Fuller & Thaler Asset Management Inc. Has $130.62 Million Stock Position in Kite Realty Group Trust $KRG

Fuller & Thaler Asset Management Inc. lifted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 8.5% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 5,838,842 shares of the real estate investment trust’s stock after buying an additional 459,752 shares during the period. Fuller & Thaler Asset Management Inc. owned about 2.66% of Kite Realty Group Trust worth $130,615,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Algert Global LLC raised its holdings in shares of Kite Realty Group Trust by 88.5% during the 1st quarter. Algert Global LLC now owns 541,567 shares of the real estate investment trust’s stock worth $12,115,000 after buying an additional 254,258 shares in the last quarter. State of New Jersey Common Pension Fund D raised its holdings in shares of Kite Realty Group Trust by 6.3% during the 1st quarter. State of New Jersey Common Pension Fund D now owns 253,446 shares of the real estate investment trust’s stock worth $5,670,000 after buying an additional 15,089 shares in the last quarter. Aberdeen Group plc raised its holdings in shares of Kite Realty Group Trust by 5.6% during the 1st quarter. Aberdeen Group plc now owns 75,085 shares of the real estate investment trust’s stock worth $1,680,000 after buying an additional 3,999 shares in the last quarter. Fox Run Management L.L.C. raised its holdings in shares of Kite Realty Group Trust by 79.6% during the 1st quarter. Fox Run Management L.L.C. now owns 75,284 shares of the real estate investment trust’s stock worth $1,684,000 after buying an additional 33,368 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. raised its holdings in shares of Kite Realty Group Trust by 61.3% during the 1st quarter. Vestmark Advisory Solutions Inc. now owns 39,656 shares of the real estate investment trust’s stock worth $887,000 after buying an additional 15,065 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 0.3%

NYSE KRG opened at $21.51 on Monday. The business’s 50-day moving average price is $22.38 and its two-hundred day moving average price is $22.20. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $28.24. The firm has a market capitalization of $4.73 billion, a PE ratio of 27.23, a price-to-earnings-growth ratio of 6.52 and a beta of 1.16. The company has a current ratio of 1.70, a quick ratio of 1.70 and a debt-to-equity ratio of 0.91.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, July 30th. The real estate investment trust reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Kite Realty Group Trust had a return on equity of 5.21% and a net margin of 20.14%. The firm had revenue of $211.18 million for the quarter, compared to analyst estimates of $211.74 million. On average, analysts expect that Kite Realty Group Trust will post 2.05 EPS for the current year.

Kite Realty Group Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 16th. Investors of record on Thursday, October 9th will be given a dividend of $0.27 per share. The ex-dividend date is Thursday, October 9th. This represents a $1.08 annualized dividend and a dividend yield of 5.0%. Kite Realty Group Trust’s dividend payout ratio is presently 136.71%.

Analyst Ratings Changes

A number of research firms have recently commented on KRG. Piper Sandler reissued a “neutral” rating and set a $24.00 price target (down previously from $25.00) on shares of Kite Realty Group Trust in a report on Monday, August 4th. Wall Street Zen cut Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, June 27th. Raymond James Financial lowered their target price on Kite Realty Group Trust from $28.00 to $26.00 and set a “strong-buy” rating for the company in a report on Friday, May 23rd. Finally, UBS Group started coverage on Kite Realty Group Trust in a report on Tuesday, July 1st. They issued a “neutral” rating and a $24.00 target price for the company. Seven research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $27.11.

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.