Dimensional Fund Advisors LP Sells 25,856 Shares of Kite Realty Group Trust (NYSE:KRG)

Dimensional Fund Advisors LP lowered its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 0.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,262,854 shares of the real estate investment trust’s stock after selling 25,856 shares during the quarter. Dimensional Fund Advisors LP owned 1.49% of Kite Realty Group Trust worth $82,353,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new stake in Kite Realty Group Trust during the third quarter valued at about $39,000. Versant Capital Management Inc raised its holdings in shares of Kite Realty Group Trust by 551.7% during the 4th quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock valued at $62,000 after buying an additional 2,080 shares in the last quarter. FIL Ltd lifted its position in 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 buying an additional 579 shares during the last quarter. Spectrum Wealth Counsel LLC bought a new stake in Kite Realty Group Trust in the 4th quarter worth approximately $101,000. Finally, Headlands Technologies LLC purchased a new stake in Kite Realty Group Trust in the fourth quarter worth approximately $116,000. 90.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the stock. Piper Sandler restated a “neutral” rating and issued a $25.00 price objective (down from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Wells Fargo & Company reduced 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 note on Wednesday, March 26th. JPMorgan Chase & Co. lowered their target price on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, January 15th. Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their price target for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Finally, Raymond James decreased their price target on Kite Realty Group Trust from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research note on Monday, March 10th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $27.88.

Kite Realty Group Trust Trading Down 1.4 %

KRG opened at $21.56 on Wednesday. The firm has a market capitalization of $4.74 billion, a price-to-earnings ratio of 1,078.00, a PEG ratio of 3.57 and a beta of 1.05. Kite Realty Group Trust has a one year low of $18.52 and a one year high of $28.24. The business has a 50 day simple moving average of $21.77 and a two-hundred day simple moving average of $24.01. The company has a debt-to-equity ratio of 0.97, a current ratio of 2.98 and a quick ratio of 2.98.

Kite Realty Group Trust (NYSE:KRG) last announced its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a return on equity of 0.12% and a net margin of 0.48%. Analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were paid a dividend of $0.27 per share. This represents a $1.08 dividend on an annualized basis and a dividend yield of 5.01%. The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust’s payout ratio is 5,400.00%.

About Kite Realty Group Trust

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.