Optiver Holding B.V. Purchases 467 Shares of Kite Realty Group Trust (NYSE:KRG)

Optiver Holding B.V. increased its holdings in Kite Realty Group Trust (NYSE:KRG) by 19.9% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,813 shares of the real estate investment trust’s stock after purchasing an additional 467 shares during the period. Optiver Holding B.V.’s holdings in Kite Realty Group Trust were worth $71,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Proficio Capital Partners LLC purchased a new position in Kite Realty Group Trust in the fourth quarter worth about $1,180,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Kite Realty Group Trust by 2.0% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust’s stock worth $94,039,000 after purchasing an additional 73,926 shares during the period. Raymond James Financial Inc. bought a new position in shares of Kite Realty Group Trust during the 4th quarter valued at approximately $19,632,000. New York State Common Retirement Fund raised its holdings in Kite Realty Group Trust by 18.6% during the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust’s stock valued at $2,741,000 after buying an additional 17,015 shares during the period. Finally, Aew Capital Management L P bought a new stake in Kite Realty Group Trust in the fourth quarter worth $31,663,000. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on KRG shares. Jefferies Financial Group downgraded shares of Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their target price for the company from $31.00 to $27.00 in a research note on Thursday, January 2nd. JPMorgan Chase & Co. dropped 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 report on Wednesday, January 15th. 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 report on Wednesday, March 26th. 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 report on Thursday, February 13th. Finally, Raymond James reduced their target price 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 investment 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. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $27.88.

Kite Realty Group Trust Stock Performance

KRG stock opened at $21.56 on Wednesday. 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 has a 1-year low of $18.52 and a 1-year high of $28.24. The business has a 50-day moving average price of $21.77 and a 200 day moving average price of $24.01. The company has a market capitalization of $4.74 billion, a P/E ratio of 1,078.00, a PEG 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 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%. As a group, equities research 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 declared a quarterly dividend, which was paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th were given a $0.27 dividend. This represents a $1.08 annualized dividend 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%.

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.