Yousif Capital Management LLC Trims Stock Position in Kite Realty Group Trust (NYSE:KRG)

Yousif Capital Management LLC decreased its holdings in Kite Realty Group Trust (NYSE:KRG) by 2.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 75,377 shares of the real estate investment trust’s stock after selling 2,002 shares during the quarter. Yousif Capital Management LLC’s holdings in Kite Realty Group Trust were worth $1,686,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of KRG. Optiver Holding B.V. increased its holdings in shares of Kite Realty Group Trust by 19.9% during the 4th quarter. Optiver Holding B.V. now owns 2,813 shares of the real estate investment trust’s stock worth $71,000 after buying an additional 467 shares during the last quarter. Arizona State Retirement System grew its position in Kite Realty Group Trust by 0.8% during the fourth quarter. Arizona State Retirement System now owns 63,750 shares of the real estate investment trust’s stock valued at $1,609,000 after acquiring an additional 516 shares during the period. Nissay Asset Management Corp Japan ADV increased its stake in Kite Realty Group Trust by 1.8% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 32,178 shares of the real estate investment trust’s stock worth $806,000 after acquiring an additional 556 shares during the last quarter. FIL Ltd raised its holdings in shares of Kite Realty Group Trust by 19.8% in 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. Finally, IHT Wealth Management LLC raised its holdings in shares of Kite Realty Group Trust by 3.3% in the 4th quarter. IHT Wealth Management LLC now owns 18,489 shares of the real estate investment trust’s stock worth $467,000 after purchasing an additional 582 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Stock Performance

Shares of KRG stock opened at $22.32 on Tuesday. Kite Realty Group Trust has a fifty-two week low of $18.52 and a fifty-two week high of $28.24. The stock’s 50-day moving average is $21.95 and its two-hundred day moving average is $22.95. 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 firm has a market cap of $4.91 billion, a P/E ratio of 1,116.15, a PEG ratio of 3.57 and a beta of 1.11.

Kite Realty Group Trust (NYSE:KRG) last posted 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 return on equity of 0.12% and a net margin of 0.48%. The company had revenue of $221.76 million for the quarter, compared to analyst estimates of $211.07 million. Analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 16th. Shareholders of record on Wednesday, July 9th will be given a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 4.84%. The ex-dividend date is Wednesday, July 9th. Kite Realty Group Trust’s dividend payout ratio is currently 1,542.86%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KRG shares. Raymond James decreased their target price on Kite Realty Group Trust from $28.00 to $26.00 and set a “strong-buy” rating for the company in a research report on Friday, May 23rd. Wells Fargo & Company reduced 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 report on Wednesday, March 26th. Finally, Wall Street Zen raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating in a research report on Friday, June 6th. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Kite Realty Group Trust currently has an average rating of “Moderate Buy” and an average price target of $27.63.

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.