Kite Realty Group Trust $KRG Position Trimmed by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC trimmed its stake in Kite Realty Group Trust (NYSE:KRG) by 28.3% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 124,376 shares of the real estate investment trust’s stock after selling 48,998 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Kite Realty Group Trust were worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Fifth Third Bancorp grew its stake in Kite Realty Group Trust by 46.2% in the second quarter. Fifth Third Bancorp now owns 24,330 shares of the real estate investment trust’s stock valued at $551,000 after purchasing an additional 7,686 shares in the last quarter. Capital Fund Management S.A. bought a new stake in shares of Kite Realty Group Trust in the 2nd quarter valued at approximately $1,882,000. Geode Capital Management LLC increased its holdings in Kite Realty Group Trust by 0.7% in the second quarter. Geode Capital Management LLC now owns 5,879,464 shares of the real estate investment trust’s stock worth $133,183,000 after buying an additional 40,017 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Kite Realty Group Trust by 1.7% during the second quarter. Charles Schwab Investment Management Inc. now owns 3,758,033 shares of the real estate investment trust’s stock valued at $85,119,000 after acquiring an additional 61,982 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in Kite Realty Group Trust by 24.3% in the second quarter. Envestnet Asset Management Inc. now owns 245,468 shares of the real estate investment trust’s stock valued at $5,560,000 after acquiring an additional 48,003 shares during the last quarter. 90.81% of the stock is owned by hedge funds and other institutional investors.

Kite Realty Group Trust Stock Performance

KRG opened at $23.36 on Tuesday. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $24.54. The firm has a market capitalization of $5.06 billion, a P/E ratio of 36.49, a price-to-earnings-growth ratio of 5.90 and a beta of 0.89. The stock’s 50 day moving average price is $23.12 and its two-hundred day moving average price is $22.61. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.93.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.51 by $0.01. Kite Realty Group Trust had a net margin of 16.34% and a return on equity of 4.27%. The business had revenue of $205.06 million for the quarter, compared to the consensus estimate of $208.82 million. Kite Realty Group Trust has set its FY 2025 guidance at 2.090-2.110 EPS. On average, equities analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Friday, January 9th will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 5.0%. The ex-dividend date is Friday, January 9th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.27. Kite Realty Group Trust’s payout ratio is presently 181.25%.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Raymond James Financial lowered shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research note on Tuesday, November 11th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $24.00 price target (up previously from $23.00) on shares of Kite Realty Group Trust in a research report on Monday, December 15th. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research note on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kite Realty Group Trust in a research report on Monday, December 29th. Finally, Wells Fargo & Company raised shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $25.00 in a research report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $25.63.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust that specializes in the ownership, development and management of open-air retail real estate. Headquartered in Indianapolis, Indiana, the company focuses on acquiring, developing and operating community and neighborhood shopping centers, as well as mixed-use properties that accommodate national, regional and local retailers.

Established in 1994, Kite Realty has grown its portfolio through strategic development projects, targeted acquisitions and selective dispositions.