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

Nisa Investment Advisors LLC trimmed its position in Kite Realty Group Trust (NYSE:KRG) by 28.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 124,376 shares of the real estate investment trust’s stock after selling 48,998 shares during the quarter. Nisa Investment Advisors LLC owned approximately 0.06% of Kite Realty Group Trust worth $2,774,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. AQR Capital Management LLC increased its stake in 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 valued at $1,797,000 after purchasing an additional 19,731 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of 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 valued at $2,893,000 after buying an additional 5,666 shares during the last quarter. Focus Partners Wealth raised its stake in Kite Realty Group Trust by 1.8% during the first quarter. Focus Partners Wealth now owns 179,956 shares of the real estate investment trust’s stock worth $4,026,000 after acquiring an additional 3,212 shares during the period. Parallel Advisors LLC lifted its holdings in Kite Realty Group Trust by 30.1% in the second quarter. Parallel Advisors LLC now owns 4,977 shares of the real estate investment trust’s stock worth $113,000 after acquiring an additional 1,152 shares during the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in Kite Realty Group Trust by 14.5% in the second quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 49,348 shares of the real estate investment trust’s stock valued at $1,118,000 after acquiring an additional 6,241 shares during the period. 90.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on KRG shares. UBS Group reaffirmed a “neutral” rating and issued a $25.00 target price (up from $24.00) on shares of Kite Realty Group Trust in a research report on Thursday. Wall Street Zen lowered shares of 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 report on Monday, December 29th. Raymond James Financial cut Kite Realty Group Trust from a “strong-buy” rating to a “market perform” rating in a research report on Tuesday, November 11th. Finally, Wells Fargo & Company upgraded Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and boosted their price target for the stock 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 given a Hold rating to the company’s stock. Based on data from MarketBeat, Kite Realty Group Trust presently has an average rating of “Hold” and an average price target of $25.63.

Kite Realty Group Trust Stock Down 0.1%

KRG opened at $23.36 on Tuesday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market capitalization of $5.06 billion, a PE ratio of 36.49, a P/E/G ratio of 5.90 and a beta of 0.89. The stock’s fifty day moving average is $23.12 and its 200-day moving average is $22.61. Kite Realty Group Trust has a one year low of $18.51 and a one year high of $24.54.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Wednesday, October 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.01. The company had revenue of $205.06 million during 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 analysts predict that Kite Realty Group Trust will post 2.05 EPS for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 16th. Shareholders of record on Friday, January 9th will be issued a $0.29 dividend. 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. This represents a $1.16 annualized dividend and a dividend yield of 5.0%. Kite Realty Group Trust’s dividend payout ratio is 181.25%.

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.