Kite Realty Group Trust (NYSE:KRG) Shares Bought by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. boosted its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 294,090 shares of the real estate investment trust’s stock after purchasing an additional 2,090 shares during the period. Nomura Asset Management Co. Ltd. owned approximately 0.13% of Kite Realty Group Trust worth $7,423,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new stake in shares of Kite Realty Group Trust during the 4th quarter valued at $1,180,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Kite Realty Group Trust by 2.0% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 3,725,783 shares of the real estate investment trust’s stock valued at $94,039,000 after purchasing an additional 73,926 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of Kite Realty Group Trust in the 4th quarter valued at $19,632,000. New York State Common Retirement Fund increased its stake in Kite Realty Group Trust by 18.6% in the 4th quarter. New York State Common Retirement Fund now owns 108,589 shares of the real estate investment trust’s stock worth $2,741,000 after purchasing an additional 17,015 shares in the last quarter. Finally, Aew Capital Management L P acquired a new stake in Kite Realty Group Trust during the 4th quarter worth about $31,663,000. 90.81% of the stock is currently owned by institutional investors.

Kite Realty Group Trust Trading Up 0.5 %

Shares of NYSE KRG opened at $22.39 on Tuesday. The business has a 50 day simple moving average of $22.71 and a 200 day simple moving average of $24.81. Kite Realty Group Trust has a 52 week low of $19.64 and a 52 week high of $28.24. The stock has a market cap of $4.92 billion, a price-to-earnings ratio of 1,119.25, a PEG ratio of 3.57 and a beta of 1.30. The company has a debt-to-equity ratio of 0.97, a quick ratio of 2.98 and a current ratio of 2.98.

Kite Realty Group Trust (NYSE:KRG) last announced its quarterly earnings results on Tuesday, February 11th. The real estate investment trust reported $0.53 EPS for the quarter, topping the consensus estimate 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%. On average, research analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current fiscal year.

Kite Realty Group Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Wednesday, April 9th will be paid a dividend of $0.27 per share. The ex-dividend date is Wednesday, April 9th. This represents a $1.08 annualized dividend and a dividend yield of 4.82%. Kite Realty Group Trust’s dividend payout ratio (DPR) is presently 5,400.00%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the stock. JPMorgan Chase & Co. decreased their target price on shares of Kite Realty Group Trust from $30.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, January 15th. Wells Fargo & Company lowered their price objective on shares of Kite Realty Group Trust from $26.00 to $24.00 and set an “equal weight” rating on the stock in a research report on Wednesday, March 26th. Piper Sandler restated a “neutral” rating and issued a $25.00 target price (down previously from $33.00) on shares of Kite Realty Group Trust in a report on Thursday, February 13th. Raymond James dropped their price target on 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. Finally, Jefferies Financial Group lowered Kite Realty Group Trust from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $31.00 to $27.00 in a research report on Thursday, January 2nd. Five research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Kite Realty Group Trust has a consensus rating of “Moderate Buy” and an average price target of $27.88.

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.