SG Americas Securities LLC Sells 31,574 Shares of Kite Realty Group Trust $KRG

SG Americas Securities LLC reduced its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 54.2% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 26,692 shares of the real estate investment trust’s stock after selling 31,574 shares during the period. SG Americas Securities LLC’s holdings in Kite Realty Group Trust were worth $595,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in KRG. AQR Capital Management LLC raised its holdings in shares of Kite Realty Group Trust by 32.2% during the first quarter. AQR Capital Management LLC now owns 80,984 shares of the real estate investment trust’s stock worth $1,797,000 after acquiring an additional 19,731 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Kite Realty Group Trust by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 129,314 shares of the real estate investment trust’s stock worth $2,893,000 after purchasing an additional 5,666 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Kite Realty Group Trust by 160.9% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 66,025 shares of the real estate investment trust’s stock valued at $1,523,000 after purchasing an additional 40,722 shares during the period. UMB Bank n.a. lifted its holdings in shares of Kite Realty Group Trust by 103.0% in the second quarter. UMB Bank n.a. now owns 2,607 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 1,323 shares in the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Kite Realty Group Trust by 30.1% in the second quarter. GAMMA Investing LLC now owns 4,520 shares of the real estate investment trust’s stock valued at $102,000 after purchasing an additional 1,045 shares in the last quarter. Institutional investors and hedge funds own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Down 1.3%

NYSE KRG opened at $23.26 on Friday. Kite Realty Group Trust has a 12 month low of $18.51 and a 12 month high of $24.54. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.93. The stock has a 50 day moving average of $23.30 and a 200-day moving average of $22.64. The company has a market cap of $5.03 billion, a PE ratio of 36.34, a PEG ratio of 5.94 and a beta of 0.89.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings results 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. The firm had revenue of $205.06 million for the quarter, compared to analyst estimates of $208.82 million. Kite Realty Group Trust had a net margin of 16.34% and a return on equity of 4.27%. Kite Realty Group Trust has set its FY 2025 guidance at 2.090-2.110 EPS. On average, equities research analysts anticipate that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, January 16th. Investors of record on Friday, January 9th were issued a dividend of $0.29 per share. The ex-dividend date was Friday, January 9th. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.27. This represents a $1.16 dividend on an annualized basis and a yield of 5.0%. Kite Realty Group Trust’s dividend payout ratio is 181.25%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Kite Realty Group Trust in a research report on Monday, December 29th. UBS Group reaffirmed a “neutral” rating and set a $25.00 price target (up from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Wall Street Zen lowered shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Raymond James Financial cut shares of Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a report on Tuesday, November 11th. Finally, Wells Fargo & Company upgraded 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 note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, Kite Realty Group Trust currently has a consensus rating of “Hold” and an average price target of $25.43.

Kite Realty Group Trust Company Profile

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.