22,477 Shares in Kite Realty Group Trust (NYSE:KRG) Bought by ExodusPoint Capital Management LP

ExodusPoint Capital Management LP acquired a new stake in Kite Realty Group Trust (NYSE:KRG) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 22,477 shares of the real estate investment trust’s stock, valued at approximately $336,000.

Several other large investors have also recently made changes to their positions in the company. Amundi Pioneer Asset Management Inc. boosted its position in Kite Realty Group Trust by 6.5% in the first quarter. Amundi Pioneer Asset Management Inc. now owns 42,188 shares of the real estate investment trust’s stock valued at $674,000 after buying an additional 2,579 shares during the last quarter. Acadian Asset Management LLC purchased a new stake in shares of Kite Realty Group Trust in the 3rd quarter valued at $31,000. Federated Hermes Inc. raised its holdings in shares of Kite Realty Group Trust by 642.0% during the third quarter. Federated Hermes Inc. now owns 20,227 shares of the real estate investment trust’s stock worth $234,000 after purchasing an additional 17,501 shares during the last quarter. UBS Asset Management Americas Inc. lifted its position in Kite Realty Group Trust by 15.7% during the third quarter. UBS Asset Management Americas Inc. now owns 405,357 shares of the real estate investment trust’s stock valued at $4,694,000 after purchasing an additional 55,106 shares during the period. Finally, Boothbay Fund Management LLC boosted its holdings in Kite Realty Group Trust by 19.8% in the third quarter. Boothbay Fund Management LLC now owns 78,757 shares of the real estate investment trust’s stock valued at $912,000 after purchasing an additional 13,000 shares during the last quarter. Hedge funds and other institutional investors own 88.97% of the company’s stock.

KRG stock opened at $19.74 on Thursday. Kite Realty Group Trust has a 52 week low of $7.21 and a 52 week high of $21.46. The company has a quick ratio of 2.11, a current ratio of 2.11 and a debt-to-equity ratio of 0.96. The firm has a 50-day simple moving average of $19.64 and a 200-day simple moving average of $15.47. The stock has a market capitalization of $1.67 billion, a P/E ratio of 282.00, a P/E/G ratio of 10.08 and a beta of 1.39.

Kite Realty Group Trust (NYSE:KRG) last posted its quarterly earnings data on Thursday, February 11th. The real estate investment trust reported ($0.08) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.01. Kite Realty Group Trust had a return on equity of 0.47% and a net margin of 2.15%. On average, analysts expect that Kite Realty Group Trust will post 1.28 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 15th. Investors of record on Thursday, April 8th will be given a dividend of $0.17 per share. This represents a $0.68 annualized dividend and a dividend yield of 3.44%. This is a boost from Kite Realty Group Trust’s previous quarterly dividend of $0.15. The ex-dividend date is Wednesday, April 7th. Kite Realty Group Trust’s payout ratio is presently 36.14%.

Several analysts recently commented on KRG shares. TheStreet raised Kite Realty Group Trust from a “d+” rating to a “c-” rating in a report on Wednesday, February 3rd. Capital One Financial reaffirmed an “overweight” rating on shares of Kite Realty Group Trust in a report on Monday, January 11th. Zacks Investment Research downgraded shares of Kite Realty Group Trust from a “hold” rating to a “sell” rating in a report on Thursday, February 18th. KeyCorp raised shares of Kite Realty Group Trust from a “sector weight” rating to an “overweight” rating and set a $22.00 price objective for the company in a report on Wednesday, March 10th. Finally, Wells Fargo & Company raised shares of Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $14.00 to $17.00 in a research note on Thursday, December 10th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $14.67.

Kite Realty Group Trust Company 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 retailers 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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