1 week Ago By ABMN Staff
California Public Employees Retirement System cut its stake in shares of Kite Realty Group Trust ( NYSE:KRG – Free Report ) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 364,090 shares of the real estate investment trust’s stock after selling 36,037 shares during the period.
California Public Employees Retirement System owned 0.17% of Kite Realty Group Trust worth $9,190,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Other institutional investors and hedge funds have also recently modified their holdings of the company.
Allstate Corp bought a new stake in Kite Realty Group Trust in the fourth quarter worth $1,402,000. Pictet Asset Management Holding SA lifted its holdings in shares of Kite Realty Group Trust by 4.7% in the 4th quarter.
Pictet Asset Management Holding SA now owns 68,580 shares of the real estate investment trust’s stock worth $1,731,000 after acquiring an additional 3,068 shares during the last quarter. Nomura Asset Management Co. Ltd.
lifted its holdings in shares of Kite Realty Group Trust by 0.7% in the 4th quarter. Nomura Asset Management Co.
Ltd. now owns 294,090 shares of the real estate investment trust’s stock worth $7,423,000 after acquiring an additional 2,090 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Kite Realty Group Trust during the 4th quarter worth about $2,399,000.
Finally, Norges Bank bought a new position in Kite Realty Group Trust during the 4th quarter valued at about $91,335,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.
Analyst Ratings Changes Several research analysts have issued reports on the company. Raymond James dropped their target price on Kite Realty Group Trust from $31.00 to $28.
00 and set a “strong-buy” rating for the company in a research report on Monday, March 10th. Wells Fargo & Company cut their price objective 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. Piper Sandler reissued a “neutral” rating and set a $25.00 target price (down from $33.
00) on shares of Kite Realty Group Trust in a research note on Thursday, February 13th. JPMorgan Chase & Co. reduced their price target on shares of 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. Finally, Jefferies Financial Group cut shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and lowered their price objective for the company from $31.
00 to $27.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company.
Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.88. Kite Realty Group Trust Trading Down 3.
6 % NYSE KRG opened at $20.82 on Monday. Kite Realty Group Trust has a one year low of $19.
64 and a one year high of $28.24. The company has a debt-to-equity ratio of 0.
97, a quick ratio of 2.98 and a current ratio of 2.98.
The company has a market capitalization of $4.57 billion, a price-to-earnings ratio of 1,040.75, a price-to-earnings-growth ratio of 3.
57 and a beta of 1.05. The company’s 50-day simple moving average is $22.
58 and its two-hundred day simple moving average is $24.67. Kite Realty Group Trust ( NYSE:KRG – Get Free Report ) last issued its quarterly earnings data on Tuesday, February 11th.
The real estate investment trust reported $0.53 earnings per share (EPS) 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%. Equities analysts forecast that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.
Kite Realty Group Trust Dividend Announcement The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 16th. Investors of record on Wednesday, April 9th will be paid a dividend of $0.27 per share.
This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.19%.
The ex-dividend date of this dividend is Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is currently 5,400.00%.
Kite Realty Group Trust Profile ( Free Report ) 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. Featured Stories Receive News & Ratings for Kite Realty Group Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Kite Realty Group Trust and related companies with MarketBeat.
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