LDR Capital Management LLC Has $514,000 Position in Kite Realty Group Trust $KRG

LDR Capital Management LLC lessened its stake in shares of Kite Realty Group Trust (NYSE:KRG) by 79.1% in the third quarter, HoldingsChannel.com reports. The institutional investor owned 23,047 shares of the real estate investment trust’s stock after selling 87,363 shares during the quarter. Kite Realty Group Trust comprises about 0.8% of LDR Capital Management LLC’s investment portfolio, making the stock its 27th biggest position. LDR Capital Management LLC’s holdings in Kite Realty Group Trust were worth $514,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Harbor Capital Advisors Inc. lifted its position in Kite Realty Group Trust by 54.8% during the third quarter. Harbor Capital Advisors Inc. now owns 1,305 shares of the real estate investment trust’s stock worth $29,000 after acquiring an additional 462 shares during the last quarter. Ameritas Advisory Services LLC bought a new position in shares of Kite Realty Group Trust during the second quarter worth approximately $30,000. First Horizon Corp acquired a new stake in Kite Realty Group Trust during the 3rd quarter worth approximately $30,000. EverSource Wealth Advisors LLC lifted its holdings in Kite Realty Group Trust by 118.4% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,365 shares of the real estate investment trust’s stock worth $31,000 after purchasing an additional 740 shares during the last quarter. Finally, Smallwood Wealth Investment Management LLC boosted its stake in Kite Realty Group Trust by 57.9% in the 3rd quarter. Smallwood Wealth Investment Management LLC now owns 1,748 shares of the real estate investment trust’s stock valued at $39,000 after purchasing an additional 641 shares during the period. Institutional investors and hedge funds own 90.81% of the company’s stock.

Analyst Upgrades and Downgrades

KRG has been the subject of several analyst reports. UBS Group reiterated a “neutral” rating and issued a $25.00 price objective (up previously from $24.00) on shares of Kite Realty Group Trust in a research note on Thursday, January 8th. Wall Street Zen cut Kite Realty Group Trust from a “hold” rating to a “sell” rating in a research report on Saturday, November 1st. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Kite Realty Group Trust in a research note on Monday, December 29th. Jefferies Financial Group reiterated a “hold” rating and issued a $24.00 price target (up from $23.00) on shares of Kite Realty Group Trust in a research note on Monday, December 15th. Finally, Wells Fargo & Company raised Kite Realty Group Trust from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $23.00 to $25.00 in a research note on Tuesday, October 21st. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $25.43.

Kite Realty Group Trust Stock Up 0.6%

Shares of NYSE:KRG opened at $23.48 on Tuesday. The firm has a market cap of $5.08 billion, a P/E ratio of 36.68, a P/E/G ratio of 5.96 and a beta of 0.89. Kite Realty Group Trust has a 12-month low of $18.51 and a 12-month high of $24.54. The business has a fifty day simple moving average of $23.25 and a 200 day simple moving average of $22.63. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.93.

Kite Realty Group Trust (NYSE:KRG) last issued its quarterly earnings results 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 analysts’ expectations of $208.82 million. Kite Realty Group Trust had a return on equity of 4.27% and a net margin of 16.34%.Kite Realty Group Trust has set its FY 2025 guidance at 2.090-2.110 EPS. Analysts predict that Kite Realty Group Trust will post 2.05 earnings per share for the current year.

Kite Realty Group Trust Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 16th. Stockholders of record on Friday, January 9th were paid a $0.29 dividend. The ex-dividend date of this dividend was Friday, January 9th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 4.9%. This is an increase from Kite Realty Group Trust’s previous quarterly dividend of $0.27. Kite Realty Group Trust’s payout ratio is currently 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.