Skandinaviska Enskilda Banken AB publ lessened its stake in Kite Realty Group Trust (NYSE:KRG) by 11.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 52,200 shares of the real estate investment trust’s stock after selling 6,900 shares during the quarter. Skandinaviska Enskilda Banken AB publ’s holdings in Kite Realty Group Trust were worth $494,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the company. State of Tennessee Treasury Department raised its position in shares of Kite Realty Group Trust by 4.4% in the 1st quarter. State of Tennessee Treasury Department now owns 53,962 shares of the real estate investment trust’s stock worth $511,000 after purchasing an additional 2,281 shares during the last quarter. APG Asset Management N.V. increased its holdings in Kite Realty Group Trust by 604.7% in the 1st quarter. APG Asset Management N.V. now owns 215,629 shares of the real estate investment trust’s stock worth $2,042,000 after buying an additional 185,029 shares in the last quarter. Advisor Group Holdings Inc. bought a new stake in Kite Realty Group Trust in the 1st quarter worth about $326,000. Cohen & Steers Inc. bought a new stake in Kite Realty Group Trust in the 1st quarter worth about $224,000. Finally, Thrivent Financial for Lutherans increased its holdings in Kite Realty Group Trust by 60.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 221,085 shares of the real estate investment trust’s stock worth $2,094,000 after buying an additional 83,068 shares in the last quarter. 95.55% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently commented on KRG. Compass Point downgraded Kite Realty Group Trust from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $15.00 to $12.00 in a report on Thursday, April 16th. TheStreet downgraded Kite Realty Group Trust from a “c-” rating to a “d” rating in a report on Thursday, May 7th. Piper Sandler lifted their price objective on Kite Realty Group Trust from $12.00 to $13.00 and gave the stock an “overweight” rating in a report on Wednesday, June 3rd. Zacks Investment Research upgraded Kite Realty Group Trust from a “sell” rating to a “hold” rating in a report on Saturday, June 6th. Finally, Citigroup boosted their price target on Kite Realty Group Trust from $8.00 to $11.00 and gave the company a “neutral” rating in a research note on Thursday. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $14.71.

Kite Realty Group Trust stock opened at $11.35 on Friday. The business has a 50-day simple moving average of $11.08 and a two-hundred day simple moving average of $13.61. The company has a market cap of $954.74 million, a P/E ratio of 7.18, a P/E/G ratio of 6.92 and a beta of 1.24. Kite Realty Group Trust has a 52-week low of $6.87 and a 52-week high of $19.77. The company has a quick ratio of 3.60, a current ratio of 3.60 and a debt-to-equity ratio of 1.15.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings data on Wednesday, May 6th. The real estate investment trust reported ($0.01) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.38 by ($0.39). The company had revenue of $69.91 million for the quarter, compared to the consensus estimate of $70.80 million. Kite Realty Group Trust had a negative net margin of 2.09% and a negative return on equity of 0.48%. Research analysts anticipate that Kite Realty Group Trust will post 1.25 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 9th. Investors of record on Thursday, July 2nd will be paid a dividend of $0.052 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $0.21 dividend on an annualized basis and a dividend yield of 1.83%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 12.65%.

Kite Realty Group Trust Profile

Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) that provides communities with convenient and beneficial shopping experiences. We connect consumers to tenants in desirable markets through our portfolio of neighborhood, community, and lifestyle centers.

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Institutional Ownership by Quarter for Kite Realty Group Trust (NYSE:KRG)

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