Kite Realty Group Trust $KRG Shares Sold by Intech Investment Management LLC

Intech Investment Management LLC lowered its position in Kite Realty Group Trust (NYSE:KRG) by 7.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 127,415 shares of the real estate investment trust’s stock after selling 10,520 shares during the quarter. Intech Investment Management LLC owned 0.06% of Kite Realty Group Trust worth $2,850,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Focus Partners Wealth lifted its holdings in Kite Realty Group Trust by 1.8% in the 1st quarter. Focus Partners Wealth now owns 179,956 shares of the real estate investment trust’s stock worth $4,026,000 after buying an additional 3,212 shares in the last quarter. Bayforest Capital Ltd lifted its holdings in Kite Realty Group Trust by 275.9% in the 1st quarter. Bayforest Capital Ltd now owns 10,118 shares of the real estate investment trust’s stock worth $226,000 after buying an additional 7,426 shares in the last quarter. Zimmer Partners LP acquired a new position in Kite Realty Group Trust in the 1st quarter worth $1,957,000. Caxton Associates LLP acquired a new position in Kite Realty Group Trust in the 1st quarter worth $1,031,000. Finally, Nissay Asset Management Corp Japan ADV lifted its holdings in Kite Realty Group Trust by 2.4% in the 1st quarter. Nissay Asset Management Corp Japan ADV now owns 32,956 shares of the real estate investment trust’s stock worth $737,000 after buying an additional 778 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Insider Buying and Selling at Kite Realty Group Trust

In related news, CEO John A. Kite sold 50,000 shares of the business’s stock in a transaction dated Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the completion of the sale, the chief executive officer owned 54,121 shares of the company’s stock, valued at $1,228,546.70. This represents a 48.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.00% of the stock is currently owned by corporate insiders.

Kite Realty Group Trust Price Performance

Shares of NYSE:KRG opened at $22.56 on Monday. The company has a quick ratio of 1.70, a current ratio of 1.70 and a debt-to-equity ratio of 0.91. Kite Realty Group Trust has a fifty-two week low of $18.51 and a fifty-two week high of $28.24. The firm has a 50-day simple moving average of $22.33 and a 200 day simple moving average of $22.18. The company has a market cap of $4.96 billion, a PE ratio of 28.55, a P/E/G ratio of 6.24 and a beta of 1.13.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, July 30th. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Kite Realty Group Trust had a net margin of 20.14% and a return on equity of 5.21%. The business had revenue of $211.18 million during the quarter, compared to the consensus estimate of $211.74 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.060-2.100 EPS. On average, sell-side analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be given a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 4.8%. The ex-dividend date of this dividend is Thursday, October 9th. Kite Realty Group Trust’s dividend payout ratio is currently 136.71%.

Wall Street Analyst Weigh In

KRG has been the topic of a number of recent analyst reports. Raymond James Financial cut their price objective on shares of Kite Realty Group Trust from $28.00 to $26.00 and set a “strong-buy” rating on the stock in a report on Friday, May 23rd. Wells Fargo & Company cut their target price on shares of Kite Realty Group Trust from $24.00 to $23.00 and set an “equal weight” rating on the stock in a research note on Wednesday, August 27th. LADENBURG THALM/SH SH assumed coverage on shares of Kite Realty Group Trust in a research note on Tuesday, September 9th. They issued a “buy” rating and a $30.00 target price on the stock. UBS Group assumed coverage on shares of Kite Realty Group Trust in a research note on Tuesday, July 1st. They issued a “neutral” rating and a $24.00 target price on the stock. Finally, Citigroup restated a “neutral” rating and issued a $24.00 target price (down previously from $28.00) on shares of Kite Realty Group Trust in a research note on Friday. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $26.50.

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.