Signaturefd LLC Purchases 1,480 Shares of Kite Realty Group Trust (NYSE:KRG)

Signaturefd LLC increased its position in shares of Kite Realty Group Trust (NYSE:KRG) by 13.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 12,853 shares of the real estate investment trust’s stock after purchasing an additional 1,480 shares during the period. Signaturefd LLC’s holdings in Kite Realty Group Trust were worth $324,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Wilmington Savings Fund Society FSB purchased a new stake in Kite Realty Group Trust in the 3rd quarter worth $39,000. Versant Capital Management Inc grew its position in shares of Kite Realty Group Trust by 551.7% during the fourth quarter. Versant Capital Management Inc now owns 2,457 shares of the real estate investment trust’s stock worth $62,000 after purchasing an additional 2,080 shares in the last quarter. Spectrum Wealth Counsel LLC bought a new stake in Kite Realty Group Trust during the 4th quarter valued at approximately $101,000. GAMMA Investing LLC lifted its holdings in Kite Realty Group Trust by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 4,787 shares of the real estate investment trust’s stock worth $121,000 after purchasing an additional 652 shares in the last quarter. Finally, Central Pacific Bank Trust Division boosted its stake in Kite Realty Group Trust by 19.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 7,390 shares of the real estate investment trust’s stock worth $187,000 after purchasing an additional 1,210 shares during the period. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on KRG shares. Raymond James reduced their price objective on shares of Kite Realty Group Trust from $31.00 to $28.00 and set a “strong-buy” rating on the stock in a research report on Monday, March 10th. JPMorgan Chase & Co. reduced their price target on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating on the stock in a report on Wednesday, January 15th. Piper Sandler reissued a “neutral” rating and set a $25.00 price objective (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Jefferies Financial Group cut Kite Realty Group Trust from a “buy” rating to a “hold” rating and reduced their target price for the stock from $31.00 to $27.00 in a report on Thursday, January 2nd. Finally, Wells Fargo & Company dropped their price target on Kite Realty Group Trust from $28.00 to $26.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 29th. Five research analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $28.13.

Kite Realty Group Trust Stock Performance

Kite Realty Group Trust stock opened at $22.12 on Friday. Kite Realty Group Trust has a fifty-two week low of $19.64 and a fifty-two week high of $28.24. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98. The company has a 50 day moving average price of $22.77 and a 200-day moving average price of $24.97. The company has a market capitalization of $4.86 billion, a PE ratio of 1,105.75, a P/E/G ratio of 3.57 and a beta of 1.30.

Kite Realty Group Trust (NYSE:KRG) last posted its earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, beating analysts’ consensus estimates of $0.08 by $0.45. Kite Realty Group Trust had a net margin of 0.48% and a return on equity of 0.12%. As a group, equities analysts forecast that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 16th. Shareholders of record on Wednesday, April 9th will be issued a dividend of $0.27 per share. The ex-dividend date of this dividend is Wednesday, April 9th. This represents a $1.08 dividend on an annualized basis and a yield of 4.88%. Kite Realty Group Trust’s dividend payout ratio is currently 5,400.00%.

About Kite Realty Group Trust

Kite Realty Group Trust (NYSE: KRG) is a real estate investment trust (REIT) headquartered in Indianapolis, IN that is one of the largest publicly traded owners and operators of open-air shopping centers and mixed-use assets. The Company’s primarily grocery-anchored portfolio is located in high-growth Sun Belt and select strategic gateway markets.