FIL Ltd now owns 3,500 shares of the real estate investment trust’s stock worth $88,000 after purchasing an additional 579 shares during the period. Spectrum Wealth Counsel LLC acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter worth about $101,000. Headlands Technologies LLC purchased a new stake in Kite Realty Group Trust in the 4th quarter valued at about $116,000. Finally, KBC Group NV lifted its position in Kite Realty Group Trust by 38.4% in the fourth quarter. KBC Group NV now owns 8,210 shares of the real estate investment trust’s stock valued at $207,000 after buying an additional 2,277 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Piper Sandler reiterated a “neutral” rating and set a $25.00 price target (down from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Wells Fargo & Company decreased their price target on Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research note on Wednesday, March 26th. Finally, Raymond James dropped their price objective on Kite Realty Group Trust from $31.00 to $28.00 and set a “strong-buy” rating for the company in a research note on Monday, March 10th. Five investment analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.88.

Kite Realty Group Trust Price Performance

Shares of NYSE KRG opened at $23.02 on Tuesday. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98. The company has a market cap of $5.06 billion, a price-to-earnings ratio of 1,151.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.10. The stock’s 50-day moving average is $21.82 and its two-hundred day moving average is $23.66. Kite Realty Group Trust has a 1-year low of $18.52 and a 1-year high of $28.24.

Kite Realty Group Trust (NYSE:KRG) last issued its earnings results on Tuesday, April 29th. The real estate investment trust reported $0.53 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.02. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. The firm had revenue of $221.76 million for the quarter, compared to analysts’ expectations of $211.07 million. Analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 16th. Investors of record on Wednesday, July 9th will be issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.69%. The ex-dividend date of this dividend is Wednesday, July 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 1,542.86%.

Kite Realty Group Trust Company 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.