Teacher Retirement System of Texas acquired a new position in shares of Kite Realty Group Trust (NYSE:KRG) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 28,641 shares of the real estate investment trust’s stock, valued at approximately $561,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in KRG. Zions Bancorporation acquired a new stake in Kite Realty Group Trust in the third quarter worth $111,000. Cetera Advisors LLC acquired a new stake in Kite Realty Group Trust in the third quarter worth $223,000. Schroder Investment Management Group acquired a new stake in Kite Realty Group Trust in the third quarter worth $223,000. Nisa Investment Advisors LLC increased its position in Kite Realty Group Trust by 80.2% in the fourth quarter. Nisa Investment Advisors LLC now owns 14,600 shares of the real estate investment trust’s stock worth $286,000 after buying an additional 6,500 shares during the period. Finally, Sheaff Brock Investment Advisors LLC acquired a new stake in Kite Realty Group Trust in the third quarter worth $296,000. Hedge funds and other institutional investors own 95.50% of the company’s stock.
KRG has been the topic of several analyst reports. Barclays reaffirmed a “buy” rating and issued a $20.00 target price on shares of Kite Realty Group Trust in a research report on Thursday, March 8th. Zacks Investment Research raised Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Wednesday, November 15th. ValuEngine lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. DA Davidson lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating and set a $16.00 price target on the stock. in a report on Monday, February 5th. Finally, Bank of America lowered Kite Realty Group Trust from a “buy” rating to a “neutral” rating in a report on Friday, February 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating and five have given a buy rating to the company. Kite Realty Group Trust currently has an average rating of “Hold” and a consensus price target of $20.00.
Kite Realty Group Trust (NYSE:KRG) opened at $15.52 on Wednesday. The company has a market capitalization of $1,300.00, a price-to-earnings ratio of 110.86, a PEG ratio of 1.81 and a beta of 0.49. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 1.09. Kite Realty Group Trust has a fifty-two week low of $13.90 and a fifty-two week high of $22.34.
Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results on Thursday, February 1st. The real estate investment trust reported $0.50 EPS for the quarter, meeting analysts’ consensus estimates of $0.50. The company had revenue of $88.90 million for the quarter, compared to analyst estimates of $89.14 million. Kite Realty Group Trust had a return on equity of 0.74% and a net margin of 3.31%. The company’s quarterly revenue was up .0% compared to the same quarter last year. During the same period last year, the company earned $0.50 earnings per share. sell-side analysts predict that Kite Realty Group Trust will post 2.01 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, April 6th will be issued a dividend of $0.3175 per share. This represents a $1.27 dividend on an annualized basis and a yield of 8.18%. The ex-dividend date of this dividend is Thursday, April 5th. Kite Realty Group Trust’s payout ratio is currently 907.14%.
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Kite Realty Group Trust Profile
Kite Realty Group Trust is a real estate investment trust. The Company, through its subsidiary, Kite Realty Group, L.P., owns interests in various operating subsidiaries and joint ventures engaged in the ownership, operation, acquisition, development and redevelopment of neighborhood and community shopping centers in selected markets in the United States.
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