Capital Analysts LLC Sells 559 Shares of Kite Realty Group Trust (NYSE:KRG)

Capital Analysts LLC lessened its position in Kite Realty Group Trust (NYSE:KRG) by 17.6% during the fourth quarter, Holdings Channel.com reports. The fund owned 2,612 shares of the real estate investment trust’s stock after selling 559 shares during the period. Capital Analysts LLC’s holdings in Kite Realty Group Trust were worth $60,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Raymond James & Associates lifted its position in shares of Kite Realty Group Trust by 32.3% in the 1st quarter. Raymond James & Associates now owns 116,703 shares of the real estate investment trust’s stock worth $2,657,000 after purchasing an additional 28,495 shares during the period. Raymond James Financial Services Advisors Inc. boosted its stake in shares of Kite Realty Group Trust by 14.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 67,735 shares of the real estate investment trust’s stock valued at $1,542,000 after purchasing an additional 8,554 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in shares of Kite Realty Group Trust by 18.9% during the 1st quarter. PNC Financial Services Group Inc. now owns 6,700 shares of the real estate investment trust’s stock valued at $153,000 after purchasing an additional 1,067 shares in the last quarter. Natixis Advisors L.P. bought a new stake in shares of Kite Realty Group Trust during the 1st quarter valued at about $448,000. Finally, Bank of Montreal Can boosted its stake in shares of Kite Realty Group Trust by 16.8% during the 1st quarter. Bank of Montreal Can now owns 26,095 shares of the real estate investment trust’s stock valued at $601,000 after purchasing an additional 3,760 shares in the last quarter. Institutional investors own 90.81% of the company’s stock.

Kite Realty Group Trust Trading Up 1.6 %

NYSE:KRG opened at $20.89 on Friday. Kite Realty Group Trust has a one year low of $19.16 and a one year high of $24.26. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.76 and a quick ratio of 0.76. The company’s 50-day simple moving average is $21.02 and its 200 day simple moving average is $21.36. The firm has a market capitalization of $4.59 billion, a P/E ratio of 94.96, a PEG ratio of 2.96 and a beta of 1.29.

Kite Realty Group Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 12th. Investors of record on Friday, April 5th were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 4.79%. The ex-dividend date of this dividend was Thursday, April 4th. Kite Realty Group Trust’s payout ratio is currently 454.57%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Jefferies Financial Group raised shares of Kite Realty Group Trust from a “hold” rating to a “buy” rating and set a $23.00 target price on the stock in a research note on Thursday. StockNews.com raised shares of Kite Realty Group Trust from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $25.50.

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.