Kite Realty Group Trust $KRG Shares Purchased by Nomura Asset Management Co. Ltd.

Nomura Asset Management Co. Ltd. increased its holdings in shares of Kite Realty Group Trust (NYSE:KRG) by 2.3% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 311,260 shares of the real estate investment trust’s stock after purchasing an additional 6,970 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Kite Realty Group Trust were worth $7,050,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH increased its stake in shares of Kite Realty Group Trust by 50.3% during the 2nd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 374,671 shares of the real estate investment trust’s stock valued at $8,486,000 after acquiring an additional 125,461 shares during the last quarter. Ontario Teachers Pension Plan Board increased its position in Kite Realty Group Trust by 40.6% during the second quarter. Ontario Teachers Pension Plan Board now owns 42,451 shares of the real estate investment trust’s stock worth $962,000 after purchasing an additional 12,260 shares during the last quarter. Creative Planning increased its position in Kite Realty Group Trust by 39.1% during the second quarter. Creative Planning now owns 25,574 shares of the real estate investment trust’s stock worth $579,000 after purchasing an additional 7,190 shares during the last quarter. SG Americas Securities LLC raised its stake in Kite Realty Group Trust by 64.0% during the second quarter. SG Americas Securities LLC now owns 58,266 shares of the real estate investment trust’s stock worth $1,320,000 after purchasing an additional 22,742 shares during the period. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in shares of Kite Realty Group Trust by 3.7% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 127,300 shares of the real estate investment trust’s stock valued at $2,883,000 after purchasing an additional 4,568 shares during the last quarter. Hedge funds and other institutional investors own 90.81% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on KRG shares. LADENBURG THALM/SH SH began coverage on shares of Kite Realty Group Trust in a research note on Tuesday, September 9th. They set a “buy” rating and a $30.00 price objective for the company. Wall Street Zen downgraded Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Citigroup restated a “neutral” rating and set a $24.00 price target (down from $28.00) on shares of Kite Realty Group Trust in a research note on Friday, September 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kite Realty Group Trust in a research note on Wednesday. Finally, Wells Fargo & Company upgraded Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $23.00 to $25.00 in a report on Tuesday, October 21st. Two investment analysts have rated the stock with a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, Kite Realty Group Trust presently has an average rating of “Hold” and a consensus target price of $25.88.

Insiders Place Their Bets

In related news, CEO John A. Kite sold 50,000 shares of Kite Realty Group Trust stock in a transaction on Wednesday, September 3rd. The shares were sold at an average price of $22.70, for a total transaction of $1,135,000.00. Following the sale, the chief executive officer owned 54,121 shares of the company’s stock, valued at $1,228,546.70. The trade was a 48.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 2.00% of the company’s stock.

Kite Realty Group Trust Price Performance

KRG stock opened at $22.17 on Friday. The firm has a market cap of $4.80 billion, a P/E ratio of 34.63, a price-to-earnings-growth ratio of 6.16 and a beta of 1.13. The company has a debt-to-equity ratio of 0.91, a quick ratio of 1.70 and a current ratio of 1.70. Kite Realty Group Trust has a 1 year low of $18.51 and a 1 year high of $28.24. The stock has a 50-day simple moving average of $22.26 and a 200-day simple moving average of $22.34.

Kite Realty Group Trust (NYSE:KRG) last released its quarterly earnings results on Wednesday, October 29th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Kite Realty Group Trust had a return on equity of 4.23% and a net margin of 16.34%.The firm had revenue of $205.06 million during the quarter, compared to analysts’ expectations of $208.82 million. 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 earnings per share for the current fiscal year.

Kite Realty Group Trust Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Investors of record on Friday, January 9th will be issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 5.2%. The ex-dividend date of this dividend is Friday, January 9th. This is a positive change from Kite Realty Group Trust’s previous quarterly dividend of $0.27. Kite Realty Group Trust’s dividend payout ratio (DPR) is 181.25%.

Kite Realty Group Trust Company Profile

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.