Kapitalo Investimentos Ltda Takes Position in Kite Realty Group Trust (NYSE:KRG)

Kapitalo Investimentos Ltda bought a new stake in Kite Realty Group Trust (NYSE:KRG) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 8,922 shares of the real estate investment trust’s stock, valued at approximately $225,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of KRG. Wilmington Savings Fund Society FSB purchased a new position in shares of Kite Realty Group Trust during the third quarter worth about $39,000. Versant Capital Management Inc boosted its position in shares of Kite Realty Group Trust by 551.7% in 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 purchasing an additional 2,080 shares during the period. Optiver Holding B.V. grew its stake in 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. FIL Ltd grew its stake in 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 buying an additional 579 shares during the last quarter. Finally, Spectrum Wealth Counsel LLC acquired a new position in Kite Realty Group Trust during the fourth quarter worth approximately $101,000. 90.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James decreased 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 report on Monday, March 10th. Wells Fargo & Company decreased their price objective on Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 26th. JPMorgan Chase & Co. decreased their price target on Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Jefferies Financial Group lowered 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. Finally, Piper Sandler restated a “neutral” rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a research report on Thursday, February 13th. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $27.88.

Kite Realty Group Trust Stock Down 1.4 %

Shares of NYSE KRG opened at $21.56 on Wednesday. The company has a quick ratio of 2.98, a current ratio of 2.98 and a debt-to-equity ratio of 0.97. The firm has a 50-day moving average price of $21.77 and a 200 day moving average price of $24.01. Kite Realty Group Trust has a 52 week low of $18.52 and a 52 week high of $28.24. The stock has a market capitalization of $4.74 billion, a price-to-earnings ratio of 1,078.00, a price-to-earnings-growth ratio of 3.57 and a beta of 1.05.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th were issued a $0.27 dividend. This represents a $1.08 annualized dividend and a yield of 5.01%. The ex-dividend date of this dividend was Wednesday, April 9th. Kite Realty Group Trust’s dividend payout ratio (DPR) is 5,400.00%.

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.